Cyprus Real Estate
Cyprus Real Estate
When purchasing a dwelling in Cyprus that is used as the primary and permanent residence, the reduced VAT rate of five percent (5%) applies. To be eligible for this benefit, certain conditions must be met, which we will explain in this article. At the end of the article, detailed examples will be provided to illustrate…
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In the first half of 2024, Cyprus’s residential property market showcased impressive vitality, as a total of 6,732 residential property sales were recorded, culminating in a market value of approximately €1.75 billion. This trend underscores the strong interest and demand within the Cypriot real estate sector. High-End Property Sales Stable The high-end property market remained steady, with 1,982 transactions totaling €950…
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Choosing the ideal place to live depends on a wide range of objective and indirect factors. In addition to personal preferences, investors need to comprehend the property’s purpose and evaluate the present and future market conditions. Specialized agencies predict that 2024 will be a positive year for financial investments in real estate in Cyprus. What…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.