+ 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. 26748

2

Bedrooms

2

Bathrooms

80 sq.m.

Square

I quarter, 2025

Completion date

Parameters

Property Description

A 2BD penthouse with a large roof garden 59 m2 is for sale, there is a possibility to build an extra 2 rooms.This Residence is a new residential project located in the very exclusive and prestigious Saint George area in Larnaca overlooking the Larnaca Salt Lake less than 3 kilometres to the Larnaca Beachfront Blue Flag Beaches.The project boasts nine two-bedroom apartments. 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, private schools such as the American Academy and with immediate access to highways to Nicosia, Limassol, Paphos and Ammochostos. The Famous Larnaca Salt Lake and Cineplex Entertainment Complex is in close proximity. 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

2 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26748

2 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 26748

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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