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🏢 Basic informationCommercial properties in Southern Cyprus – including shops, offices, hotels, warehouses, and industrial spaces – are among the most stable and profitable investments in the Eastern Mediterranean region. The market is driven by growth in services, tourism, the IT sector, and foreign companies establishing EU branches in Cyprus.The highest demand is for modern…

How the system works When you buy a new property, VAT is payable. The basic (standard) rate is 19%. An individual buying a property as their main and permanent residence can obtain the reduced rate of 5% — but only up to certain limits. Crucially, the rate is determined neither by price alone nor by…

🏛️ Basic informationTransfer Fee is a charge paid when transferring property ownership at the District Land Office.It is equivalent to a “property transfer tax” and is paid only once – when the new owner is registered. This fee applies only in certain cases – not for every purchase.It depends on whether the property was bought…

🏛️ Basic informationUntil 2016, there was a state immovable property tax (Immovable Property Tax – IPT) in Cyprus,which had to be paid by every property owner based on its value as of January 1, 1980. From January 1, 2017, this tax was completely abolished.This means that today, in Southern Cyprus, there is no annual state…