FAQ
Answers
Buying in Cyprus
Can non-EU citizens buy property in Cyprus?
Yes. Non-EU buyers may purchase one residential property freehold. Multiple properties are held via a Cyprus company.
What taxes apply?
Transfer fees range 3–8% depending on price and title status. VAT is 19% (5% for first primary residence, subject to conditions).
Is there a permanent residency programme?
Yes — the Cyprus PR programme requires investment from €300,000 in new-build residential property, plus proof of income.
The purchase process
What is the payment schedule?
Typically 5% reservation, 25% on contract, staged milestones during construction, 30% on delivery.
How long does completion take?
For off-plan developments, 18–30 months depending on scale.
Do I need to visit to buy?
No — the entire process can be handled remotely with power of attorney.
Living at Extraland
Do you offer rental management?
Yes, our concierge service handles short and long-let management, achieving 4–6% net yield.
Are pets allowed?
Pets are welcome across all our developments.