€ 265 000

€ 3 442 / 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. 58232

Bedrooms

Bathrooms

77 sq.m.

Square

Parameters

Property Description

This new residential development is located in the sought-after area of Krasa, Larnaca, offering modern and comfortable living in a quiet, well-connected neighbourhood. The project comprises just nine thoughtfully designed apartments, with three residences per floor, providing residents with a pleasant sense of privacy and space.

This particular penthouse apartment features two bedrooms and two bathrooms, including an en-suite shower, together with spacious contemporary living areas, practical layouts and quality finishes. The property also boasts a private 50 m² private roof garden, providing generous additional outdoor space for relaxing, dining and entertaining, ideal for enjoying the Cyprus climate. Designed with both style and everyday functionality in mind, the penthouse also benefits from a private covered parking space and a dedicated ground-floor storage room.

This premium development is set within a peaceful residential neighbourhood, making it an excellent choice for families, professionals or buyers seeking a modern property for permanent residence or investment in Larnaca.

Krasa is a popular residential area on the outskirts of Larnaca, combining a quieter setting with excellent access to the city and surrounding road network. Metropolis Mall, Larnaca General Hospital, supermarkets, schools and everyday amenities are all within a short drive, while convenient highway access connects the area easily with Nicosia and Limassol. Larnaca city centre, the coastline and Larnaca International Airport are also within easy driving distance.