What property can a non-Cypriot purchase?
The people from European countries can buy a property without any limited. The people from third world countries need to have permission by the Council of Ministry which is very easy to be obtained. A non-Cypriot can purchase: 1. An apartment 2. A house or a villa on a plot size which is not exceeding 4000 sq.m 3. A plot or a land which is not exceeding 4000 sq.
Buying a property in Cyprus is quite easy. As a non-Cypriot you are entitled to purchase FREEHOLD for your personal use: An apartment or a house A villa o a building site not exceeding 4.000 esq. A piece of land not exceeding 4000 esq. for the purpose of erecting a house within a reasonable time period. Offshore Business Units can buy/build unlimited office/work space. A second home maybe permitted depending on the type (e.g., a holiday home in addition to a permanent home in the city.) Acquisition of Leases having a term in excess of 33 years duration, are treated similarly in Real Estate as a freehold in relation to the limitations. Acquisition in shares other than between husband and wife is not permitted.
