+ 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 Aradippou, Larnaka, Cyprus No. 48968

2

Bedrooms

3

Bathrooms

82 sq.m.

Square

Parameters

Property Description

A modern residential development in a central yet quiet area of Aradippou, Larnaca. It offers two-bedroom and three-bedroom apartments designed with a contemporary approach, featuring open-plan kitchens, spacious living areas, and large terraces. The building ensures energy efficiency and high construction standards, providing a comfortable and functional living space. With easy access to major roads, the airport, and the city center, it is an ideal choice for families, professionals, and investors.

The development prioritizes sustainability by using high-quality materials and alternative energy sources, complying with current environmental regulations. Each apartment includes private parking, storage, and provisions for air conditioning. Designed for modern urban living, the project combines practicality with thoughtful architecture, ensuring an excellent residential experience.

The main features of the project and the units:

• Modern two-bedroom and three-bedroom apartments
• Spacious open-plan living areas with large terraces
• Private parking and storage for each unit
• High-quality construction and materials
• Secure entry system with a camera
• Easy access to major roads, the airport, and the city center

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

Features

Storage room

Storage room

Car park

Car park

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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