+ 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. 26441

3

Bedrooms

4

Bathrooms

108 sq.m.

Square

I quarter, 2024

Completion date

Parameters

Property Description

Residence located walking distance to Mackenzy Beach. The  six floor of the project are whole-floor apartments with three bedrooms and three bathrooms each with spacious covered and uncovered balconies which sole purpose is to secure and maximise the comfortable and private quality of life of its apartment owners. Furthermore, the six floor whole-floor apartment will have a private and luxurious penthouse on the seven floor, with α magical panoramic south-east view of the Mackenzy Beach. Each apartment will benefit from a parking bay and storage room on the ground floor. Residence 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. Project completion is expected to be before the end of the year 2023. Can be built extra 2 rooms.The project is in the early stage of construction.

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. 26441

3 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26441

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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