Real estate

Why Choose Permanent Residency in Cyprus via Property Purchase? Foreigners who hold a residence permit in Cyprus, i.e. temporary residence, are required to renew it annually or every few years, depending on the conditions under which ...

Cyprus combines European Union membership, a strategic location between Europe, the Middle East and North Africa, a competitive tax framework and a diversified economy, making it one of the region’s leading investment destinations. ...

Buying property in Cyprus is a relatively straightforward process, but buyers should understand several important legal and financial considerations before proceeding. These include whether approval from the District Administration is ...

To buy property in Cyprus, foreign buyers must select a suitable property, complete legal due diligence, sign and register the Sale and Purchase Agreement, fulfil the payment obligations and transfer ownership in accordance with ...

To participate in the Cyprus Permanent Residency by Investment programme, applicants must invest at least €300,000 in an eligible asset, demonstrate a secure annual income from abroad, provide evidence of the lawful source of their ...

Property taxes in Cyprus vary depending on the type of transaction. Buyers of new property generally pay 19% VAT, although a reduced 5% VAT rate may be available for eligible primary residences. Purchasers of resale property typically ...