Your next investment in Cyprus
starts with a conversation.

Yes. A buyer of any nationality can own property in Cyprus on a freehold basis, in their own name, with the right to live in it, rent it, sell it and pass it on. EU and EEA nationals buy on the same footing as Cypriots; non-EU buyers follow a routine Council of Ministers approval that is granted as a matter of course for a home. Title is secured through the Land Registry (the Department of Lands & Surveys), where the contract is deposited for specific performance to protect the buyer until the title deed transfers. Cyprus is an EU and Eurozone member with an English-based common-law legal system.

Yes — a qualifying purchase can open Cyprus Permanent Residency. The investment route requires new primary-market property from EUR 300,000 (plus VAT), together with secured annual income of at least EUR 50,000 from sources outside Cyprus, and covers your spouse and dependent children under the same application. It is a fast-track permanent residence permit, not citizenship — the citizenship-by-investment programme was closed in 2020, so it is never a passport. Palmera guides you through the application and documentation; confirm the current rules before relying on a specific outcome.

Cyprus is a light-tax jurisdiction. There is no annual national property tax, and no inheritance, gift or wealth tax, and stamp duty on property contracts was abolished in 2026. A new-build first home for owner-occupation is charged reduced VAT of 5% (on the first 130 m² up to €350,000) rather than the standard 19%. Capital gains on a Cyprus property are taxed at 20% on the gain, with lifetime exemptions, while qualifying non-domiciled residents pay 0% on dividends, interest and rental income for 17 years. Always confirm reporting rules in your own country of tax residence with your accountant; Palmera issues full transaction records to support any filing.

Off-plan developments commonly offer staged, often interest-free developer instalment plans that run through to handover — usually a reservation deposit, a further payment on signing the contract, instalments tied to construction milestones, and the balance due on completion. Terms vary by developer and project, so the cash outlay is staged rather than paid up front. Palmera sets out the full schedule before you commit.

You reserve a unit with a deposit, sign the sale contract, and pay the balance in instalments as the project is built, with the title deed transferring on completion. Crucially, your lawyer deposits the contract at the Land Registry, which secures your right to specific performance and protects your interest in the property before the deed is issued. Palmera handles the paperwork end to end, working alongside an independent Cypriot lawyer on your side.

They suit different strategies. Limassol is the island's business and luxury capital — seafront towers, the largest international-company presence and the deepest long-let demand, with central apartment yields around 6–7% and the highest capital values. Paphos is the holiday-home and expat market, gentler on price with gross yields near 6% and strong seasonal short-let demand. Larnaca is the value play, with yields around 5.5–6.5% and a EUR 1.2 billion marina and port regeneration reshaping the waterfront, while Ayia Napa and Famagusta deliver 8–12% gross on managed short-let in the summer peak. Nicosia, the capital, offers the steadiest year-round rental income. Many investors pair a coastal holiday-let for seasonal upside with a city apartment for steadier income. Figures are market-sourced and subject to change.