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Acquiring Property in Cyprus
Foreign buyers, especially those from the UK, often assume that because legal and financial systems are based on the same principles as those in the UK, house-buying procedures will be the same. Cyprus land law and UK land law and the associated procedures aren’t the same. It’s wise to employ the services of a recommended local lawyer even before you find a propert...
Cyprus Property Taxes, Fees and Rates
On any financial gains from disposal/sale of Immovable Property situated in Cyprus, Capital Gains Tax will be imposed at the rate of 20% with the first €17,086 being exempt for each person. The gain is the difference between the sales proceeds and the original cost of the property. In the case of a property which was purchased before 1st January 1980, ...
The history of Cyprus is one of the oldest in the world and dates back to the 7th century B/C. The arrival of the Mycenaean Greeks at first, followed by the Achaean Greeks has given Cyprus the typical Greek character. The Island has four major cities, Nicosia as the Island’s Capital, then Larnaca as the Island’s main airport, then Limassol as the Islands main seapor...
Levels of Service offered •Full Management•Letting Only This is our inclusive Service, which provides for the marketing of the property and carrying out viewings, leading to the introduction and vetting of a prospective Tenant. This proving satisfactory, we then go ahead and prepare the tenancy agreement, and if required an inventory. The Tenant will then be c...
Процедура покупки недвижимости на Кипре
Процедура приобретения недвижимости на Кипре достаточно проста. Жилую недвижимость на Кипре могут покупать иностранные как физические, так и юридические лица. Единственное ограничение - иностранный гражданин имеет право приобрести на свое имя 2 объекта площадью не более 4014 кв. м. Если есть желание приобрести больше тогда надо открывать юридическую компанию и записывать недвиж...
BENEFITS OF PR
Cyprus boasts a rich and diverse culture, mild Mediterranean climate, a safe and stable setting which is ideal for raising families, and perfect location for business and travelling. Investors also look at Cyprus for business and investment purposes recognizing numerous investment opportunities. Permanent Residence gives investors and their families visa free travel to Cypru...
Cyprus Council of Ministers approved the reduction of the property tax by 50%
On Wednesday, June 1, 2016 the Cyprus Council of Ministers approved the reduction of the tax on all real estate transactions by 50% and abolished the property tax collected by municipalities. It is reported portal Syprus Buyers are the Property ."Today we have taken an important step in the direction of tax reform and reducing the tax burden for individuals and corporations", -...
Cost of Buying a Property in Cyprus
Cyprus has a flourishing property market, particularly since joining the European Union in 2004. Foreign buyers, especially British retirees, have traditionally been attracted to Cyprus because of the relatively low cost of property compared with many other European countries. This is still the case, although prices have risen faster since 2000. On average, prices...
Buying property in Cyprus
The island has always been a popular location with British buyers, especially retirees, and almost 30,000 of them own homes there, a further 10,000 choosing to rent properties. However, estate agents are now seeing an increased demand from younger people with young families who want to work or start a business. Those who have lived in Cyprus for many years and been used to a s...
What you should check before buying
There are a number of essential checks to be made before you buy a home in Cyprus. These should all be made by your lawyer, but you should be aware of them so that you can ask your lawyer the right questions at the right time. Make sure that the vendor is the legal owner of the property and that there are no outstanding debts relating to it, such as a mortgage. This is done ...
24, Gladstonos Street, Poullet Court Office 4-5, 8046 Paphos, Cyprus - Tel: +357 26 938900
FAE BlueSky Houses Ltd Reg. No. 819 & License No. 217/E
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