2 bedrooms Penthouse in Kiti, Larnaka, Cyprus No. 57817

Bedrooms

75 sq.m.

Square

€ 225 000

€ 3 000 / 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 residential building is located in a quiet neighborhood close to Kiti Village centre, providing convenient access to local amenities and village life. The project includes six one-bedroom apartments and two two-bedroom apartments, designed with open-plan layouts and ample natural light. Each unit features modern finishes and thoughtful planning to create comfortable living spaces in a secure and private setting.

The main features of the project and the units:

• Six one-bedroom apartments
• Two two-bedroom apartments
• Open-plan layouts
• Abundance of natural light
• Thermal insulation
• Privacy and secure location
• Modern interior finishes

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

Features

Storage room

Car park