+ 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. 26502

3

Bedrooms

3

Bathrooms

113 sq.m.

Square

Parameters

Property Description

This project boasts a very original, affluent and futuristic design of high artistic caliber, with numerous architectural features and exterior finishes. This A’ class energy efficient building comprises 14 spacious apartments with large veranda areas, en-suite bathrooms, large kitchen, covered parking and storage rooms.The project also sports communal adult and kiddy pools, equipped with both outdoor and indoor shower facilities and extensive landscaped green areas. The penthouse is suitable both for the own home and for investment for rent. The penthouse has a roof terrace of 59 sq.m.Very conveniently located in close proximity to the Radisson-Blu hotel, 2 minutes from the beach and within easy walking distance to the town centre with its many shops, restaurants, cafes bars and other local amenities. The location also offers very easy access onto the highway network. However, being set off the main strip, this location offers you all the benefits of quiet residential living while allowing easy and quick access to Larnaca's popular nightlife. The project is at an early stage of construction

Features

Veranda

Veranda

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. 26502

3 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26502

Features

Indoor facilities

Veranda

Veranda

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