€ 350 000

€ 3 333 / 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%

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 50956

Bedrooms

Bathrooms

105 sq.m.

Square

Parameters

Property Description

Listing is for a Three Bedroom Penthouse Apartment with Roof Terrace.

This exclusive new residential development comprises just seven elegant apartments, ideally situated in the Sotiros area of Larnaca— close to St. Rafael Hospital, a quiet, well-connected neighborhood offering both comfort and convenience.

The building features a carefully designed selection of 1, 2, and 3-bedroom apartments, each created with modern living in mind. The residence boasts an Energy Efficiency Category A, ensuring sustainability and reduced energy costs.

Residents benefit from covered parking spaces, private storage rooms and panoramic views, all within a peaceful residential setting. Despite its tranquil atmosphere, the property enjoys direct access to main motorway networks, making daily commuting effortless.

A wide range of amenities including, bakeries, supermarket and bank are just a 5-minute walk away, while the new Metropolis Mall is only a 5 minute drive. Larnaca International Airport is conveniently located just 15 minutes away, adding to the property’s appeal for both permanent residents and investors.

This development offers an exceptional blend of privacy, accessibility, and modern urban living in one of Larnaca’s most desirable locations.