Modern apartments in the prestigious area of Larnaca (002148)
The distance to the sea is 1000 meters.
The features of the project include a high level of energy efficiency of class "A", floor-to-ceiling windows, hidden air conditioners, kitchens with granite countertops and a mechanism for soft closing cabinets, built-in cabinets from floor to ceiling, as well as many other amenities designed to provide comfort and comfort to residents.
The complex also offers private parking spaces with the ability to recharge electric vehicles, solar panels for water heating and water pressure systems, as well as a private garden on the roof for penthouses.
Thanks to its convenient location, the residents of the complex have easy access to the main transport highways, and are also within walking distance from the best beaches, the city center, shops, restaurants and entertainment facilities.
The developer provides a quality guarantee for 5 years, providing customers with long-term pleasure from living in this beautiful complex.
Date of completion: 2025
Information updated: 15.03.2024
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Larnaca; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Larnaca short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (313 403 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Larnaca: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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