Apartments for Sale Larnaca: Finix Residence, Drosia — The Last 80.5 m² Fourth-Floor Two-Bedroom Near the Parks and the Promenade
Published 30 September 2026 by Kefah Abu Gosh
Published 30 September 2026 by Kefah Abu Gosh
Published 30 September 2026 by Kefah Abu Gosh
TL;DR — Of the apartments for sale Larnaca's Drosia quarter has left at pre-sale, Finix Residence is down to its top unit: 402 — 80.5 m², fourth floor, 2 bedrooms, 2 bathrooms, with a private covered carport and secure storage, in a nine-unit building close to the town's municipal parks, schools and the seaside promenade. Eight of nine are placed. Pricing on registration. Project details.
An entry-level unit in the walkable centre
Drosia is the residential grid behind Larnaca's seafront — the quarter of the town's offices, Ermou's shops, Saint Lazarus and the Finikoudes promenade — and the one part of the city where a car is optional. It is also the tightest submarket for new supply, which is why nine-unit infill buildings like Finix are the format. The building is designed around spatial efficiency and low running costs: open-plan kitchen-living, thermal double glazing, covered balconies, private carports rather than a shared garage. For an investor that translates to a low entry price and low outgoings in the district with the steadiest tenant demand; abuda's Larnaca district presale benchmark is a typical €2,300/m², and Larnaca apartments rose 11.7% year on year in Q1 2026 (Central Bank of Cyprus RPPI).
Eight buyers have set the building's value; the fourth-floor two-bed is what remains — the highest unit in the building. The wider range of property for sale in Larnaca is on the city page.
The unit
- 402 — fourth floor, 80.5 m², 2 bedrooms, 2 bathrooms
- Open-plan kitchen and living; thermal double glazing; private covered balcony
- Private covered carport; secure storage unit
- Nine-unit building; eight placed; scheme 1–2 bedrooms
- Near municipal parks, schools and the seaside promenade
- Pricing on registration
Who Finix Residence is for
- Entry-level investors who want to buy property in Cyprus in a city centre. A top-floor two-bed with low operating costs and year-round tenant demand — the classic first Cyprus purchase.
- Own-use buyers. Parks on one side, the promenade a walk away, schools nearby; a fourth floor with no one above.
- Parents of students and young professionals. Drosia's walkability is exactly what a tenant without a car needs.
What does a Larnaca two-bed cost to own each year?
The cost of buying property in Cyprus is well documented; the cost of holding it is where Cyprus separates from Germany. There is no annual immovable property tax (abolished 2017). Municipal rates on an 80 m² apartment run to a few hundred euros a year. Communal charges in a nine-unit building without lift-and-pool overheads are modest. Since 2026, rental income carries no Special Defence Contribution — a landlord pays income tax on net rent at progressive rates after a 20% deemed-expense allowance, and nothing else. On sale, capital gains tax is 20% on the gain after indexation and allowances, with a lifetime exemption for a primary residence. Against Berlin's Grundsteuer, Hausgeld and 25% Abgeltungsteuer environment, the holding arithmetic is drawn out in Limassol vs. Larnaca vs. Berlin.
Where it fits
Drosia's other releases: The Central 1 (final 82 m² two-bed, Q1 2027), The Central 2 (three units) and Serenity Residences. Town-centre with more choice: Nova-Lane Residence.
Request a briefing
hello@abuda.com · WhatsApp +49 172 983 1161 · Finix Residence project page.
Frequently asked questions
Q. Where is Finix Residence? A. Drosia, central Larnaca — near the municipal parks, schools and the seaside promenade; about ten minutes from the airport. Q. What is for sale? A. One unit — 402, an 80.5 m² fourth-floor two-bedroom, two-bathroom apartment with private carport and storage. Eight of nine are sold. Q. What are the annual costs of owning? A. No property tax; a few hundred euros in municipal rates; modest communal charges; no SDC on rental income since 2026. Q. Can a foreigner buy? A. Yes — EU citizens freely; non-EU citizens one residential property with a routine permit. Q. Is pricing published? A. Pricing and the payment schedule are released on registration.