How to choose a city to buy a house in Cyprus in Europe?

Limassol is the second largest city in Cyprus and an important industrial and economic center with the most mature commercial facilities. It is now a modern seaside city, similar to Shanghai in China.

With the influx of more and more wealthy people, Limassol's housing prices have been pushed up little by little, and now it is the most expensive city in the country, about 5,000-6,000 euros, and even some properties in the prime area of the seaside can reach 15,000-30,000 euros, and there is no upper limit.

Paphos. Located in the southwest of the island, about 100 kilometers southwest of the capital Nicosia, Paphos was once the capital of the Cypriot state, and is a place with a suitable climate and beautiful natural environment. As a tourist city, Paphos is small in size but comfortable to live in.

Cyprus is a member of the Commonwealth of Nations, with British troops stationed here. Paphos is a very suitable environment for retirement, attracting a large number of British retirees to buy property here and enjoy a comfortable retirement life. Life is convenient and medical facilities are readily available.

As a result, house prices have risen to about 3,500-4,500 euros.

Mainly start to look at the personal needs of the owner, the above is what Feiji thinks is a good investment city, I hope it will help you!

Let's take a comprehensive look at it. If you want to reside in Cyprus for a long time, there are generally two main ways, the first is to have permanent residency and the second is to obtain citizenship of a certain country. If you want to get permanent residency, you must own a property in Cyprus of more than 300,000 euros.

There is no relevant demand for the total number of properties, just the total ** is reached.

Other relevant supporting criteria include that the applicant must have a deposit of at least €30,000 with a Cypriot bank for three consecutive years. Applicants must be at least 18 years old and have no relevant criminal record in another relevant country. If necessary, a secondary applicant will need to be promoted, then an additional 5,000 euros will be required, and the relevant proof of application will be required.

Must log in to Cyprus once within two years. Rather than that, most people will choose to have Cypriot citizenship.

If the investor is buying a second-hand property, there will be real estate profits tax in the process, but don't worry, this large amount of money is one of the few taxes collected by the seller. Cyprus also has a set of rules for the charging of real estate profits tax, which is generally levied at 20% profits tax, which will result in a profit exemption of 50,000 Cyprus pounds (about 662,237 RMB) if the owner has been domiciled in the property for at least 5 years before reselling his private residence.

Buying a house in Cyprus, in addition to the purchase price, the most expensive thing may be the real estate tax that must be paid in a lump sum, which includes stamp duty, corporate value-added tax, transfer tax, etc., taking a 200,000 Cyprus pound property as an example, these expenses may add up to 10,150 Cyprus pounds.

The new Cyprus immigration policy requires that if you want to apply for immigration to Cyprus, you must purchase real estate worth 300,000 euros or more locally, and you can only apply after the real estate review is passed. Therefore, the cost of buying a house of 300,000 euros is the minimum level, and it is a fixed cost, and you must have at least 300,000 euros of property before you can apply for immigration to Cyprus.

When signing the Cyprus immigrant investment contract, a certain percentage of stamp duty will be deducted according to the contract, and you can pay the relevant accounts of stamp duty to the tax office within 30 days after signing the contract, and the proportion of stamp duty should be around 515 euros for 300,000 euros of real estate.

Immovable Property Tax Immovable property tax is payable every year, and every owner of immovable property is required to pay a percentage of the tax to the relevant tax office each year based on the value of the property held. For example, in the case of a property with a value of 300,000 euros, the real estate tax paid is about 1,200 euros per year.

VAT Fee VAT rate in Cyprus, which is currently 19%. However, the owner only needs to pay 5% VAT if he is buying his first home, and for immigration applicants, he only needs to pay 5% for the first time to buy a house in Cyprus.

ST Residence Visa. The applicant also needs to pay the purchase tax when buying a house, mainly including: value-added tax, transfer fee, stamp duty, and attorney's fee.

Most of the cities in Cyprus that buy houses and choose to buy real estate are concentrated in Larnaca, Limassol and Paphos in Cyprus, and the three cities have their own advantages.

Paphos, with an international airport and convenient transportation, is a city with a suitable climate and beautiful natural environment, and is also the main tourist city in Cyprus, with a comfortable residence;

Larnaca is one of the most important cities in Cyprus, and the first place to land is to come to Cyprus.

It is the international airport of Larnaca, which is convenient for international travel.

Limassol, the second largest city in Cyprus, has a good seaside scenery, good urban facilities and a prosperous economy.

1.The process of buying a house in Cyprus is fast, and you can obtain permanent residence status in 2 months;

2.Immigration supervision only needs to be logged in once every two years, which does not affect the normal life and work in China;

3.Low threshold, no capital** and business experience requirements, low investment amount, accept real estate investment, stable and risk-free;

4.Recognition of dual citizenship, freehold deeds, which can be passed down from generation to generation, one person can apply, and the whole family can obtain immigration status;

5.The property for investment can be lived in by yourself or rented out without restrictions;

6.After accumulating 2,555 days of residence, you can apply for naturalization, EU benefits, and free residence, study and life. It is available to 164 countries and regions around the world.