Studio Apartment in Larnaca, Larnaka, Cyprus No. 57138
Studio
Bedrooms
30 sq.m.
Square
€ 215 000
€ 7 167 / sqm
+ VAT
+ 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.
Parameters
Property Description
This new project is coming soon in the heart of Larnaca, more precisely in the famous Ermou street.
This project is the perfect option if you are looking to make an investment and benefit from a high return. It is ideal for short term rental as it will be composed of 1 bedroom apartments and studios.
The development is just 250 meters from Finikoudes Beach and in 400 meters from St. Lazarus Church.
The Project has EPC certificate with "A" Energy Efficiency Rating.
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
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