+ 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 Livadia, Larnaka, Cyprus No. 46445

2

Bedrooms

2

Bathrooms

75 sq.m.

Square

Parameters

Property Description

This residential development is located in the desirable area of Livadia, offering a modern living environment focused on comfort, functionality, and long-term value. The project is designed as a secure gated community, creating a well-organised and private residential setting.

The development includes apartments with spacious open-plan interiors, generous verandas, and high-quality finishes. Selected units benefit from private roof gardens, providing additional outdoor space for everyday use. Communal areas feature landscaped gardens, a shared swimming pool, lounge areas, and facilities suitable for families, including a children’s playroom.

The project consists of a total of 17 apartments, offering a selection of one- and two-bedroom layouts to accommodate different lifestyle needs. Practical features such as covered parking and private storage rooms enhance daily convenience.

The location provides easy access to schools, shops, and main road networks, while being just a short drive from Larnaca city centre, the beach, and the airport. The project is currently under construction, with delivery scheduled for July 2027.

The main features of the project and the units:
• Gated residential development
• Located in Livadia
• Total of 17 apartments
• One- and two-bedroom units
• Open-plan interiors
• Generous verandas
• Selected units with private roof gardens
• Communal swimming pool
• Landscaped gardens
• Lounge areas
• Children’s playroom
• Covered parking
• Private storage rooms
• Under construction
• Delivery scheduled for July 2027

The project has an EPC certificate with “A” energy efficiency rating.

Features

Storage room

Storage room

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+ VAT

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2 Bedrooms

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540 000

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Features

Indoor facilities

Storage room

Storage room

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