All Posts in "Real estate purchase" Category

💰 Basic informationThe real estate market in Southern Cyprus is stable, growing, and supported by foreign demand.Investors profit from two main sources of return: Cyprus is a member of the European Union and the Eurozone, offering a safe legal environment, low taxes, and steady demand for both holiday and permanent residences. 📈 Average annual price…

🏢 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…