€ 325 000

€ 3 693 / 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 Larnaca, Larnaka, Cyprus No. 48449

Bedrooms

Bathrooms

88 sq.m.

Square

Parameters

Property Description

This residential development in the Saint George area of Larnaca offers one-, two-, and three-bedroom apartments designed with practical layouts and functional spaces. The project features private parking, storage rooms, and spacious verandas for each unit. Top-floor residences include exclusive access to private roof gardens with panoramic city views.

The development provides direct access to the new business district along Lemessou and Eleftherias Avenues. The area offers proximity to public and private schools, Metropolis Mall, Larnaca city center, and the airport—making it suitable for professionals, families, and investors alike.

Each apartment is equipped with modern finishes and includes a dedicated storage unit and parking space.

The main features of the project and the units:

• Location: Saint George area, Larnaca
• 1-bedroom, 2-bedroom, and 3-bedroom apartments
• Covered verandas for each unit
• Private parking and storage for every apartment
• Rooftop garden access for top-floor units
• 500 m to business district (Lemessou Ave)
• 2 km to Larnaca city center
• 5 km to Larnaca International Airport
• 800 m to Metropolis Mall
• 2 km to the nearest beach
• 1 km to private schools
• 800 m to Larnaca General Hospital

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

Features

Storage room

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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

2 Bedrooms

88 sq.m.

+ VAT

2 Bedrooms

2 Bathrooms

88 sq.m.

+ VAT

2 Bedrooms

2 Bathrooms

88 sq.m.

+ VAT

2 Bedrooms

88 sq.m.

+ VAT