+ 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 Larnaka, Cyprus No. 58277

2

Bedrooms

2

Bathrooms

80.5 sq.m.

Square

Parameters

Property Description

This modern two-bedroom penthouse forms part of a new residential development of just eight apartments, conveniently located in the established Sotiros area of Larnaca.

The apartment offers spacious and well-planned interiors, featuring an open-plan living and dining area with a contemporary layout designed for comfortable everyday living. It comprises two bedrooms, including a master bedroom with an en-suite shower, together with a main bathroom.

A generous covered veranda provides additional outdoor living space, while the property is further enhanced by a private 51 m² roof garden, offering an ideal setting for relaxing, outdoor dining and enjoying the Cyprus sunshine. The apartment also benefits from lift access, private parking and a dedicated storage room.

Sotiros is a well-established residential area of Larnaca, offering excellent everyday convenience with supermarkets, schools, private medical facilities, shops, bakeries and other essential services all close by. The location provides easy access to the city centre, with Finikoudes Beach approximately 5-7 minutes’ drive away, while Larnaca International Airport can be reached in around 10–15 minutes by car. Metropolis Mall, the New Marina area and the main road and motorway network are also within easy reach.

Features

Plastic windows with double glazing

Plastic windows with double glazing

Thermal and sound insulation of walls

Thermal and sound insulation of walls

Solar panel for water heating

Solar panel for water heating

Air Conditioners

Air Conditioners

Built-in closet

Built-in closet

Storage room

Storage room

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2 bedrooms Apartment in Larnaka, Cyprus No. 58277

2 bedrooms Apartment in Larnaka, Cyprus No. 58277

Features

Features

Plastic windows with double glazing

Plastic windows with double glazing

Thermal and sound insulation of walls

Thermal and sound insulation of walls

Solar panel for water heating

Solar panel for water heating

Air Conditioners

Air Conditioners

Built-in closet

Built-in closet

Indoor facilities

Storage room

Storage room

Covered parking

Covered parking

Outdoor features

Transport accessibility

Transport accessibility

Garden

Garden

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