The Title Deed Transfer of ownership from Vendor to Purchaser is undertaken by a simple pro-cedure through the Cyprus Land Registry Office, by the client's Solicitor who can be appointed by our Representative Office in Cyprus. The transfer of ownership requires a permit fr...

The purchaser is liable for the payment of stamp duty at the rate of 1,50 EURO per thousand up to the value of 100,000 EURO and thereafter at the rate of 2 EURO per thousand. This should be paid within 30 days of signing the contract and we will, at the request of the p...

Inheritance Tax was abolished on the 1st January 2000 (Statute No. 78(1)/2000). ...

A rough guide could be approximately EURO 250 -500 per year depending on the size of your property. This tax is for refuse collection, street lighting, sewerage, etc. The basic utilities, electricity, water and telephone are payable individually in accordance with the consumption...

Since 1/5/04 a statute in respect of VAT on properties was introduced. In addition to other amendments, this statute introduced VAT at the rate of 15% (All properties in this brochure include VAT, if the VAT law applies to the project) VAT is imposed to those projects that the bu...

Annual Running Costs Immoveable Property Tax - Immoveable Property Tax is somewhat of a quirky legacy from the past, as the tax itself is based upon the value (like the old UK rateable value) of the property as at 1980, which obviously is considerably lower than curren...

Our Associates in Cyprus can provide comprehensive property insurance against fire and associated hazards until the Title Deeds are transferred to the owners, the cost is approximately EURO 150 - 350 per year. Household insurance is the responsibility of the purchasers and can be...

Charges for utilities are payable to the respective authorities at regular intervals throughout the year and are based strictly upon unit consumption, an approximate estimate for both water and electricity would be EURO 850 - 1250 per year for an average 3 bedroom villa occupied ...

Some Projects will have communal facilities, such as swimming pools, private roadways, gardens and parking. In order that these facilities are maintained to a high standard a communal maintenance charge will be levied. This is usually paid quarterly in advance and amounts to no m...

The cost of living in Cyprus remains comparatively low in relation to other European countries. In the latest survey from the Union Bank of Switzerland on Prices and Earnings Around the Globe' comparing prices from thirteen European countries, Cyprus ranked in the top three l...