2 bedrooms Apartment in Larnaca, Cyprus No. 45038
ID45038
$ 529 150
Property description
Reference ID: #SA34280Price details: €500,000 +VATProject located just a few meters from the Famous Mackenzy Beachfront.The project will compose of fifteen spacious apartments of two bedroom and two bathroom from the 1st and 5th floor of the project.The sixth floor of the project is retire apartment with three bedrooms and four bathrooms with spacious covered and uncovered balconies and roof garden which sole purpose is to secure and maximise the comfortable and private quality of life of its apartment owners.Each apartment will benefit from a parking bay and storage room on the ground floor.Building is characterised by its immediate access to the blue flag Mackenzy beaches, its panoramic and unobstructed views of the sea and the careful and meticulous design of its eight luxury and high-end apartments.The project will have an energy efficiency of grade 'A' since photovoltaic panels will be installed on the roof in order to produce renewable energy. The photovoltaic panels through 'net metering' will make sure owners benefit from significant savings in electricity consumption.The project is expected to be completed BEFORE December 2025.Available for sale two 2-bedroom apartments.Prices: €500,000-€530,000Covered area: 85 sq.m.Covered veranda: 19-30 sq.m.Uncovered veranda: 38-44 sq.m.PLUS V.A.T
Reference number: SA34280
Property area: 115 m2
Type: Apartment
Floor: 1st
Parking: Covered
Condition: Brand new
Furnishing: Unfurnished
Included: Storage room
Air conditioning: No
Energy Efficiency: N/A
Bedrooms: 2
Square meter price: €4.348 /m2
Bathrooms: 2:
Reference number: SA34280
Property area: 115 m2
Type: Apartment
Floor: 1st
Parking: Covered
Condition: Brand new
Furnishing: Unfurnished
Included: Storage room
Air conditioning: No
Energy Efficiency: N/A
Bedrooms: 2
Square meter price: €4.348 /m2
Bathrooms: 2:
Larnaca - Statistics
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| Parameters | Larnaca |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 985.20 |
| Apartment (1 bedroom) Outside of Centre | $ 729.62 |
| Apartment (3 bedrooms) in City Centre | $ 1 666.10 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 263.86 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 178.85 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 338.59 |
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| Parameters | Larnaca |
|---|---|
| Crime Index | 29.52 |
| Cost of Living and Rent Index | 37.65 |
| Purchasing Power Index | 73.15 |
| Property Price to Income Ratio | 9.48 |
| Safety Index | 70.48 |
| Traffic CO₂ Index | 10693.20 |
| Traffic Inefficiency Index | 410.76 |
| Rent Index | 22.36 |
| Health Care Index | 58.82 |
| Groceries Index | 49.76 |
| Pollution Index | 51.91 |
| Traffic Commute Time Index | 41.20 |
| Restaurant Price Index | 49.26 |
| Climate Index | 94.95 |
| Cost of Living Index | 49.95 |
| Quality of Life Index | 149.99 |
| Traffic Index | 209.39 |
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| Parameters | Larnaca |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 16.08 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 53.59 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 8.36 |
| Domestic Beer (0.5 liter draught) | $ 3.22 |
| Imported Beer (0.33 liter bottle) | $ 4.02 |
| Coke/Pepsi (0.33 liter bottle) | $ 1.56 |
| Water (0.33 liter bottle) | $ 0.86 |
| Cappuccino (regular) | $ 3.29 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.52 |
| Loaf of Fresh White Bread (500g) | $ 1.86 |
| Eggs (regular) (12) | $ 3.62 |
| Local Cheese (1kg) | $ 13.72 |
| Water (1.5 liter bottle) | $ 0.85 |
| Bottle of Wine (Mid-Range) | $ 6.96 |
| Domestic Beer (0.5 liter bottle) | $ 1.71 |
| Imported Beer (0.33 liter bottle) | $ 2.45 |
| Cigarettes 20 Pack (Marlboro) | $ 5.36 |
| Apples (1kg) | $ 2.89 |
| Chicken Fillets (1kg) | $ 8.40 |
| Oranges (1kg) | $ 2.17 |
| Potato (1kg) | $ 1.36 |
| Lettuce (1 head) | $ 0.66 |
| Rice (white), (1kg) | $ 2.93 |
| Tomato (1kg) | $ 2.72 |
| Banana (1kg) | $ 1.76 |
| Onion (1kg) | $ 1.29 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.42 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.57 |
| Monthly Pass (Regular Price) | $ 53.59 |
| Gasoline (1 liter) | $ 1.50 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 25 186.43 |
| Taxi Start (Normal Tariff) | $ 6.97 |
| Taxi 1km (Normal Tariff) | $ 2.14 |
| Taxi 1hour Waiting (Normal Tariff) | $ 26.79 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 30 545.25 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 166.01 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 33.33 |
| $ 21.16 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 1 454.50 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.80 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 66.09 |
| Tennis Court Rent (1 Hour on Weekend) | $ 33.94 |
| Cinema, International Release, 1 Seat | $ 10.72 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 75.02 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 32.15 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 83.95 |
| 1 Pair of Men Leather Business Shoes | $ 101.82 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 392.98 |
| International Primary School, Yearly for 1 Child | $ 11 432.14 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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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.