+ 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%

2 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26678

2

Bedrooms

2

Bathrooms

83 sq.m.

Square

I quarter, 2026

Completion date

Parameters

Property Description

A 2 BD penthouse for sale on the 4th floor has a large roof 55sq.m. garden in a new residential project in the very exclusive and prestigious Faneromeni area in Larnaca overlooking the Larnaca Salt Lake less than 10 minutes walking to Finikoudes, Larnaca, 10 minutes drive to Larnaca Airport. The project boasts eight two-bedroom and two-bathroom apartments- all with spacious and contemporary living areas. The fourth-floor penthouse of two bedrooms and two bathrooms benefit from large covered balconies to owners who prefer luxury living and benefit from a large bar and barbecue area on the roof garden and panoramic views of the Famous Larnaca Salt Lake. Each apartment has one parking bay and a storage room on the ground level.The lovely residential neighbourhood is quiet and family orientated surrounded by large luxury houses and residential properties. The project is very near to supermarkets, and private schools such as the American Academy and with easy access to highways to Nicosia, Limassol, Paphos and Ammochostos. The Famous Larnaca Salt Lake and Cineplex Entertainment Complex is in close proximity.This residence has been fully designed and studied by a professional team of Architects, Engineers and Interior Designers. The modern design makes excellent use of features like top-quality Italian ceramic finish, unique glass balconies and clever layout of living areas designed to offer optional space, privacy and also a view of the prestigious neighbourhood and Famous Larnaca Salt Lake.The project will have an energy efficiency of grade “A” since photovoltaic panels will be installed on the roof in order to produce renewable energy. The photovoltaic panels through “net metering” will make sure owners benefit from significant savings in electricity consumption.The project is in the early stage of a construction

Features

Veranda

Veranda

Barbecue area

Barbecue area

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

2 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26678

2 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26678

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Barbecue area

Barbecue area

Car park

Car park

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