+ 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%

1 bedroom Penthouse in Aradippou, Larnaka, Cyprus No. 48379

1

Bedrooms

50 sq.m.

Square

Parameters

Property Description

This low-rise residential development offers a selection of apartments in a peaceful location in Aradippou, Larnaca. Situated near the main road and just a few minutes from Metropolis Mall, the project provides convenient access to shopping, schools, and transport links.

The apartments are set in a low-density neighborhood surrounded by modern villas, with open views and calm streets suitable for walking. Residents benefit from proximity to Aradippou’s main commercial avenue, which hosts a range of stores from home goods and lighting to sports equipment.

Each apartment is designed with a functional layout, and select units enjoy private rooftop gardens. The area is located approximately 12 minutes from both Larnaca International Airport and the city’s marina.

The main features of the project and the units:

• Five private rooftop gardens available
• Peaceful residential location in Aradippou, Larnaca
• Surrounded by modern villas and open views
• Walking distance to local shops and amenities
• Few minutes from Metropolis Mall
• Easy access to main roads
• 12 minutes to Larnaca Airport and Marina

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

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