The property market in Cyprus is evolving and the rental sector is leading the way. Changing lifestyle preferences and practices combined with increasing property prices and the limited supply of housing are leading to a change in how people live and invest. Renting was seen as a short-term solution for many people, but for an increasing proportion of the population it is now a long-term reality. A...
Investments in Cyprus real estate are steadily flowing toward Larnaca and Protaras as the property market evolves into a more stable and mature environment. Rather than being driven by short-term speculation, this phase is shaped by underlying structural trends that support long-term, sustainable value. Larnaca and Protaras are more stable investments, as they are not just a future expectation of the...
The Cyprus property market is at the very start of a new phase of development. Increased demand for housing, new economic conditions and cultural norms, combined with new forms of investments, are starting to influence the construction, renting, and financing of residential properties on the island.These changes are not to be ignored by potential buyers and investors. They are very important because they...
Cyprus' real estate sector is evolving once again. Starting January 1, 2026, Cyprus has implemented a new comprehensive tax reform, changing how property transactions, ownership and investments are approached. The new reforms are designed to minimize friction for the everyday purchaser, increase market confidence, and address customer concerns in the long run. If you are thinking of purchasing real estate...
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...
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