€ 700 000

€ 8 537 / 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%

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 39356

Bedrooms

Bathrooms

82 sq.m.

Square

Parameters

Property Description

Listing is for a Two Bedroom Penthouse Apartment with Roof Terrace located on the Seventh Floor.

This exciting new residential project is ideally located in the Port Area of Larnaca, one of the city’s most promising and rapidly evolving districts. Positioned close to the two largest mega developments ever undertaken in Cyprus—the Larnaca Marina & Port Redevelopment and the visionary Land of Tomorrow—this residence offers a unique opportunity to invest in a future landmark location.

The prime setting ensures excellent connectivity, with immediate access to the main highway network linking Larnaca to all major cities and key destinations across Cyprus. Daily conveniences, services, shops, and lifestyle amenities are all in abundance within the surrounding area, making this an exceptionally practical and desirable place to live.

Designed to offer urban, contemporary city living with a sense of calm and privacy, the project features a flowing, linear façade that creates a modern architectural statement. Residents are invited to escape the pace of the city and unwind in thoughtfully designed single-floor apartments that emphasize comfort, light, and serenity.

Although the development is located on the third line from the sea, its central position between neighboring plots ensures unobstructed sea view gaps of approximately 6 to 10 meters.

The development comprises just seven exclusive single-floor apartments, each with a dedicated parking space. Sea views are available from all levels, while the penthouse stands out with an internal staircase leading to an impressive private roof terrace—perfect for entertaining, relaxing, and enjoying panoramic views of the Mediterranean.

This is a rare opportunity to secure a modern residence in a high-growth area, combining location, lifestyle, and long-term investment potential.

Estimated Completion End of November 2026

Reg. No. 1052 – Lic. No. 512/E