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Real Estate & Property in Cyprus
Whether buying, selling, or leasing property in Cyprus, our experienced conveyancing team ensures your transaction is smooth, secure, and legally sound.
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Frequently Asked Questions
Yes, EU citizens can purchase property in Cyprus without restrictions. Non-EU citizens need permission from the Council of Ministers, which is generally granted for one property (house or apartment) up to a certain size. The process typically takes 2-3 months.
Property transfer fees are calculated on a sliding scale: 3% on the first EUR 85,000, 5% on the next EUR 85,001 to EUR 170,000, and 8% on amounts above EUR 170,000. A 50% reduction applies when purchasing from a developer subject to VAT.
A typical property purchase takes 1-3 months from signing the contract to completion, depending on whether title deeds are available. If title deeds need to be issued, the process may take longer. We recommend conducting thorough due diligence before committing to any purchase.
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Buying or Selling Property in Cyprus?
Contact Philippou Law Firm for expert legal guidance on your property transaction, from due diligence to title deed transfer.
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