First time buyers who purchase a property for permanent residence or as a holiday home for their own use are entitled to a lower VAT Rate of 5% subject to the approval of the Cyprus VAT office. Otherwise, the standard rate of VAT in Cyprus is 19%.
METHOD OF PAYMENT
40% WITH THE SIGNING OF CONTRACT
10% WITH THE COMPLETION OF EXCAVATION WORKS OF THE SPECIFIC PROJECT
20% WITH THE COMPLETION OF FRAMEWORK OF THE SPECIFIC APARTMENT
10% WITH THE COMPLETION OF BRICKWORK OF THE SPECIFIC APARTMENT
10% WITH THE COMPLETION OF FLOOR TILING OF THE SPECIFIC APARTMENT
10% WITH THE COMPLETION OF THE SPECIFIC APARTMENT.
Notes and Disclaimer
We reserve the right to change prices, or not sell a property without prior notice. These particulars (including prices, areas, description of property) shall not form any part of any offer or contract.
Every precaution is taken to ensure that the information contained in this analysis is correct at the date of publication but no warranty either expressed or implied is given to this effect. This analysis is intended to be used as a guide only. The publisher and owner shall not be liable to contract or in tort for any loss or damage caused to the customer or buyer, its employees or its agents arising out of the use of information contained and/or analysis contained within this study. The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice. The above calculations are only estimates. The prices, costs values and incomes may change (increase or decrease) in the future. This document is confidential, and no part of it may be reproduced, distributed or transmitted without the prior written permission of the owner.