Buying a house in Cyprus is one of the most exciting steps you can take, whether you’re investing for the future, planning your retirement, or creating a holiday home by the Mediterranean Sea.
But with so much information online, conflicting advice, and high stakes involved, it’s essential to know what really matters before signing a contract.
At Dashad Group, we’ve helped hundreds of international buyers from Russia, the UK, the Middle East, and beyond, navigate the property market with confidence. As a licensed construction and development company, we see the process from both sides: what buyers want, and what builders know.
In this guide, we share the top things to keep in mind when buying a house in Cyprus, so you can make a smart, secure, and satisfying investment.
| Lower prices, high rental yields |
Higher prices, EU legal protections |
| Residency through property purchase |
Golden Visa option (€300,000+ investment) |
| Council of Ministers approval required for foreigners |
Central Bank permission needed for non-EU buyers |
2. Verify the Developer and Project Legitimacy
Not all builders are the same.
Before buying off-plan, always check:
- Is the company licensed and registered in the TRNC?
- Do they have completed projects you can visit?
- Is the land approved for foreign ownership?
- Are construction permits publicly available?
At Dashad Group , we offer:
- Full transparency on permits and timelines
- Milestone-based payments
- Third-party construction inspections
- On-time delivery guarantee
3. Budget for Hidden Costs (They Add Up!)
The listed price is just the beginning.
Expect to pay 15–20% extra in additional fees, including:
| Legal Fees |
€1,000–€2,000 |
| Title Deed Registration |
0.6% when registering the contract.
0.3% upon final approval from the Council of Ministers. |
| VAT |
5%(on new builds) |
| Stamp Duty |
0.5% of the contract value |
| Utility Connections |
€1,500–€3,000 (in new zones) |
| Annual Service Charges |
€1,000–€1,800/year |
4. Choose the Right Location for Your Lifestyle
Cyprus offers many beautiful areas — but not all suit every buyer.
| Beachfront living |
Esentepe, Alsancak, İskеле |
| Urban convenience |
Kyrenia, Famagusta |
| Peace & privacy |
Lapta, Karpaz |
| High rental income |
Kyrenia, Famagusta |
| Golf lifestyle |
Esentepe (National Golf Club) |
5. Secure Your Residency Early
Owning property does not automatically grant residency — you must apply separately.
Property Ownership Route:
- Buy any property
- Show €14,000 in your bank account
- Apply through the Immigration Department
6. Inspect the Construction Quality
A new build should mean quality — but not all developers use the same standards.
Ask:
- What materials are being used? (e.g., real marble, reinforced concrete)
- Are there independent inspections?
- Is there a structural warranty?
- What are the thermal and sound insulation levels?
7. Plan for the Long Term
Ask yourself:
- Will I live here full-time, part-time, or rent it out?
- Is the property suitable for aging in place?
- Are schools, hospitals, and supermarkets nearby?
- Is internet reliable for remote work?
Properties designed for long-term comfort and rental appeal deliver the best returns.
8. Work with Trusted Professionals
Always use:
- An independent lawyer (not one recommended by the seller)
- A licensed real estate agent or developer
- A local notary for document certification
- A bank advisor for currency transfers
Avoid informal agreements — everything should be registered and traceable.
Final Advice: Don’t Rush — But Don’t Wait Too Long
The best properties is in the best locations , don’t stay on the market long.
At Dashad GrOUP, we’ve seen buyers lose out because they waited too long , only to see prices rise 15–20% in 12 months.
