In comparison to many other countries, the process for a foreigner purchasing property or land in Cyprus is very simple and straightforward.
Non-Europeans are entitled to freehold ownership of a villa, apartment or a plot of land, with the maximum allowance to extend to 4014m2 (four thousand and fourteen square metres).
European citizens are entitled to unlimited ownership of freehold properties. With regard to land plots, Europeans can purchase as many plots as they want and there are no restrictions on the allowance to extend. This was one of the beneficial changes which took place when Cyprus became a member of the European Union.
Foreign companies can acquire premises for their business or for holiday homes for their directors and employees.
Europeans who acquire permanent or temporary residency permits can register as many properties as they want in their name, provided that they sign a confirmation to the Cyprus Government stating that they will stay in Cyprus for the following five years.
Aristo Developers offers a comprehensive guide to buying property in Cyprusread more
Aristo Developers provides financial advice and solutions that will help one acquire the home of their dreamsread more
Aristo Developers recognises the importance of safeguarding your property investment in Cyprusread more
An overview of Cyprus' property related transfer feesread more
An informative guide to the VAT and taxation aspects of living on the islandread more
An insight into Cyprus’ property transfers and title deeds proceduresread more