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Can a foreigner buy a house in Cyprus?
Foreigners are generally allowed to buy property in Cyprus.
Here are some key points to consider:
1. EU Citizens:
Citizens of European Union (EU) member states, including those of the European Economic Area (EEA), have the same property ownership rights as Cypriot citizens. They can freely buy and own property in Cyprus without any restrictions.
2. Non-EU Citizens:
Non-EU citizens can also buy property in Cyprus, but they may be subject to certain limitations. These limitations are generally related to the total area of land they can acquire and may vary depending on the specific location and zone of the property. Before you commit to a purchase, we advise you to consult us.
3. Permission from the Council of Ministers:
In some cases, non-EU citizens may need to seek permission from the Council of Ministers to acquire property in Cyprus. Such cases usually involve larger land areas or specific types of properties. The Council of Ministers assesses each application individually and typically grants permission if there are no objections on grounds of national security or other specific concerns.
4. Title Deeds and Legal Assistance:
When purchasing property in Cyprus, it’s important to ensure that the property has a valid title deed or a valid title deed can be obtained. This is critical.
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