+ 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 Penthouse in Larnaca, Larnaka, Cyprus No. 26389

3

Bedrooms

4

Bathrooms

125.5 sq.m.

Square

II quarter, 2022

Completion date

Parameters

Property Description

Larnaca, Cyprus’ third largest city, hosts the country’s main airport and is home to a large urban population. Today, Larnaca serves as one of Cyprus’ key tourist attractions and fastest growing real estate hubs. Located a few meters away from the shore of Larnaca’s Mackenzie Beach, a reigning waterfront vitalized by Miami-inspired venues and restaurants, this four-story 2-bedroom apartments building is equipped with prime design and facilities that will ensure its tenants a comfortable and splendid Larnaca lifestyle. Gated four story building (two Apts. per floor) with a private entrance Two bedroom apartments consisting of 107 sq.m living area and featuring a wide sea view High-end finishing comprising of top quality European material Covered parking spaces (one parking space per Apt.) accessed through remote control parking gate Storage Rooms (one room per Apt.) Prime location, close to local amenities and attractions Surrounded by pedestrian areas and cycling lanes Proximity to Mackenzie Beach (two min. walking distance) Less than five minutes driving distance from the airport

Features

Veranda

Veranda

Car park

Car park

Statistics

€ 3 329

Price per sq.m.

166

Quality of Life Index

53

Cost of Living Index

Choose a city for comparison

Parameters

Larnaca

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 796

Apartment (1 bedroom) Outside of Centre

€ 599

Apartment (3 bedrooms) in City Centre

€ 1 475

Apartment (3 bedrooms) Outside of Centre

€ 1 094

Buy Apartment Price

Price per square metre in the city centre

€ 3 329

Price per square metre outside the city centre

€ 1 780

3 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26389

3 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26389

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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