€ 300 000

€ 3 371 / 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. 48549

Bedrooms

89 sq.m.

Square

Parameters

Property Description

Located in the Agios Nikolaos area of Larnaca, this residential project offers easy access to the highway and is positioned next to the Cineplex cinema. Supermarkets and daily amenities are within short reach, while the city center and beachfront are just a 10-minute drive away.

The development consists of eight residential units, including 2-bedroom apartments and 2-bedroom penthouses. Each unit is designed with open-plan interiors, providing functional living, kitchen, and dining areas. Private verandas extend the living space outdoors.

Every apartment includes a private parking space and a dedicated storage room on the ground floor. Built-in wardrobes and fitted kitchens are included as standard, along with double-glazed windows and ceramic flooring.

The building is equipped with a solar water heating system, and photovoltaic panels are installed on the roof to improve energy performance. The property meets the criteria for an “A” energy efficiency rating. An intercom system is installed at the main entrance.

The main features of the project and the units:

• Location: Agios Nikolaos, Larnaca
• 2-bedroom apartments and 2-bedroom penthouses
• Unit sizes: 87–90 m²
• Open-plan kitchen, living, and dining area
• 2 verandas per unit
• Private covered parking
• Private ground-floor storage rooms
• Built-in wardrobes and fitted kitchens
• Double-glazed windows and veranda doors
• Ceramic floor tiles
• Solar hot water system
• Photovoltaic system on the roof
• Intercom main entrance

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

89 sq.m.

+ VAT

2 Bedrooms

89 sq.m.

+ VAT

2 Bedrooms

89 sq.m.

+ VAT

2 Bedrooms

2 Bathrooms

89 sq.m.

+ VAT