Buying a Property in Cyprus

Search homes for sale in your local area by price, amenities, or other features.
We’ll show you the sales history and provide helpful advice.

Fast and simple
8 Step Process
to Buy Property

1. Make an Inquiry

Search the properties listed on our website and make an inquiry

2. Arrange a Property Viewing

Our team after your inquiry will get in touch with you and try to arrange a property viewing

3. Reservation of property

If you liked one of the properties after the property viewing, you should put down a reservation deposit for the property you wish to acquire.

4. Signing of Contracts

During this stage it is recommended to appoint your personal lawyer that will assist you in this process.

5. Application for a reduced VAT rate

A standard VAT rate of 19% applies to new properties. You may be eligible to apply for a reduced VAT rate of 5%. Your lawyer will prepare an application for the reduced VAT rate (if applicable)

6. Registration of the Contract of Sale (CoS) at the Land Registry Office (LRO)

After this step, buyers can rightfully sell the property even prior to the issuance of separate title deeds in their name

7. Delivery of property

Once all the payments have been made as per your contractual agreement with the seller, your property will then be delivered to you

8. Transfer of Title Deeds

Once separate title deeds are ready, the buyer and seller present themselves at the LRO to complete the transfer. If applicable, the buyer pays transfer fees.

Buying Properties in Cyprus FAQ

What are the methods of payment?

Reservation deposit can be paid either in cash, by credit cards, bank transfer or banker’s draft, depending on the amount. The rest of the instalments are usually paid via bank accounts transfer. Banker’s drafts are also acceptable.

Are we allowed to get a mortgage from a bank in Cyprus?

Yes you can. Your contribution as a buyer will be around 30% – 50% depending on your purpose of purchase and your financial status. And the remaining amount will be granted by the bank as a loan.

However, if you are interested in also getting a Cyprus Permanent Residency Permit (PRP), then you are not allowed to loan money from a Cyprus bank to buy the house. The money needs to be proven to come from abroad.

What are the popular locations for buying properties in Cyprus?

Cyprus offers a diverse range of popular locations for property buyers. Some sought-after areas include:

Paphos: This region is famous for its rich history, stunning archaeological sites, and beautiful coastline. It appeals to buyers seeking a mix of traditional charm and access to modern amenities.
Limassol: Known for its vibrant nightlife, sandy beaches, and a bustling city center, Limassol attracts buyers looking for a cosmopolitan lifestyle and luxury seafront properties.
Nicosia: As the capital city of Cyprus, Nicosia offers a mix of residential and commercial properties. It appeals to those looking for a vibrant city lifestyle, with a range of shops, restaurants, and cultural attractions.

Are there any legal requirements for foreign nationals purchasing property in Cyprus?

Yes, there are legal requirements for foreign nationals purchasing property in Cyprus. Non-EU citizens must apply for permission from the Council of Ministers before buying property. This process typically involves submitting relevant documents, such as a sales contract and proof of funds, through a lawyer or authorized representative.

EU citizens and citizens of countries that have signed bilateral agreements with Cyprus generally do not require permission to purchase property. However, it is essential to consult with a qualified lawyer who specializes in Cyprus property law to ensure compliance with all legal procedures and regulations.