+ 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. 48150

2

Bedrooms

2

Bathrooms

78 sq.m.

Square

Parameters

Property Description

Located in a sought-after residential area in the south-western part of Larnaca (Cineplex area), this four-story development consists of just eight thoughtfully designed apartments—two units per floor—all overlooking a large public green park. The building’s architectural design reflects a contemporary aesthetic with clean lines, high-quality materials, and a seamless integration into the surrounding neighborhood.

Each apartment features two bedrooms and two bathrooms, with spacious interiors enhanced by large windows that maximize natural light and connect residents to the park views outside. The top-floor units enjoy exclusive access to private rooftop terraces, offering a panoramic perspective of the famous Larnaca Salt Lake—ideal for year-round outdoor enjoyment.

The property is surrounded by a well-established community and is positioned close to private schools, medical facilities, and retail outlets. With easy access to main roads and highways, residents can quickly reach key destinations such as the airport, beaches, shopping centers, and downtown Larnaca.

Apartments are equipped with energy-efficient features including solar panels for water heating, double-glazed windows, and weather insulation. Private covered parking and individual storage rooms are available for each unit. The building also includes a silent elevator, video intercom system, and electric gate access to the parking area.

Designed with functionality and comfort in mind, this development provides an ideal living space for couples, professionals, and small families seeking both quality and location in one of Larnaca’s most vibrant districts.

The main features of the project and the units:

• Located in the Cineplex area, Larnaca
• 4-story residential building with 8 apartments (2 per floor)
• All units overlook a large public green park
• Two-bedroom, two-bathroom apartments
• Top-floor units with private roof terraces and Salt Lake views
• Covered parking for each unit
• Private storage room for each apartment
• Modern, energy-efficient building design
• Contemporary interiors with open-plan layouts
• Double-glazed aluminum windows and sliding doors
• Solar panels for hot water
• A/C provision in all rooms
• Video intercom system
• Lift with noise reduction technology
• High-quality finishes: ceramic tiles, MDF doors, granite countertops
• Electrical shutters in bedrooms
• Outdoor power sockets on balconies
• 3 minutes to Cineplex entertainment center
• 4 minutes to General Hospital
• 5 minutes to Metropolis Mall
• 7 minutes to Mackenzie and Finikoudes beaches
• 8 minutes to the Salt Lake
• 10 minutes to Larnaca International Airport

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

Features

Storage room

Storage room

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

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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