Yes, you can. Locals and foreigners can buy property in Cyprus. Moreover, it is an easy and simple procedure compared with other EU countries. Cyprus welcomes foreign nationals.  EU citizens have no restrictions. EU citizens can register an unlimited amount of properties. Non-EU citizens can buy an apartment or a house, or a plot of…

To buy a property in Cyprus is a simple and straightforward procedure (less than 1-3 months). Main steps of buying a property in Cyprus: First, choose your new home from our diverse property collection. Second, we recommend using a lawyer to assist with due diligence and contracts. As agents, we also provide sales agreements and assistance,…

1. VAT  Yet, there is no VAT if you are buying resale property (meaning, purchased from a private individual).  On the other hand, for a new property, a standard VAT rate (19%) applies. Although, a reduced VAT rate ( 5%) is applicable when buying a new residential property. Reduced VAT (5%) Applies if:   First, the…

The reduced rate of 5% applies to contracts that have been concluded from 1st October 2011 onwards provided they relate to the acquisition and/ or construction of residences to be used as the primary and permanent place of residence for the next 10 years.   The reduced rate of 5% VAT applies on the first 200m2…