How to obtain a residence permit in Cyprus in 2024
Residence permit in Cyprus. Permanent residence permit in exchange for real estate investments.
Property maintenance costs in Cyprus in 2024
Maintenance costs in Cyprus are rather low in comparison to average European charges. Owners pay some €1,700 per year for apartments and about €2,900 for villas with private pools.
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Taxes in Cyprus
Republic of Cyprus has a more favourable tax regime than other European countries. For example, there is no inheritance tax in Cyprus.
Buying property in Cyprus: A step-by-step guide (+ tax information)
Cyprus is an open real estate market and demand has been growing for property in the country since 2016. The warm Mediterranean climate, relatively low residential property prices, and opportunity to obtain residency/nationality through investment (when buying property worth at least €300,000/€2M respectively) are all attractive to potential buyers.
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Mortgages in the Republic of Cyprus
Foreigners can obtain mortgages in Cyprus, where such loans are granted for off-plan real estate, existing properties and renovation.
Property prices in Cyprus in 2024
The most sought after real estate destinations in Cyprus are the major resorts. Tranio reviews real estate prices in Limassol, Paphos, Larnaca and the Cyprus average ones as well.
European limitations on foreign property purchases
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.
Property in Cyprus: what to know and where to buy in 2020
Property in Cyprus was badly affected by the 2008 recession and the country's banking crisis in 2012, but better things are to come according to this article by Ivan Chepizhko.
Overseas financial activity of Russian HWNIs — a Tranio and EY joint survey, 2019
An increasing number of Russian HNWIs (high-net-worth-individuals) are notifying Russia’s tax authorities about their foreign bank accounts and controlled foreign corporations (CFCs). This follows Russia’s adoption of the Common Reporting Standards (CRS) in 2016, which facilitates the automatic exchange of information regarding bank accounts between partner countries’ tax authorities in a bid to combat tax evasion.
Russian and CIS investment outlook in overseas real estate – A survey by Tranio, 2020
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
Why is demand for investment-based Cypriot citizenship tanking?
Since May 2019, considerably fewer people have been applying for Cypriot citizenship after changes in the country’s citizenship-by-investment programme; nationality obtainment measures have been toughened. Tranio looks into the situation and how it might change going into 2020.
Five main trends in international real estate
How are things going on the global real estate market? What future challenges does it face? International real estate plaftorm Tranio presents an overview of the main trends that investors can focus on today and for the next year.
The golden visa effect: how the sale of citizenship influences European real estate markets
Tranio analysts investigate how
Education in Cyprus
Cyprus spends 7% of its GDP on education, making it the third largest state investment in education in the EU after Denmark and Sweden.
It’s now cheaper than ever to obtain Cypriot citizenship through investment
The government of Cyprus has lowered the financial threshold for its citizenship by investment program.