2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 58346

Bedrooms

Bathrooms

78 sq.m.

Square

€ 265 000

€ 3 397 / 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 boutique residential building of just seven apartments in a prime location of Larnaca, near the iconic Land of Tomorrow development and the Radisson Blu area. The limited number of apartments ensures greater privacy for residents. The building offers one-, two- and three-bedroom apartments with modern architectural design and generous covered balconies; the ground-floor apartment enjoys a private garden, and the top-floor penthouse has a roof garden. Every apartment comes with a storage room and a parking place.

The main features of the project and the units:

• Boutique format: only seven apartments
• Modern architectural design
• Spacious covered balconies; ground-floor garden and penthouse roof garden
• Storage room and parking place with every apartment

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