€ 320 000

€ 4 156 / 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 Apartment in Larnaka, Cyprus No. 50220

Bedrooms

Bathrooms

77 sq.m.

Square

Parameters

Property Description

Located in the highly sought-after Metropolis Mall area of Larnaca, just 300 meters from the mall, private schools, and supermarkets, and only a few minutes’ drive from the city center, this new residential development offers an ideal location for modern living. The project consists of spacious one- and two-bedroom apartments with contemporary design, Italian ceramic finishes, glass balconies, and smart layouts that maximize space and privacy.The building will have Energy Efficiency Grade A with thermal insulation, thermal façade and rooftop photovoltaic panels (net metering) ensuring reduced electricity costs.

The penthouse apartment for sale is located on the 3rd floor in Aradippou and offers 77 sq.m. of internal space. It comprises 2 bedrooms (1 Master), 2 bathrooms & 2 WC, a kitchen, a living room and feature private roof garden with lovely neighborhood and sea views. The property includes 1 covered parking space, solar water heater, thermal break windows, and Energy Certificate Grade A. Newly built and under construction, this bright, airy, dual-aspect penthouse features modern minimal design and is ideal for investment or rental income.

The property includes: