€ 235 000

€ 2 866 / 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 Penthouse in Kiti, Larnaka, Cyprus No. 48176

Bedrooms

Bathrooms

82 sq.m.

Square

Parameters

Property Description

This residential development consists of two contemporary low-rise buildings, offering a total of 16 apartments. The project includes 8 one-bedroom units, 4 two-bedroom units, and 4 two-bedroom penthouses, each with its own private rooftop terrace.

Positioned in a quiet green neighborhood and directly across from a public park, the project offers a practical living environment with quick access to everyday amenities. Schools, supermarkets, pharmacies, cafés, and restaurants are all within a short walking distance.

The internal layout of each apartment emphasizes functionality and natural light. Open-plan kitchens and living areas are complemented by modern finishes and durable materials. Each unit is designed for efficient use of space and comfort, making it suitable for individuals, families, or those seeking rental investment opportunities.

The project’s location in Kiti, an area experiencing steady growth and increasing property values, provides a long-term investment opportunity. Proximity to major transport routes and the international airport ensures convenience for both residents and visitors.

The main features of the project and the units:

• Two buildings with a total of 16 apartments
• 8 one-bedroom apartments
• 4 two-bedroom apartments
• 4 two-bedroom penthouses with private rooftops
• Adjacent to a public park
• 2 minutes to Kiti Square
• 3 minutes to Lidl Supermarket
• 5 minutes to Larnaca International Airport
• 7 minutes to Makenzy Beach
• 15 minutes to Larnaca city center
• Functional layouts with modern finishes
• Located in a growing residential area with rising property values
• Suitable for homeowners and investors

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