The annual immovable property tax imposed by the government is approx CY£60 – CY£120 per year. the municipal authorities also levy an annual tax of CY£20 to CY£40 sewerage tax. This is paid directly to the government annually. Common expenses are usually paid monthly or quarterly in advance. They vary from development to development and…
Tax benefits. Non-Cypriot individuals residing in Cyprus pay income tax at a flat rate of 5%. This applies to the amounts remitted to Cyprus from pensions or income from overseas investments. The first CY£2,000 per annum are exempt, if you are retired. Personal effect, household goods and furniture may be imported duty free by immigrant…
There are certain legal procedures that have to be carried out when purchasing a property in Cyprus, however you should have a Lawyer who will act on your behalf and deal with all aspects of the purchase. At present you currently need permission to purchase a property and this must be obtained from the Council…
Financial obligations. It is important to have your finances in place or agreed in principle. Our associates in Cyprus offer independent financial advice and will assist or advise you of all the options available. Various finance options are available: Cash purchase Cash from equity release or a re-mortgage of U.K. property Part cash with the…
All of the properties we sell in Cyprus are freehold. If you are purchasing on a new development, the price will have been set by the developer. Regardless of commissions you should still pay the same price whoever you purchase through, whether you go direct or through a third party. Don’t forget to read about Pioneer…
Cyprus has attracted people for many years being an island of unimaginable beauty. It has a startling variety of landscapes from sandy Blue Flag beaches to snow capped mountains. Traditional villages intermingled with olive groves make it a wonderful place to purchase your dream ‘Home in the Sun’. Cyprus has two main airports, Larnaca and Paphos,…
Cyprus has attracted people for over 9,000 years for a variety of reasons. Today it appeals to visitors from all over the world with only one thing in mind: to relax and enjoy life’s simple pleasures. Having typically Mediterranean temperatures with very little rain, it’s an island of infinite possibilities. Birthplace of Aphrodite, the legendary…
Reggio di Calabria Reggio di Calabria is the oldest and largest city in Calabria. Set in the Strait of Messina, Reggio has beaches that stretch out in all directions. Reggio di Calabaria is a survivor, it has endured in the face of invasion and shattering earthquakes. It has played host to numerous peoples, including the…
The annual running costs will depend on the size of your property and its value: As a guide, running costs for an average priced 2/3 bedroom property will be between £1,000 and £1,500 per year to include utility bills, local rates, annual property taxes, community charges and insurance. Your solicitor will ensure that all utility…
As an EU citizen, you will be able to reside in Italy for as long as you wish. You will need a Codice Fiscale, which is the equivalent of a National insurance or Social security number. If you want to work in Italy, you will need a Carta di Soggornio. Again, we will give you…