€ 600 000

€ 5 085 / sqm

+ 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%

3 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 34035

Bedrooms

Bathrooms

118 sq.m.

Square

III quarter, 2025

Completion date

Parameters

ID

34035
City

Cyprus
Type

Penthouse
Status

Off-plan
Veranda type

Open and covered
Access

Private
Bedrooms

3
Floor

5
Total floors

6

Bathrooms

3
Square

118 sq.m.
Land area

72 sq.m.
Veranda area

81 sq.m.
To sea

1.3 km
To city center

350 m
To airport

5.3 km
Completion date

III quarter, 2025
Completed

No

Property Description

Living in a penthouse in Larnaca offers many benefits. Firstly, this is a unique opportunity to enjoy stunning views of the endless sea and picturesque city landscape. You can enjoy your morning coffee every day on the terrace while admiring the magnificent sunrise over the Mediterranean Sea.

Secondly, a penthouse in Larnaca is an investment with high investment attractiveness. Real estate in Cyprus is steadily increasing in price, which makes purchasing a penthouse not only a decision in favor of comfortable living, but also a profitable investment step.

Each apartment will have a parking space and a storage room on the ground floor.