In recent years the country's authorities have been actively reducing taxes in an effort to attract capital to the housing sector. Both local and foreign buyers benefit from this.
In most European countries property owners have to pay annual taxes regardless if their citizenship. Cyprus is no exception. There is no differences between locals and foreigners in terms of fines or discounts.
Immutable Property Tax (IPT)
Until 2017, the main tax levied on all property owners in Cyprus was called the Immutable Property Tax (IPT). It was paid annually until September 30 and calculated based on the cadastral value of the property (and it is 5-15 times lower than the current market value).
Since January 1, 2017, the IPT property tax has been cancelled for owners of all types of housing (apartments, townhouses, villas). Nobody can tell how long it’s going to last. Every now and then, suggestions bring the cadastral valuation in line with the market price of real estate and collect taxes from this amount are put forward. Keep an eye on the news.
The second fee is called the municipal property tax or garbage collection tax (Local property tax). These funds are used for street cleaning, sewerage, and city lighting.
Its size depends on the region where the property is located, as well as on the cadastral value. For example, the rates in Limassol are 0.024% for every thousand in the cost of housing, in Larnaca - 0.023%, in Paphos - 0.019%.
Since 2017, the part of the owners ' payments have increased several times. However, these costs are relatively small. As a rule, the payment for this tax is €50 - 300 per year.
Residential Property For Sale
105 152 €
Apartment in Iskele, Cyprus
48 sq.m211
ResidenceOnline ViewingRemote Transaction
Studio of 48 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 quality, suitable...
Leverage Investments
122 677 €
Apartment in Iskele, Cyprus
53 sq.m211
ResidenceOnline ViewingRemote TransactionCredit
2-room apartment of 53 m2 in a 2-minute drive 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...
Leverage Investments
64 259 €
Apartment in Guzelyurt, Cyprus
30 sq.m2
ResidenceOnline Viewing
Gaziveren is a picturesque town in the northern part of the island, where the entire urban infrastructure is at your service, there are many shops, cafes and restaurants.
Three buildings in a modern style, in the complex you will find a variety of apartments 2+1, 1+1, 1+0 with different layouts and squares, there are also apartments with...
Leverage Investments
89 963 €
Apartment in Guzelyurt, Cyprus
45 sq.m2
ResidenceOnline Viewing
Gaziveren is a picturesque town in the northern part of the island, where the entire urban infrastructure is at your service, there are many shops, cafes and restaurants.
Three buildings in a modern style, in the complex you will find a variety of apartments 2+1, 1+1, 1+0 with different layouts and squares, there are also apartments with...
Leverage Investments
225 493 €
Apartment in Guzelyurt, Cyprus
70 sq.m3
ResidenceOnline Viewing
Gaziveren is a picturesque town in the northern part of the island, where the entire urban infrastructure is at your service, there are many shops, cafes and restaurants.
Three buildings in a modern style, in the complex you will find a variety of apartments 2+1, 1+1, 1+0 with different layouts and squares, there are also apartments with...
Leverage Investments
175 254 €
Apartment in Kyrenia, Cyprus
75 sq.m3
ResidenceOnline Viewing
An apartment with two bedrooms and a living room. There is a garden on the ground floor of the apartments, and a terrace on the second floor. Both places have a mini-bar and everything you need for a barbecue. And the best part is the communal pool between the two blocks. It is located in the city of Lapta, which is famous for its snow-white,...
Leverage Investments
128 402 €
Apartment in Kyrenia, Cyprus
78 sq.m2
ResidenceOnline Viewing
Karshiyaka is a cozy village located just 20 km from the historical center of Kyrenia, surrounded by lemon and olive groves. This is a great place to purchase real estate and move to permanent residence: quiet, calm and charming. Previously, Karshiyaka was practically without foreigners until the early 2000s. However, a construction boom has...
Leverage Investments
274 564 €
Apartment in Famagusta, Cyprus
150 sq.m432
ResidenceOnline ViewingRemote Transaction
We are pleased to present you a new apartment complex, which will consist of 56 exclusive apartments, will be located just 5 minutes from the beach, include a wide range of infrastructure and all this in installments of up to 60 months!
Real estate in Northern Cyprus, in the minds of our clients, has always been associated with clean air,...
Leverage Investments
196 284 €
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
105 736 €
Apartment in Iskele, Cyprus
46 sq.m211
ResidenceOnline ViewingRemote Transaction
Studio apartment with an area of 46m2 + a balcony of 8 m2 in a SPA complex 1100 meters from the beach. This 5* resort complex is located on the coast of Long Beach, which stretches along the eastern coast of Cyprus. The apartments are built to the highest standards. The developed infrastructure includes everything for cultural and active...
Leverage Investments
111 578 €
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 household appliances, including a stove, refrigerator and washing machine. Located just 600 meters from the popular sandy beach of Long Beach, offering all conditions for relaxation and comfort. The complex has a mini golf, sauna, gym and indoor...
Leverage Investments
132 024 €
Apartment in Kyrenia, Cyprus
43 sq.m211
ResidenceOnline ViewingRemote Transaction
The complex will be built in a very quiet and cozy place. The complex will have 4 blocks of apartments (2 floors + roof terrace)
Due to the cascading development area, all apartments will have a sea view
Large communal swimming pool, Landscaping and landscaping of the complex. There is a beautiful swimming bay nearby. The studio has a spacious...
Leverage Investments
247 692 €
Apartment in Esentepe, Cyprus
75 sq.m321
ResidenceOnline ViewingRemote Transaction
Two-room apartment of 75 m2 with a terrace and 10 m2. This is an ideal offer for those who dream of living on the shores of the Mediterranean Sea. The complex will be built in an amazingly beautiful location, right by the shore, providing stunning views of the sea and mountains. It will feature various apartments of different sizes and layouts,...
Leverage Investments
338 707 €
Apartment in Kyrenia, Cyprus
90 sq.m3
ResidenceOnline Viewing
In the city of Bellapais there is a beautiful two-bedroom apartment of 90 m2, fully furnished with all necessary furniture and appliances. The spacious and bright living room with large panoramic windows, the kitchen is decorated in gray tones and equipped with an electric stove, kettle, oven, microwave and refrigerator. The bedrooms are also...
Leverage Investments
338 824 €
Apartment in Famagusta, Cyprus
75 sq.m322
ResidenceOnline ViewingRemote Transaction
Boaz is known for its harbor, along which there are numerous fish shops and restaurants, where fresh fish is always served.
Two-bedroom Loft apartment with an area of 80 square meters. This apartment is located in a beautiful and new complex just 649 meters from the sandy beach.
Cozy Loft apartment with a spacious roof terrace in a beautiful...
Leverage Investments
196 050 €
Apartment in Esentepe, Cyprus
74 sq.m332
ResidenceOnline ViewingRemote Transaction
Ready-made 3-room apartment of 74m2 with furniture and appliances. The residential complex is located in close proximity to the sea, providing a unique view of the Mediterranean Sea and the Cyrenian Mountains. High quality of construction and finishing materials. The price includes all furniture and household appliances, as well as a landscaped...
Leverage Investments
94 637 €
Apartment in Famagusta, Cyprus
48 sq.m211
ResidenceOnline ViewingRemote Transaction
We present you a furnished studio of 48 m2 with a balcony in a SPA complex just 900 meters from the sandy beach. This complex is located just a 10-minute drive from Famagusta and just 600 meters from the beach. This 5* residential complex is located on the coast of Long Beach, which stretches along the eastern coast of Cyprus. The apartments are...
Leverage Investments
129 688 €
Apartment in Famagusta, Cyprus
75 sq.m2
ResidenceOnline Viewing
One-bedroom apartment of 75 m2, located just 600 meters from the sandy beach on the shore of "Long Beach". They are located in the immediate vicinity of the town of Iskele and just a few minutes drive from Famagusta. Here you can enjoy the proximity to the beautiful beaches and take advantage of all the necessary infrastructure, including...
Leverage Investments
111 578 €
Apartment in Esentepe, Cyprus
56 sq.m2
ResidenceOnline Viewing
3-room apartments with an area of 56m2 are located in a complex on the first line from the sea. A residential complex with an unsurpassed view of the Mediterranean Sea and the Cyrenian mountains. Near the complex there is all the necessary infrastructure for comfortable living and recreation. Not far from the center of Kyrenia, where you can...
Leverage Investments
98 609 €
Apartment in Iskele, Cyprus
52 sq.m1
ResidenceOnline Viewing
A furnished studio of 52 m2 is located in a SPA complex just 600 meters from the sandy beach. This studio is located in a luxury complex that is a 10-minute drive from Famagusta and just 600 meters from the beautiful sandy beach. This 5-star residential complex is located on the coast of Long Beach, which stretches along the eastern coast of...
