19% is the standard VAT rate when buying property in Cyprus. In 2008, it became possible to apply for a reduced VAT rate of 5%.It is used for the first 200 sq m when buying the first property in the country.
Cyprus will cancel the preferential VAT rate for the purchase of residential property
In the near future, the Cypriot government will revise the rules for applying a preferential VAT rate of 5% when buying a primary property. The new rules will have to comply with EU law.
VAT now:
Currently, there is a preferential VAT rate of 5% instead of the standard 19% for new buildings. The reduced rate applies to residential properties not exceeding 200 m2 and exclusively for personal use.
If the housing area exceeds 200 m2, then the difference is subject to 19%.
Assumptions of the new preferential VAT rate:
A reduced rate of 5% applies to the first 90 m2 for apartments and 170 m2 for private houses, provided that the cost of the apartment does not exceed 200,000 euros, and the house - 350,000.
Any residential property, whether it is an apartment or a house, exceeding the area and value limit, is subject to the full VAT rate of 19% for the entire area
Properties in Cyprus
€ 1 150 000
Commerce property, For sale
ID: CY-35-1-156780
Cyprus, Nicosia
€ 950 000
Commerce property, For sale
ID: CY-35-1-156647
Cyprus, Nicosia
€ 4 000 000
Commerce property, For sale
ID: CY-35-1-156646
Cyprus, Paphos, Paphos (center)
€ 840 000
Commerce property, For sale
ID: CY-35-1-155970
Cyprus, Limassol, Limassol Coastal road
€ 550 000
House, For sale
ID: CY-35-1-154250
Cyprus, Nicosia
€ 695 000
House, For sale
ID: CY-35-1-153574
Cyprus, Paphos, Paphos (center)
Special offers of real estate abroad
- € 3 500 000
- House, For sale
- ID: LV-1356
- Latvia, Riga, Old town
Exclusive private house in the heart of the Old Town
- € 1 950 000
- House, For sale
- ID: LV-163492
- Latvia, Jurmala and region, Majori
Exclusive Villa for Long-Term Rent in Jūrmala, Dzintari
- upon request
- House, For sale
- ID: LV-1529
- Latvia, Jurmala and region, Asari
Feel atmosphere of the Baltic sea resort! Private scandinavian style house for sale in Jurmala.
- upon request
- Apartment, For sale
- ID: LV-163139
- Latvia, Jurmala and region, Bulduri
Unique apartment at the sea side in Jurmala – worse to see.
- € 550 000
- House, For sale
- ID: ME-103-100396
- Montenegro, Budva riviera, Krimovica
Two new villas in Krimovice
- € 720 000
- Apartment, For sale
- ID: LV-163935
- Latvia, Riga, Centre
Luxury iving in a brand new premium townhouse overlooking a park with a pond in the very center of Riga
- € 33 540 000
- Penthouse, For sale
- ID: OW-OAE-165616
- UAE, Dubai, Dubai Marina
THREE LEVEL PENTHOUSE WITH STUNNING VIEWS IN DUBAI
- upon request
- Penthouse, For sale
- ID: CY-193-98877
- Cyprus, Limassol, Limassol Coastal road
Luxury residence for sale in Cyprus
- € 790 000
- House, For sale
- ID: ME-103-167772
- Montenegro, Budva riviera, Budva
Villa in Budva - New Year's price reduction
