+ 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. 29383

2

Bedrooms

3

Bathrooms

86 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

The luxury 4 floors block of the highly original and innovative building has a contemporary design that skilfully combines the perfect blend of visionary architecture and ultra-luxurious interiors for the ultimate in contemporary living. This residence is offering a 2 bedrooms Penthouse with 2 WC on the fourth+fifth floor, there is also a possibility to build an extra 2rooms. The location offers city centre living at its best within walking distance of schools, and supermarkets and you can enjoy the quietness of the centre while being a part of it. Superarchitecture, and modern-sized windows, provide stunning views, an impressive designed entrance with special features which stand out video intercom system, and covered parking for all apartments. The airport is only 10 minutes away. The hypermarket is 10 minutes away by car. The premium location allows you to enjoy all the amenities located in the area. According to category A energy efficiency, electricity bills will be significantly lower in the future, which will have a positive effect on the ability to invest in real estate and rent it out in the future. 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. 29383

2 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 29383

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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