€ 315 000

€ 3 938 / 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 Larnaca, Larnaka, Cyprus No. 51218

Bedrooms

Bathrooms

80 sq.m.

Square

Parameters

Property Description

Listing is for a Two Bedroom Penthouse Apartment located on the Third Floor.

This New Residence is an elegant development, strategically positioned in a convenient location just a short distance from the heart of Larnaca — close to the city’s vibrant centre and within easy reach of everyday amenities, dining, shopping and transport links.

This boutique, low-rise building comprises of 10 thoughtfully designed apartments spread across three levels, offering modern Mediterranean living with quality craftsmanship and contemporary finishes:

6 spacious two-bedroom apartments ideal for families, couples or as investment properties.

4 stylish one-bedroom apartments, perfect for young professionals, singles or as holiday homes.

Each residence is designed to maximize natural light, comfort and efficient use of space, creating inviting homes that reflect a relaxed yet refined lifestyle. The building’s architecture blends seamlessly with its urban surroundings, offering residents a balance of privacy and connectivity to the thriving city environment of Larnaca.

The Project presents an excellent opportunity for those seeking a contemporary home or a smart investment in one of Cyprus’s most desirable coastal cities.

The Project is Off Plan - Estimated Completion January 2028.

Reg. No. 1052 – Lic. No. 512/E