€ 265 000

€ 2 598 / 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%

3 bedrooms Apartment in Larnaka, Cyprus No. 58540

Bedrooms

Bathrooms

102 sq.m.

Square

Parameters

Property Description

This modern new residential development is located in the popular Sotiros area of Larnaca, offering contemporary living in a quiet and well-established neighbourhood with excellent access to the city and everyday amenities.

The development comprises just eight apartments spread across three floors, creating a more private residential environment. Designed with comfort, practicality and energy efficiency in mind, the building has Energy Efficiency Rating of “A”, while a photovoltaic system will be installed to support the electricity requirements of the common areas.

This specific apartment also includes its own solar photovoltaic panels, helping to reduce electricity consumption and running costs while providing greater energy efficiency for everyday living.

Each apartment benefits from its own covered parking space and private storage room, providing additional convenience for residents. A complete video intercom system will also be installed throughout the building, with direct connection to every apartment for added security and ease of access.

Sotiros is a well-established residential area of Larnaca, offering a convenient location close to the city centre while maintaining a quieter neighbourhood atmosphere. The area provides easy access to supermarkets, schools, shops, cafés, restaurants and other everyday amenities, with Metropolis Mall and Larnaca General Hospital also within a short drive. Finikoudes Beach, the city centre and Larnaca seafront are approximately 7 minutes away by car, while Larnaca International Airport can be reached in around 15 minutes. The nearby road network also provides convenient access to the highway, making travel to Nicosia, Limassol and other areas of Cyprus straightforward.