AdministratorWhat are the rules for buying a property in Cyprus?
Permission to acquire immovable property in Cyprus Cypriots and EU citizens are entitled to buy immovable property without any restrictions. Non-EU citizens can buy immovable property, however, permission from the Council of Ministers is required.
How many properties can a foreigner own in Cyprus?
Foreigners can buy one home in Cyprus, and are entitled to hold land freehold, but there is a maximum limit on land ownership of 3 donums (4,014 sq m). A permit to register a property is needed from the government, but can easily be obtained through a lawyer.
Is it a good idea to buy a property in Cyprus?
Real estate to buy in Cyprus is absolutely worth it if you’re looking to get residency quickly in this beautiful island. For a €350K investment, you and your family will not only get a beautiful second home, but also residency permits which permit you to legally live, work and study in Cyprus.
How can I get permanent residency in Northern Cyprus?
A foreign national who was born in the TRNC or who came to the TRNC before his 18th birthday, should apply within two years of reaching 18 years provided his parents are TRNC citizens or have had valid Work or Immovable Property Residency permits for at least 2 years.
How do I get a residence permit in North Cyprus?
Residence Permit Application Process. Applications for a residence permit must be made, using the online Residency Application or online Student Residence Permit. Foreigners must apply within 30 days of entering the TRNC or before your visa has expired.
How many properties can you own in Cyprus?
Do I need planning permission to build a house in Cyprus?
Planning applications must be submitted & planning permission obtained for all types of development from the local Town Planning Authority. In Cyprus, there is no independent inspection of property as it is being built.
What is the property inspection process in Cyprus?
In Cyprus, there is no independent inspection of property as it is being built. Here, it is the responsibility of the architect in charge to monitor the construction & ensure it is carried out in accordance with the regulations and building permits.
How long does it take to get a title deed in Cyprus?
However, in some parts of Cyprus they can take 12 – 18 months. In parallel with an application for a Building Permit a Division Permit is sought where necessary. This enables the authorities to sub-divide the properties so that a Title Deed may be issued for each of the properties comprising the development.