Studio Apartment in Livadia, Larnaka, Cyprus No. 57713

Studio

Bedrooms

Bathrooms

36 sq.m.

Square

€ 125 000

€ 3 472 / sqm

+ 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

A premium residential development in Livadia, a quiet north-eastern district of Larnaca. The project consists of two elegant blocks, A and B, each served by its own lift, and brings together studios, one- and two-bedroom apartments and penthouses with high-quality finishes.

The ground floor holds studios and two-bedroom apartments, the first floor — one- and two-bedroom apartments, and the second floor is given over to penthouses, each with its own private roof garden. Every home comes with a covered veranda, a private storage room and a covered parking space at the underground level.

Residents share a large communal swimming pool with a sunbathing area, two fully equipped gyms and beautifully landscaped gardens.

The main features of the project and the units:

• Two residential blocks with a lift in each
• Large communal swimming pool with a sunbathing area
• Two fully equipped gyms
• Beautifully landscaped gardens
• Underground covered parking space for every apartment
• Private storage room for every apartment
• Penthouses with private roof gardens
• Studios, one- and two-bedroom layouts with covered verandas

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