The temperate climate, spectacular beaches and friendly atmosphere made Cyprus a popular choice among foreign tourists and buyers of real estate for many years. Some of its areas: Limassol, Larnaca, Paphos and others.are very popular among those who want to buy property in Cyprus. The real estate market in this country is experiencing a kind of renaissance in recent years. Accommodation at reasonable prices is still available to foreign investors.

Before buying a property in Cyprus, you should consider and determine for themselves the key issues. First, determine the budget for the purchase and try not to go beyond it. Also, think about the fact, in what area you want to live.To do this, try to learn more about each of them.

Look at the options of proposals in this section on our website. To narrow the search, set the most important criteria with respect to the desired property.To accompany the transaction, choose proven real estate agency. Property Manager you can set all your concerns.For example, what to consider when buying property in Cyprus, as the move to relocate here, how to maintain and improve their properties.

Features acquisition

Buying Property in Cyprus has a number of features.Although it looks complicated at first glance, but it's worth it. A piece of paradise amidst the beautiful sea you will pay off handsomely.

So, you should be aware that foreign buyers should be extremely careful and to exercise extreme caution when buying a home, carefully check all data.Therefore, prior to the acquisition of better find a qualified real estate agent and a lawyer to help you in this difficult case.If you have already purchased a property or land and encountered difficulties, you should seek qualified independent legal advice about your rights and protection methods.

Keep in mind that when purchasing property in Cyprus are paid various fees, although they are among the lowest in Western Europe. As a rule, account for about 10 percent of the purchase price.In particular this includes a lawyer, it is highly recommended. How much you need to spend it depends on the value of the property and the sale of complexity.To protect themselves from trouble, you need to: check the planning and construction permits, whether the land is suitable for building (if required), drafting contracts, registration of contracts, as well as obtaining permission to purchase from the CouncilMinisters.

Also you have to pay stamp duty, which is levied on contracts of purchase and sale of real estate at specified rates. So, to the value of the property in the amount of up to € 170860 applies tax of 0.5%, in excess of this amount, the tax rate will be 0.2%.

Transfer of property to foreigners requires the permission of the Council of Ministers, with the exception of EU citizens permanently residing in Cyprus.It's all very formal, especially since Cyprus joined the European Union, and any bona fide guest country this decision is usually approved automatically.

To the above fees are also included: value-added tax, property tax (annual) and so forth.

Real Estate in Cyprus

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For sale: home

Cyprus

292 m² (total), 10 hundreds sq. m.
15 284 956 грн.
9364-692 22-10-2020 02:23

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