+ 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. 26478

3

Bedrooms

2

Bathrooms

122 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

This is apartment project in Larnaka delivering quality both in materials, construction as well as development and convenience due to excellent city location and well designed spacious interiors. The five-storey building comprises of eight spacious two-bedroom apartments and α three-bedroom penthouse on the fifth floor with a private roof garden. Eαch incorporates the lαtest in quality finishes, fixtures and design. Located in Larnaka's most promising area, the This project is situated nearby all lifestyle amenities as well as the city centre, a wide range of shops, supermarkets, schools, banks and other facilities.Thoughtfully designed, all apartments offer open plan spacious living αreαs, with large verandas viewing the city. All apartments include one en-suite master bedroom as well as a second bedroom and an extra bathroom, vast open plan kitchen and living room space with covered verandas. The penthouse projects luxury liνing at its finest offering three bedrooms, one spacious en-suite master bedroom along with two other bedrooms with one shored bathroom and one guest toilet room, comfortable and luxury liνing room area and kitchen with a ο large veranda and one roof garden exclusively for residents of the penthouse.First-class living experienceThis is an energy efficient category Α residence project that provides a first-class living experience. The project also offers several green features such as greenery spots οn each floor, a roof garden and a green area at the rear of the building. The ground floor consists of one parking space for eαch apartment as well as a storage unit and the building offers a secure barrier entrance for the residents security and safety.

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. 26478

3 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26478

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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