Studio Apartment in Larnaca, Larnaka, Cyprus No. 57112

Studio

Bedrooms

1

Bathrooms

36 sq.m.

Square

+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

  • The purchase is made by an individual, not a legal entity.
  • The buyer is not going to rent out the acquired property.
  • This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.
A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

Parameters

Property Description

Just 400 meters from the beach, this new residential development offers a practical blend of coastal living and urban accessibility. Situated in a growing area near the new Larnaca Marina and the American University of Cyprus, the project includes two residential blocks with a total of 34 apartments, ranging from 1 to 3 bedrooms. Several penthouse units feature private roof gardens.

Each apartment is designed to make the most of natural light and space, with layouts that support comfortable, everyday living. All units come with private storage rooms, and the development is located within walking distance of supermarkets, cafés, schools, and pharmacies.

The project’s location next to major new developments and its proximity to key city landmarks make it equally suitable for homeowners and investors seeking long-term potential. Its position near the Radisson Blu area and the marina zone ensures convenient access to the beachfront, city center, and Larnaca International Airport.

The main features of the project and the units:

• 34 apartments
• 1-, 2-, and 3-bedroom units
• Penthouses with roof gardens
• Storage room for each apartment
• 400 meters from the beach
• Located near the American University of Cyprus
• Close to the new Larnaca Marina
• Calm and well-positioned neighborhood

The project has an EPC certificate with “A” energy efficiency rating.

Features

Storage room

Storage room

Car park

Car park

Statistics

€ 3 329

Price per sq.m.

166

Quality of Life Index

53

Cost of Living Index

Choose a city for comparison

Parameters

Larnaca

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 796

Apartment (1 bedroom) Outside of Centre

€ 599

Apartment (3 bedrooms) in City Centre

€ 1 475

Apartment (3 bedrooms) Outside of Centre

€ 1 094

Buy Apartment Price

Price per square metre in the city centre

€ 3 329

Price per square metre outside the city centre

€ 1 780

Similar Property

152 500

Studio

1 Bathrooms

36 sq.m.

+ VAT

160 000

Studio

36 sq.m.

+ VAT

149 500

Studio

1 Bathrooms

36 sq.m.

+ VAT

146 500

Studio

1 Bathrooms

36 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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