€ 300 000

€ 3 529 / 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. 48714

Bedrooms

Bathrooms

85 sq.m.

Square

Parameters

Property Description

Located in the General Hospital area of Larnaca, this three-story residential development offers a total of nine apartments, including a mix of one- and two-bedroom units. Three of the apartments are penthouses, each featuring private rooftop gardens. The project is designed with an emphasis on efficient layouts and durable, high-quality materials.

The building is situated in a quiet neighborhood with convenient access to key city amenities, including supermarkets, bakeries, schools, and public services. Its location provides excellent connectivity—just 10 minutes from Larnaca International Airport and the city center, 2 minutes from Metropolis Mall, and within 35 to 45 minutes of major cities such as Nicosia, Limassol, Ayia Napa, and Paralimni.

Designed for both residential living and investment, each apartment offers bright, functional spaces tailored to everyday needs. The architecture prioritizes modern design standards, while the surrounding area ensures a comfortable and practical urban lifestyle.

The main features of the project and the units:

• Three-story residential building
• Total of 9 apartments
• 6 two-bedroom apartments
• 3 one-bedroom apartments
• 3 penthouses with private roof gardens
• Located near Larnaca General Hospital
• 2 minutes from Metropolis Mall
• 10 minutes from Larnaca Airport and city center
• 35–45 minutes from Nicosia, Limassol, Ayia Napa, and Paralimni
• Quiet residential area
• Close to supermarkets, bakeries, and schools
• Ergonomic interior layouts
• High-quality construction materials

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

85 sq.m.

+ VAT

2 Bedrooms

85 sq.m.

+ VAT

2 Bedrooms

2 Bathrooms

85 sq.m.

+ VAT

2 Bedrooms

85 sq.m.

+ VAT