Frequently Asked Questions

Yes. EU citizens can buy property in Cyprus with no restrictions. Non-EU citizens can also purchase freehold property, typically subject to a straightforward Council of Ministers approval, which is granted routinely for a home and associated land up to a set area.

The fast-track Permanent Residency programme generally requires a qualifying investment of at least €300,000 (plus VAT) in a new residential property, along with evidence of secure annual income from abroad. Always confirm current thresholds with a licensed lawyer, as criteria are periodically updated.

Buyers pay either VAT (19%, reduced to 5% on a qualifying first primary residence) on new properties, or transfer fees on resale properties. There is also stamp duty on the contract. There is no inheritance tax in Cyprus.

Cyprus offers EU membership, low taxation, a common-law legal system, strong rental demand and an excellent climate. Prime and emerging coastal markets have shown resilient long-term growth, making it attractive for both lifestyle and income-focused investors.

A typical purchase completes within 6–12 weeks. After signing and paying a reservation deposit, your lawyer conducts due diligence, you sign the contract of sale, deposit it at the Land Registry to protect your rights, and settle the balance on completion.

It is strongly recommended. An independent, licensed Cypriot lawyer carries out title and encumbrance checks, reviews the contract, secures any required permissions and protects your deposit and ownership rights throughout the transaction.