+ 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. 28584

2

Bedrooms

2

Bathrooms

80 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

The residence offers a spacious 2BD penthouse with 2 WC of contemporary architecture ideal for first-time home buyers or as a sound buy-to-let investment.In a penthouse, there is a large roof garden of 65m2.  The Building is located opposite the neighbourhood public green area offering unobstructed views of the area. It's a 4-floor building offering a great location for easy access to all amenities and main roads leading to Nicosia and Limassol. The Building has a class energy certificate A.Commencement of the building is estimated in January 2023 and completion of the building is estimated in the third quarter of 2024Supermarket: 10 minutes by WalkUniversity: 15 minutes by CarSchool: 5 minutes by WalkPark: 1 minute by WalkCinema: 5 minutes by WalkBeach: 10 minutes by CarCoffee shop: 5 minutes by WalkAirport: 7 minutes by CarBus station: 1 minute by WalkHospital: 5 minutes by Car

Features

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. 28584

2 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 28584

Features

Outdoor features

Car park

Car park

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