Real Estate & Proprietăți in Cyprus

Da, EU citizens can purchase property in Cyprus without restrictions. Nun-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.

Proprietăți 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.