3 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 52980

3

Bedrooms

2

Bathrooms

117 sq.m.

Square

+ 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%

Parameters

Property Description

Situated in one of Larnaca's most sought-after neighbourhoods, this exceptional penthouse is within walking distance of the historic Larnaca port and the future site of the new city marina — a landmark development set to transform the waterfront and the wider area. The Palm Tree Promenade, the beach, and the town centre are all less than a five-minute drive away, while banks, schools, supermarkets, pharmacies, cafes, and restaurants are accessible on foot.

The penthouse stands out for its water underfloor heating throughout — a hallmark of top-tier residential construction — paired with a full smart home system and an integrated photovoltaic installation for energy self-sufficiency. Interiors are finished to an exceptional standard: an A-grade kitchen with granite worktops, a pressurised water system, and a comprehensive air conditioning setup that includes duct-type units in the living area and kitchen and individual units in each bedroom.

An expansive roof garden crowns the property, extending private outdoor living space across the top of the building. Further features include covered parking, a dedicated storage room, thermal insulation, and a main entrance security camera system.

The main features of the project and the unit:

- Water underfloor heating throughout
- Smart home system
- Photovoltaic system
- Roof garden
- A-grade kitchen with granite worktops
- Duct-type air conditioning in the living area and kitchen; individual units in all bedrooms
- Covered parking
- Storage room
- Pressurised water system
- Thermal insulation
- Main entrance security camera

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

Features

Storage room

Storage room

Car park

Car park

Statistics

€ 3 329

Price per sq.m.

166

Quality of Life Index

53

Cost of Living Index

Choose a city for comparison

Parameters

Larnaca

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

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Features

Indoor facilities

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Storage room

Outdoor features

Car park

Car park

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