Cyprus and the Schengen Zone: A New Era of Opportunity for Real Estate Investors
Cyprus is making significant progress toward joining the Schengen Zone, with strong political will and positive signals from European institutions. While full accession is not yet guaranteed, the government is in the final stages of technical and legal preparations, and there is growing optimism that Cyprus could soon become part of Europe’s border-free travel area. […]
What Are the Taxes Involved When Buying Property in Cyprus?
When purchasing property in Cyprus, buyers should be aware of several key taxes and government fees. These include Value Added Tax (VAT), Stamp Duty, Property Transfer Fees, and some ongoing local taxes. 1. Value Added Tax (VAT) Standard Rate: 19%Applied to the purchase price of new properties (first sale after construction). Reduced Rate: 5%Available for buyers […]
What are the benefits of using a real estate agent in Cyprus
1. In-Depth Market KnowledgeReal estate agents in Cyprus have expert knowledge of local markets, including property values, trends, and neighborhood insights. They can advise on the best areas for your needs, whether you’re looking for an investment, a family home, or a holiday property. This expertise helps buyers and sellers make informed decisions and avoid […]
How to Buy a Property in Cyprus: Step-by-Step Guide
1. Research the Market and Choose Your Location Decide where in Cyprus you want to buy (e.g., Limassol for business, Paphos for resorts, Nicosia for city life, Larnaca for convenience, Ayia Napa for tourism). Use reputable local real estate agents to view available properties and compare prices. 2. Engage Professionals Licensed Real Estate Agent: Helps […]