Buy Cyprus Properties in Paphos Cyprus

Property sales in May rose 34 percent compared to the same month last year

Property sales in May rose 34 percent compared to the same month last year according to official statistics from the Department of Lands and Surveys. The total number of sales (as measured by the number of contracts deposited at Land Registry offices) in May 2023 reached 1,526 compared to 1,143 deposited in May 2022. Sales rose in all districts. Limassol recorded the hig...

Property price & rental index Q1 2023

The 54th quarterly publication of the RICS Cyprus Property Index with KPMG in Cyprus records the property price and rental index, tracking property and rental prices across all Cyprus districts and main property types. Market values year-on-year A year-on-year comparison of values shows an increase in all asset classes, with the largest evident in Apartments, f...

NEW RESIDENCY REQUIRMENTS FROM THE 2ND MAY OF 2023 FOR ''FAST TRACK'' - NON EUROPEANS APPLICANTS

NEW RESIDENCY REQUIRMENTS FROM THE 2ND MAY OF 2023 FOR ''FAST TRACK'' - NON EUROPEANS APPLICANTS Are you looking to move to Cyprus from another country? You might be interested in the expedited Immigration Permit process. After receiving approval from the Council of Ministers, the Minister of Interior released its latest review of Immigration Permits to third-country na...

RECORD SALES IN MARCH 2023 SINCE THE RECORDS BEGAN

RECORD SALES IN MARCH 2023 SINCE THE RECORDS BEGAN March saw the second highest number of property sales in the month since records began in 2000. On the one hand Cyprus, which has always ‘benefitted’ from trouble in the region, has strong interest from abroad due to Vladimir Putin’s war in Ukraine and also government incentives to attract foreign comp...

Property sales to non-EU citizens more than doubled in the first two months of 2023 compared to the same period in 2022 according to official figures from the Department of Lands and Surveys.

Property sales to non-EU citizens more than doubled in the first two months of 2023 compared to the same period in 2022 according to official figures from the Department of Lands and Surveys. Speaking at the opening of the 5th Property Show, last Friday evening in Nicosia, head of the Department Elikkos Elia noted that non-EU citizens from Russia and the UK were the two l...

Purchasers Guide

The legal system in Cyprus is based on the UK legal system of common law. Real estate, tourism and services are three of the main pillars of the Cyprus economy; hence the law has been developed extensively in order to protect individuals, companies and investors. The attractive international tax system of Cyprus and the immigration policies for permanent residency and citizens...

The RICS Cyprus Property Price Index with KPMG in Cyprus reveals that property purchase and rental values continued to rise in the fourth quarter of 2022.

The RICS Cyprus Property Price Index with KPMG in Cyprus reveals that property purchase and rental values continued to rise in the fourth quarter of 2022. According to the Index, the fourth quarter of 2022 saw a further increase in the price of residential properties (apartments and houses), both of which continue to be relatively strong performers over the quarter. Offic...

RESIDENCY IN CYPRUS

Cyprus Residency in Cyprus Through Property Investment Cyprus Golden Visa & Permanent Residency Guide for Buyers Introduction Cyprus offers established immigration pathways for non-EU nationals seeking to obtain permanent residency through property investment or independent financial means. The two main routes are: Cyprus Fast Track Permanent Residency Programme (R...

Is my UK pension Taxed in Cyprus?

If you are a UK tax resident moving to Cyprus, your UK state and private pensions will generally be taxed solely in Cyprus at an incredibly favorable rate. You have two options to choose from each year, and you can pick whichever results in a lower tax bill: Option 1: The Flat 5% Rate (Most Popular) The Rule: All foreign pension income is taxed at a flat rat...

Buying a Villa in Cyprus - New Or Resale and why ?

The Cyprus property market continues to attract international buyers looking for lifestyle, investment potential, retirement opportunities, and EU residency benefits. From luxury coastal villas to traditional homes in established communities, buyers are increasingly asking the same question: Should I buy a new villa in Cyprus or a resale property? The answer depends on budget...