What are the costs of buying a house in Cyprus?

Property tax (whether you pay it yourself or let the real estate agent pay it depends on how you negotiate), stamp duty depends on your house price. The water and electricity meter and installation fee are two or three hundred euros. To buy an apartment, you need to pay property and other fees, and the villa has a garbage fee of 200 euros per year, depending on whether the villa project has a property or not, whether it needs to be cleaned, to set the fee, or the garbage fee may be collected.

200 to one or two thousand euros. If you get a green card, the fee is extra.

On the whole, Cyprus is still very good, with a beautiful environment, plenty of sunshine, clean and pollution-free, and the most important thing is that the house is not expensive. If you buy a house for more than 300,000 euros, you can get a permanent residence visa

The houses are very good, Cyprus is surrounded by the sea, so there are a lot of sea view rooms, you can buy a very good house for about 450,000 euros, the balcony is very large, with its own swimming pool, and the decoration is also in place. If you want to live for a long time, you can become a citizen and live for 5 years in 8 years, so that you can not only enjoy benefits, but also live and work in any EU country.

If the value of the property is less than 170,860, it will be levied; above 170,860, levy; 1% of the total value of the property; Immigration application fees, property value-added tax, attorney fees and other related fees.

Local real estate developers in Cyprus remind all immigration applicants that they can apply for immigration by choosing to buy a house in Prospaiseta, Cyprus, without any intermediary fees and service fees. Faster immigration process.

The Cyprus immigration policy stipulates that the immigration applicant only needs to purchase a property in Cyprus for 300,000 euros, and the whole family can obtain permanent residency in Cyprus.

In addition to the cost of the house, the applicant will also have to pay some ** and lawyer's fees: the relevant expenses include: stamp duty, levied if the property value is less than 170,860; above 170,860, levy; 1% of the total value of the property; Immigration application fees, property value-added tax, attorney fees and other related fees.

Cyprus immigration can be consulted.

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.

In recent years, under the favorable investment immigration policies of many European countries, global investors have come to Europe to invest in real estate. Some investors believe that the rental rate and yield of Cyprus property are not outstanding among European countries, and it is not the first choice for investment in European countries, so what is the rental yield of Cyprus real estate?

The property market in Cyprus is characterized by low average average prices and strong growth momentum in the future, with total rental yields in Cyprus remaining stable over the years. In Cyprus, the average rent for a four- to six-bedroom apartment or townhouse is €500 per week (low season) – €850 (high season), and for villas in popular areas, it rents for £700 per week in summer. In the future, as the demand for property in Cyprus continues**, there will be a significant return on investment in house prices and rental returns in Cyprus.

According to the latest statistics from the Royal Institution of Chartered Surveyors (RICS), in the second quarter of 2019, apartment rents** increased, villa rents increased, retail rents increased, office rents increased, while warehouse rents remained unchanged. Compared with the same period last year, apartment rents, villa rents, retail rents, office rents, and warehouse rents have increased. All property categories except warehouses showed sequential quarterly growth.

Based on the assessed initial yield, as of the second quarter of 2019, the average gross yield for apartments in Cyprus is, villas, retail, warehouses, offices.

Danos' Cyprus Real Estate Market Report 2019 shows that investor interest in rentable properties is increasing.

As interest rates hit rock bottom and the world** becomes more volatile, residential real estate with stable returns and rising values has become a very popular investment category and protects investors to some extent from the uncertain financial outlook.

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.

Specifically, it is recommended to go to the field for a field trip.

There are two forms of Cyprus house purchase immigration: one is to obtain a Cyprus green card, that is, to immigrate to Cyprus, you need at least 30w euros; The other option is direct citizenship to Cyprus, which requires at least 200w euros to obtain a Cypriot passport.

1) Application conditions for the Cyprus Permanent Residence [Permanent Residence Green Card] Program:

1.Applicants must be at least 18 years old and have no criminal record;

2.Invest more than €300,000 in real estate (net) in Cyprus;

3.A fixed deposit of €30,000 in Cyprus for a period of not less than 3 years.

2) Application conditions for the Cypriot naturalization [EU passport] project:

1.Family members: main applicant, spouse, children under the age of 28, parents of the main applicant (no age limit);

2.No criminal record;

3.Invest in the purchase of commercial real estate in Cyprus of not less than 2 million euros + owner-occupied property (note: owner-occupied property not less than 500,000 euros);

4.Accompanying family members: spouse, children under the age of 18, children between the ages of 18 and 28 (currently in school, under the age of 28), parents of the main applicant (must purchase an additional 500,000 euros of real estate).

DMG Cyprus will answer for you, the cost is more than 300,000 euros.

Cyprus Permanent Residency Application Requirements:1.Applicants must be at least 18 years old and have no criminal record;

2.Invest more than €300,000 in property in Cyprus (net)3A fixed deposit of €30,000 in Cyprus for a fixed period of not less than 3 years4Buy health insurance for the whole family.

5.Overseas income is guaranteed to be more than 30,000 euros per year, with an additional 5,000 euros for each additional dependent.

6.Visit Cyprus every two years.

1. Naturalization house purchase cost: invest 2.5 million euros to purchase multiple or single houses; In the case of the purchase of commercial real estate plus residential or all commercial real estate, the purchase of an additional residential property of not less than 500,000 euros is required;

2. Permanent residence purchase costs: invest in the purchase of real estate of more than 300,000 euros (excluding VAT), and deposit 30,000 euros in Cyprus, and increase 50,000 euros for each additional co-applicant;

3. Stamp duty: according to the purchase price, it will be charged proportionally, with a minimum of 170,000 euros and a portion of more than 170,000 euros;

4. VAT: VAT is 19% of the purchase price, and it can be reduced to 5% if the conditions are met;

5. Transfer fee: 3% for less than 10,000 euros, 5% for 10,000 euros, and 8% for the part above 170,000 euros;

6. Lawyer fee for buying a house: The legal fee for buying a house is 1% of the total house price (net value), plus 19% VAT. i.e. of the total house price;

7. Property insurance: 500-1000 euros per year;

Cyprus buying a house immigration is now the choice of many people. The main cities of Cyprus are the difference between Larnaca and Paphos: Larnaca is relatively more important than Paphos's business atmosphere, after all, it has a port there, and the old airport has been bought by Chinese, and more than 4,000 Chinese companies will settle in the future, mainly for re-exports**.

The city of Paphos is a tourist city with more tourists every year, especially the British are more in this city, I personally think that the house in Paphos will be relatively easy to rent, and the property in Larnaca will be more cost-effective in the future.

One of the advantages of buying a house in Cyprus is that the house price is not as average as in China, and it is sold by the set. The closer a house is to the sea, the more valuable it is.

Shengjie is a professional overseas service agency, engaged in overseas services for more than ten years, has rich experience in handling Cyprus immigration, real estate also has strict protection, ** many types, you can go there in advance to investigate.

1. When buying a property in Cyprus, you should pay attention to the background of the house, because in the years before the war, the property rights of the house should be clear, and the background of the house should be clean.

2. To buy real estate in Cyprus, there must be a real estate agent and development trend, and when signing various property contracts, pay a certain service fee for real estate ** and lawyers.

3. When buying a property in Cyprus, we must pay attention to the materials of a well-built house, because these European countries are likely to counterfeit building materials, and buying some bad second-hand houses** may easily affect the quality of housing or the extension of the life of the house.

4. To buy a property in Cyprus, you should investigate the city of Cyprus in a timely manner, the surrounding housing prices have been fully aware of the advantages and disadvantages of the city, as much as possible a month's purchase tendency, is the most suitable purchase choice, it is best to be accompanied by real estate ** and a lawyer.