Even during the hard times of uncertainly, fluctuating markets, and a rocky political scene, the Cyprus property market remains untouched. Not only that, but it is strong and keeps growing. Experts advise investors to buy homes in Cyprus and this is what actually happens. Both people who live in Cyprus and foreigners want to buy homes there. More homes have been sold during 2025 than the previous year....
Cyprus is introducing major updates to its property laws regarding jointly owned buildings and the transfer of properties. These changes have been in discussion for many years and the primary scope is to resolve long-standing problems relating to unpaid common expenses, poor building management, and lack of transparency regarding property transactions. Anyone interested or intending to buy property in...
The implementation of VAT on commercial property leasing in Cyprus caused a notable change in the nation’s taxation framework. After changes to the VAT Law via Law 157(I)/2017 and additional guidance from Interpretative Circular 218, landlords can now—under certain conditions—charge VAT on rental income from commercial properties. This adjustment is especially...
Purchasing a house in Cyprus: Key Tax Obligations Explained Are you thinking of buying a property in Cyprus? Whether you are in the hunt for a permanent residence, a retirement retreat, or a lifetime consumers need to have a firm grasp on the tax situation in the country before making any lifetime commitments. Knowing what to expect regarding government charges and...
When someone sells their house in Cyprus, there are several legal obligations and costs to anticipate. The most significant is often Capital Gains Tax (CGT), but there are also special levies, exemptions, and various deductions which can materially affect net proceeds. A seller who fails to account properly for these can underprice or over-commit financially. Here’s...
Cyprus is moving forward with a new bill designed to tighten up the management and maintenance of jointly-owned buildings—such as apartments. While the draft law has some major changes, it does not cover some major issues, namely the situation of unpaid communal charges. Worst headache: unpaid communal charges For years, management councils have been frustrated...
In an impressive display of resilience and momentum, Cyprus recorded one of its strongest months of property market activity in June 2025. According to the Land Registry, 1,544 property sale contracts were submitted which constitutes an outstanding 17 percent increase compared to June 2024’s 1,322 contracts. This surge places June as the second-highest month...
If you are contemplating acquiring a new residence in Cyprus, one of the crucial financial aspects to consider is the Value Added Tax (VAT). Although the standard VAT rate in Cyprus is 19%, a reduced rate of 5% may apply under certain conditions, substantially lowering the overall cost of your investment. Below is an overview of how the 5% VAT functions and the recent...
A Mediterranean Haven for Remote Workers What are digital nomads and is why is the movement growing so quickly? Digital nomadism is a highly popular and growing trend all over the world. Big companies are already head hunting for highly-skilled personnel without the limitation of having to select workers from the same country they are targeting to enter the...
For many people, commencing the “third age” of life—the phase of vibrant, self-sufficient retirement—Cyprus embodies an apparition of the American Dream. It provides the opportunity to exist in a well-protected, cost-effective, and stunningly beautiful locale without curtailing any of the trappings of modern luxury, healthcare, or intimate social circles. With...
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