+ 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%

1 bedroom Penthouse in Larnaca, Larnaka, Cyprus No. 26623

1

Bedrooms

2

Bathrooms

50.9 sq.m.

Square

I quarter, 2024

Completion date

Parameters

Property Description

A new project in a promising area of New Marina. Modern layout, stylish decoration of the building, living room with open plan kitchen. Near the complex green area. Supermarkets Lidl and Stelios 5 minutes’ drive. Infrastructure nearby. Also, the school and Park are nearby. A Project is offering a penthouse with 1 bedroom ( also can be built extra 1 room) and 2 wc on the fourth floor. Spacious, bright rooms, living rooms with an open plan kitchen. Finishing materials and high-quality plumbing. A penthouse is offering a roof garden of 59.3 sq.m.The complex is located near the urban infrastructure. An amazing location gives a great perspective to a project since in future will be building the biggest New Marina in Cyprus in the area of the location of the project. The centre with the shopping and yachts will moves to the new region and the apartment price will growing up. The project is located 10 mins from Larnaka. Located in a calm and prestigious neighbourhood. 3min away from the beach Also, you can find the easiest highway to the cities:Nicosia,Limassol, Aia-Napa.The project is at an 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

1 bedroom Penthouse in Larnaca, Larnaka, Cyprus No. 26623

1 bedroom Penthouse in Larnaca, Larnaka, Cyprus No. 26623

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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