Apartment in Larnaca

5770, Cyprus

For Sale

€1,500,000

REF: 796362 €1,500,000


6

5

251 m2

Description

This incredible 6-room penthouse is for sale in a prime location in Larnaca. - Penthouse duplex apartment - Store room - Granit worktops - Fire place - Large covered verandas - Roof garden - Private pool - Italian Kitchen - Kitchen island - Breathtaking unobstructed views - 700m from the beach - Walking distance to all amenities - Excellent capital growth - Long/short-term rental potential - Private pool on 7th floor and communal pool COMPLETED NO VAT There are numerous reasons why buying property in Larnaca, a charming city located on the southeastern coast of Cyprus, is a smart choice.

Larnaca offers a unique blend of natural beauty, rich history, economic potential, and a relaxed lifestyle, making it an appealing destination for investors and individuals seeking a new place to call home. 1. Strategic Location: Larnaca enjoys a strategic location, making it easily accessible from major cities and international destinations.

The city is home to the country's main international airport, providing excellent connectivity to Europe, the Middle East, and beyond. Larnaca is also well-connected to other Cypriot cities, making it convenient for travel within the island. 2. Expanding Economy: Larnaca has experienced significant economic growth in recent years, with thriving sectors such as tourism, shipping, services, and real estate.

The city's strategic location, coupled with government initiatives to attract investment, has created a favorable business environment, presenting opportunities for economic prosperity and job creation. 3. Beautiful Beaches: Larnaca boasts stunning sandy beaches with clear turquoise waters, offering residents and visitors an opportunity to relax, swim, and enjoy water sports.

The city's coastline is dotted with Blue Flag beaches, ensuring high-quality standards and pristine environments. 4. Rich Cultural Heritage: Larnaca is steeped in history and culture, with numerous historical sites and landmarks. The city is home to the Church of Saint Lazarus, an impressive Byzantine church dating back to the 9th century, as well as the Larnaca Salt Lake, a protected area that serves as a habitat for migratory birds.

5. Affordable Property Prices: Compared to other popular destinations in Cyprus, Larnaca offers relatively affordable property prices, making it an attractive option for buyers. Whether you're looking for a beachfront apartment, a traditional village house, or a modern villa, Larnaca provides a range of options to suit different budgets and preferences.

6. Multicultural Environment: Larnaca is known for its welcoming and diverse community. The city attracts a mix of locals, expatriates, and tourists, creating a multicultural environment that fosters cultural exchange and integration. This vibrant community adds to the city's charm and offers opportunities for networking and new friendships.

7. Vibrant City Life: Larnaca offers a vibrant city life with a variety of entertainment options. The city is home to a bustling promenade lined with restaurants, cafes, and shops, where residents can enjoy a leisurely stroll or indulge in local cuisine. Larnaca also hosts cultural events, festivals, and exhibitions throughout the year, showcasing the city's rich traditions and artistic talents.

8. Infrastructure and Amenities: Larnaca boasts modern infrastructure and amenities, including schools, universities, medical facilities, shopping centers, and sports facilities. The city has undergone significant development in recent years, ensuring a high standard of living and convenience for its residents.

In conclusion, Larnaca offers a compelling combination of natural beauty, cultural heritage, economic potential, and a relaxed lifestyle. Whether you're looking for a property investment or a new place to call home, Larnaca provides a welcoming environment and numerous opportunities for growth and enjoyment.
This incredible 6-room penthouse is for sale in a prime location in Larnaca. - Penthouse duplex apartment - Store room - Granit worktops - Fire place - Large covered verandas - Roof garden - Private pool - Italian Kitchen - Kitchen island - Breathtaking unobstructed views - 700m from the beach - Walking distance to all amenities - Excellent capital growth - Long/short-term rental potential - Private pool on 7th floor and communal pool COMPLETED NO VAT There are numerous reasons why buying property in Larnaca, a charming city located on the southeastern coast of Cyprus, is a smart choice.

Larnaca offers a unique blend of natural beauty, rich history, economic potential, and a relaxed lifestyle, making it an appealing destination for investors and individuals seeking a new place to call home. 1. Strategic Location: Larnaca enjoys a strategic location, making it easily accessible from major cities and international destinations.

The city is home to the country's main international airport, providing excellent connectivity to Europe, the Middle East, and beyond. Larnaca is also well-connected to other Cypriot cities, making it convenient for travel within the island. 2. Expanding Economy: Larnaca has experienced significant economic growth in recent years, with thriving sectors such as tourism, shipping, services, and real estate.

The city's strategic location, coupled with government initiatives to attract investment, has created a favorable business environment, presenting opportunities for economic prosperity and job creation. 3. Beautiful Beaches: Larnaca boasts stunning sandy beaches with clear turquoise waters, offering residents and visitors an opportunity to relax, swim, and enjoy water sports.

The city's coastline is dotted with Blue Flag beaches, ensuring high-quality standards and pristine environments. 4. Rich Cultural Heritage: Larnaca is steeped in history and culture, with numerous historical sites and landmarks. The city is home to the Church of Saint Lazarus, an impressive Byzantine church dating back to the 9th century, as well as the Larnaca Salt Lake, a protected area that serves as a habitat for migratory birds.

5. Affordable Property Prices: Compared to other popular destinations in Cyprus, Larnaca offers relatively affordable property prices, making it an attractive option for buyers. Whether you're looking for a beachfront apartment, a traditional village house, or a modern villa, Larnaca provides a range of options to suit different budgets and preferences.

6. Multicultural Environment: Larnaca is known for its welcoming and diverse community. The city attracts a mix of locals, expatriates, and tourists, creating a multicultural environment that fosters cultural exchange and integration. This vibrant community adds to the city's charm and offers opportunities for networking and new friendships.

7. Vibrant City Life: Larnaca offers a vibrant city life with a variety of entertainment options. The city is home to a bustling promenade lined with restaurants, cafes, and shops, where residents can enjoy a leisurely stroll or indulge in local cuisine. Larnaca also hosts cultural events, festivals, and exhibitions throughout the year, showcasing the city's rich traditions and artistic talents.

8. Infrastructure and Amenities: Larnaca boasts modern infrastructure and amenities, including schools, universities, medical facilities, shopping centers, and sports facilities. The city has undergone significant development in recent years, ensuring a high standard of living and convenience for its residents.

In conclusion, Larnaca offers a compelling combination of natural beauty, cultural heritage, economic potential, and a relaxed lifestyle. Whether you're looking for a property investment or a new place to call home, Larnaca provides a welcoming environment and numerous opportunities for growth and enjoyment.
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Property on Map

#LD-ZST-A24

Currency Exchange

5770, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,500,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,500,000 £1,242,465 £1,289,175 £46,710
Property Price € €1,500,000
Minimum cost in the last six months £1,242,465
Maximum cost in the last six months £1,289,175
Fluctuating exchange rates over the last six months could have increased the cost of this property by £46,710

5770, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,500,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,500,000 £1,242,465 £1,289,175 £46,710
Property Price € €1,500,000
Minimum cost in the last six months £1,242,465
Maximum cost in the last six months £1,289,175
Fluctuating exchange rates over the last six months could have increased the cost of this property by £46,710

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £46,710 more.

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