2 bedrooms Penthouse in Livadia, Larnaka, Cyprus No. 57321

Bedrooms

76 sq.m.

Square

€ 335 000

€ 4 408 / 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

Eight spacious one- and two-bedroom apartments in a calm, prestigious, family-oriented neighbourhood of Livadia, just 500 metres from the beach and a short drive from Larnaca centre, the port and the new marina. The building rises from the first to the third elevation, and the top-floor two-bedroom penthouses feature private roof gardens. Open-concept kitchens, large windows and generous balconies let the interior living space blend seamlessly with the outdoors and the sunset views.

The main features of the project and the units:

• Spacious one- and two-bedroom layouts
• Top-floor penthouses with private roof gardens
• Open-concept kitchens and large windows
• Generous covered and uncovered balconies
• Ground-floor storage room and allocated parking for each apartment
• 500 m to the beach; a 5-minute walk to the American University of Cyprus
• A 3-minute drive to Larnaca centre and port; 15 minutes to the airport

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