Property Ownership

European citizens are entitled to a freehold ownership of a property in Cyprus. There is a possibility a change in the legal system will increase demand of real estate sharply reflecting on property prices. Moving on plots of land can purchase unlimitedly.

Individuals who acquired or temporary permit can register in their name as many properties as they want provided that they sign a confirmation to the government that they will stay for the following five years in Cyprus.

Non Europeans are entitled to a freehold ownership of a villa, an apartment or a piece of land, with maximum allowed extend of 4014 m2

Foreign companies can acquire premises for their business or for holiday home for their directors.

Comparison Table For Property Buying Cost
 
Country Cost in Cyprus 
Portugal 20%-30% lower
Spain 30%-40% lower
Italy & France 50%-60% lower

 

Legal & Financial
Residence Permit
Property Ownership
Mortgage Finance
Transfer of Ownership
Immovable Property Tax
Capital Gains Tax
Stamp Duty
Value Added Tax
Transfer Fees
Personal Income Tax
Double Tax Treaties
Duty Free Benefits
Insurance

 

 
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