With the end of 2026 approaching, buyers considering a new-build or off-plan property should check their eligibility and the property's VAT status now rather than leaving it until the last minute. The standard VAT rate applicable to qualifying new residential property in Cyprus is generally 19%.
However, eligible purchasers buying or constructing a home to use as their primary and permanent residence may qualify for the reduced 5% VAT rate, subject to the applicable requirements.
Paphos Property Update and Seasonal Insights Autumn in Cyprus As the heat of summer fades, Cyprus enters one of its most pleasant seasons. The air is cooler, the light softer, and the island takes on a golden glow. For the real estate market, autumn is a season of opportunity — a time when serious buyers and sellers refocus and plan ahead before the holidays. Spotlight on Paphos Paphos continues to...
The current state of the real estate market in Paphos is unique, distinguishing it from other regions due to high interest in the country and changing landscape. The surge in demand for new properties in Paphos is driven by several key factors, creating a fast-paced market with significant implications for both buyers and sellers. New real estate in Paphos is typically sold during the early and mid...
by Cleo Shahateet
