You have decided to buy realty on Cyprus. You see it, you like it. But are you ready for it? The price on the advertisement will not tell you the truth about how much money you have to prepare. But we will. In our new article on Prian.info.
Stamp duty
The stamp duty is a state fee on real estate purchase. It is 0.15% from the first €170 000 of a property cost and 0.2% from the sum above €170 000. You must pay the duty within 30 days after signing and then submit a sale contract to the Land Committee. Registration must take place in two months after the conclusion of the contract or less.
The title fee is a tax for changing of ownership on a property. It is 3% for a contract under €85 000, 5% for a contract between €85 000 to €170 000, and from €170 000 it is 8%.
You can make it lower. Formalization of ownership for 2 or more people reduces the tax due to smaller taxable amount of the property cost on each individual.
VAT
VAT is a value added tax. It’s 19% for properties that got a construction permit before may 1, 2004. As a first-time buyer you are allowed to ask for VAT refund. But only if you have paid VAT on individual properties that were purchased after may 1, 2004. In such case, it turns out that you are exempt from paying two taxes at once – VAT and title fee. The only tax you are obligated to pay is a property purchase tax.
Land plots are not subject to VAT.
Lawyer’s fee
The lawyers fee is about 1% of the property cost + VAT. But you can get a discount on an individual basis, so don’t mind to negotiate.
We are pleased to present to your attention luxurious complex of 29 villas on the first coastline, it will exceed the wildest expectations of modern comfortable housing. Unique architecture combined with the natural beauties of nature allowed us to create a project unlike any other. Complex is located in the picturesque surroundings of Girne,...
Alanya Property Sales
531 508 €
Flat in Limassol, Cyprus
121 sq.m321
Residence
For sale apartment of 121rs in Limassol. The apartment is situated on the 1st floor. consists of 2 bedrooms, living room with kitchen, one bathroom, one WC, one storeroom. Flat has interior layout. The property is subject toe are solar panels for water heating, air conditioning and heating. The owners will be leaving the furniture with the sale....
Mercury Group
748 580 €
Flat in Limassol, Cyprus
160 sq.m432
Residence
For sale apartment of 160rs in Limassol. The apartment is situated on the 2nd floor. consists of 3 bedrooms, living room with kitchen, one bathroom, one shower WC. Flat has interior layout. The property is subject toe are solar panels for water heating, air conditioning and heating. The owners will be leaving the furniture with the sale....
Mercury Group
399 000 €
House in Limassol, Cyprus
150 sq.m33
Residence
Brand New Ready 3-Bedroom House for Sale in Zakaki
3 minutes to Cyprus biggest Cyprus Shopping center -My Mall;
3 minutes to European biggest Casino - City of Dreams Mediterranean; 6 minutes to Silverline Private English School, Limassol;
7 minutes to Cyprus biggest Water Park-Watermania Limassol;
Mercury Group
326 721 €
Apartment in Iskele, Cyprus
78 sq.m321
ResidenceOnline ViewingRemote Transaction
3-room apartment of 78.4 m2 2 minutes from the beach. Due to its unique location, you will live in a quiet place away from the hustle and bustle of the city, but at the same time be close to the entire urban infrastructure and historical attractions. The city center and the Long Beach seashore are just a few minutes' drive away. The complex is...
Leverage Investments
280 046 €
Apartment in Iskele, Cyprus
60 sq.m2
ResidenceOnline Viewing
Two-room apartments with a total area of 60 m2 are presented, located just 250 meters from the sandy beach on the shore of Long Beach. They are located in the immediate vicinity of the city of Iskele and not far from the city of Famagusta. Long Beach is famous for its beautiful beaches, which makes this project an excellent option for investment...
Leverage Investments
114 935 €
Apartment in Famagusta, Cyprus
41 sq.m1
ResidenceOnline Viewing
The city is popular due to its beautiful beaches, the length of the coastline and the clear waters of the Mediterranean Sea. Famagusta is a popular tourist destination, attracting both historical enthusiasts and beach lovers.
The project has many amenities, public activity areas and includes 950 apartments, making it the largest facility in the...
Leverage Investments
245 040 €
Apartment in Famagusta, Cyprus
54 sq.m2
ResidenceOnline Viewing
The complex is located in a picturesque and secluded area, providing peace and tranquility, while being in close proximity to all necessary infrastructure and the EMU University. This is an ideal place for those who appreciate comfort and coziness. The construction is carried out using high-quality materials, and the finishing is carried out...
Leverage Investments
140 023 €
Apartment in Famagusta, Cyprus
54 sq.m2
ResidenceOnline Viewing
The complex is located in a picturesque and secluded area, providing peace and tranquility, while being in close proximity to all necessary infrastructure and the EMU University. This is an ideal place for those who appreciate comfort and coziness. The construction is carried out using high-quality materials, and the finishing is carried out...
Leverage Investments
296 382 €
Apartment in Famagusta, Cyprus
86 sq.m311
ResidenceOnline ViewingRemote Transaction
Long Beach is the pearl of beaches in Northern Cyprus. This is a very popular place for tourists. By the way, there are residential complexes near the beach where apartments are often bought or rented. A huge number of new and new complexes are being built here. The entire infrastructure is within walking distance: shops, swimming pools, bus...
Leverage Investments
99 183 €
Apartment in Famagusta, Cyprus
56 sq.m3
ResidenceOnline Viewing
A wonderful building located in the Canakkale area of Famagusta. Consisting of five floors, it offers a total of 20 spacious 2+1 apartments. Located in close proximity to a busy shopping mall, easy access to a variety of shops, restaurants and entertainment venues. Next to the university, there is also a bank, a pharmacy and a public school.1900...
Leverage Investments
134 189 €
Apartment in Famagusta, Cyprus
51 sq.m211
ResidenceOnline ViewingRemote TransactionCredit
Studio 51 m2 300 meters from the sandy beach. A new comfort class apartment complex located in a picturesque part of the Boaz region, with a clean sandy beach. The apartments are ideal for vacation, rental and permanent residence.
Private sandy equipped beach
VAT and connection of communications are included in the price!
A 15-minute...
Leverage Investments
185 530 €
Apartment in Esentepe, Cyprus
46 sq.m2
ResidenceOnline Viewing
The coast in the Esentepe area is a favorite place to buy a house by the sea or invest in real estate in Northern Cyprus. Here you will find all the necessary modern living conditions, but without the hustle and traffic jams typical of larger cities.
This is a village located on the northern coast east of the city of Kyrenia and is a kind of...
Leverage Investments
302 217 €
Apartment in Esentepe, Cyprus
73 sq.m3
ResidenceOnline Viewing
The coast in the Esentepe area is a favorite place to buy a house by the sea or invest in real estate in Northern Cyprus. Here you will find all the necessary modern living conditions, but without the hustle and traffic jams typical of larger cities.
This is a village located on the northern coast east of the city of Kyrenia and is a kind of...
Leverage Investments
675 612 €
Villa in Esentepe, Cyprus
122 sq.m4
ResidenceOnline Viewing
The coast in the Esentepe area is a favorite place to buy a house by the sea or invest in real estate in Northern Cyprus. Here you will find all the necessary modern living conditions, but without the hustle and traffic jams typical of larger cities.
This is a village located on the northern coast east of the city of Kyrenia and is a kind of...
Leverage Investments
182 730 €
Apartment in Famagusta, Cyprus
46 sq.m222
ResidenceOnline ViewingRemote Transaction
Boaz is known for its harbor, along which there are numerous fish shops and restaurants where fresh fish is always served.
The studio is 46 square meters. This apartment is located in a beautiful and new complex just 649 meters from the sandy beach.
Cozy in a beautiful new complex located near the sandy beach. This apartment offers a...
Leverage Investments
144 107 €
Apartment in Alsancak, Cyprus
70 sq.m322
ResidenceOnline ViewingRemote Transaction
Alsancak is a city that is of interest to both vacationers and those who have decided to live in Cyprus permanently. It is located 10 km west of the center of Kyrenia.
Alsancak is known for its traditional Cypriot atmosphere, stunning landscapes, mountain and sea views, beautiful villas and apartments, popular beaches, restaurants and shops in...
Leverage Investments
232 205 €
Apartment in Famagusta, Cyprus
94 sq.m311
ResidenceOnline ViewingRemote Transaction
Long Beach is the pearl of the beaches in Northern Cyprus. This is a very popular place for tourists. By the way, there are residential complexes near the beach where apartments are often bought or rented. A huge number of new and new complexes are being built here. The entire infrastructure is within walking distance: shops, swimming pools, bus...
Leverage Investments
196 032 €
Apartment in Iskele, Cyprus
96 sq.m311
ResidenceOnline ViewingRemote Transaction
Two-bedroom apartment of 96 m2 just 600 meters from the beach "Long Beach". It is not only close to the sea, but also a beautiful promenade for 3 km! Nearby there is everything for comfortable living and recreation: parking, indoor and outdoor pools, playgrounds, fitness center, shop, cafe and restaurant on site Everything is made with high...
Leverage Investments
111 435 €
Apartment in Famagusta, Cyprus
61 sq.m211
ResidenceOnline ViewingRemote Transaction
We present you a furnished studio of 61 m2 in a beautiful complex. The studio is equipped with all necessary furniture and household appliances, including a stove, refrigerator and washing machine, as well as dishes, cutlery and bed linen. Located just 600 meters from the popular sandy beach of Long Beach, offering all conditions for relaxation...
145 sq.m., 3 bedrooms, built in 2010.
The land plot is 750 sq.m. in Coral Bay (a suburb of Paphos).
Price - €360 000
Property purchase tax - €22 000
Stamp duty - €630
Lawyer’s fee - €3 600
Total amount of extras: €26 230
