2 bedrooms Penthouse in Oroklini, Larnaka, Cyprus No. 54697

Bedrooms

91 sq.m.

Square

€ 315 000

€ 3 462 / 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%

Parameters

Property Description

This boutique development offers a collection of refined apartments designed for calm and light-filled living.

Deep verandas, open layouts and floor-to-ceiling glass create a seamless connection with nature, while the outdoor pool, lounge areas and curated amenities maintain the resort-style rhythm that defines the project experience.

With panoramic views stretching toward the sea and the city, it offers expanded opportunities for those seeking a quieter, more balanced way of life - minutes from Oroklini Beach and close to Larnaca’s urban comforts.

The Project has EPC certificate with "A" Energy Efficiency Rating.