Cyprus Property For Sale

Cyprus Property

Cyprus property

Cyprus Property: If you are Looking to buying a Property in Cyprus you have come to the right place. We are a completely independent organisation offering Property in Cyprus For Sale. We try to give you as much information as we can regarding Property in Cyprus. Cyprus property Sales are booming. Here you will find off plan Apartments, Villas and Townhouses. The areas where we have Cyprus property are:Paphos,Limassol, Polis and Larnaca

Cyprus Property: The aim of this website is to offer you a user-friendly pool of knowledge to help you with all aspects of purchasing property in Cyprus. We are on hand to answer any questions you may have about buying a property in Cyprus, whether it be Cyprus purchasing procedures, legalities, area's and so on. We offer quality Cyprus Property, choice and value for money Property in Cyprus.

NEWS: VAT ON PROPERTY IN CYPRUS

VAT is a complex area affecting all types of property transactions, which is constantly changing. The Cyprus House of Representatives has passed and amended the Law of Value Added Tax on the 29^th April 2004 in order to harmonize with the EU legislation except in the cases where Cyprus has received derogations during the accession negotiations. As from the 1^st May 2004 VAT is imposed at a rate of 15% on the purchase of a newly built second home (apartments, houses) or a newly built commercial or industrial building. This includes both the purchase of a house or an apartment and it covers the construction costs and the cost of Land. For the first time house buyers it will be 5%.

No VAT is paid if the application for the planning permit was filed with the appropriate authority before May the 1^st 2004. The sale of Land continues to be exempt until 31^st December 2007.