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Purchasing Residential Property
in Cyprus
Purchasing Residential Property
in Cyprus is very similar to Britain
& Ireland; all residential property is Freehold;
a Solicitor should always be used & monies
should only be paid to & through your solicitor
(our local associates will suggest local English speaking
solicitors); budget for about €1000 plus 10% local
Vat for conveyancing.
Purchase
Tax (Stamp Duty) applies
to residential property and ranges from:
3% up to €75,000
5% from €75,001-€150,00
8% on everything over €150,000/.
There is an Annual
Residential Property Tax the
percentage charged is as follows:
0% up to €150,000
0.2% between €150,000-375,000
0.3% between €375,001-750,000
0.35% on everything over €750,001
Britain,
Ireland & most EU countries operate a Double Taxation
Relief Agreement with Cyprus.
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Property
Appreciation
Property
Appreciation has been
in the region of 15% + per annum in recent years; there
is buoyant year Rental Market
in the Famagusta Coast area; our local associates can
advise on Management
Services if required.
Purchase Loans of
up to 80% are available, subject to lending terms, which
are similar to British & Irish lender's terms, our
local office will be happy to assist you; depending
on the sum borrowed, it may be possible to cover mortgage
payments from rental income. Cyprus
has one of the lowest Tax Rate
structures in the EU/Europe.
Quality residential property is noticeably cheaper in
Cyprus than in Britian & Ireland.
This
website lists New and Resale Villas, Houses, Apartments,
Maisonettes etc, ( some Commercial Properties i.e. Bars/Restaurants...ask
for details if there are none showing on this website)
throughout the Famagusta Coast area which covers the
east & south east of Cyprus & is a 35 minute
drive from Larnaca International Airport; specifically
we cover the popular & well known areas of Ayia
Napa, Protaras, Paralimni, Deryneia, Frenaros, Sotira,
Liopetri & Xylofagou, where the best value property
in Cyprus is to be found.
Information
& Prices are subject to correction, update &
alteration, we try to update regularly.
Villas
can be built & fitted out to your personal specification
& requirements by local bonded builders.
Our local office will be happy to assist you with introductions.
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What
Next!
We
are happy to show you a selection of properties for
sale; in our local office we all speak English &
we are happy to drive you around the area so that
you can view individual properties & get a feel
for the locality; if you let us know when you would
like to meet up with
us, we will be there to meet you, alternatively you
can come to our office & we will take you out
& about from there.
If you need assistance with accommodation, airport
transfers or car hire, let us know.
Cyprus has something for everyone & is a very
popular location to buy property not only as a second
home but as an investment.
See for yourself the excellent
choice & value available in Cyprus.
To
visit our on line inspection visit form click
here.
To view a printable version of the form for mailing
click here.
WWW.CYPRUSSUNPROPERTIES.COM
24 Sorrento Court, Sorrento Road
Dalkey, Co. Dublin. Ireland
(Mail address for the UK & Ireland, our Sales &
Operations Office is located in Cyprus).
From the UK:
Tel: 0871 - 780 - 1222 (local UK call charge
applies) or 00353-87-794-2119
From Ireland:
Tel: 087 - 794 - 2119
From
The Rest of The World:
Tel: 00353-87-794-2119
Email: info@cyprussunproperties.com
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