What is the current real estate policy in Cyprus?

Guangzhou Overseas Chinese Immigration Consultant:

In order to boost the Cyprus real estate market and promote the national economic development, the Cyprus government promulgated the policy of buying new houses without real estate in the transfer fee on 2011. The specific provisions are as follows:

20 12 For new houses with value-added tax (VAT) that were traded before June 2nd, the purchase contract was registered with the Serbian Bureau of Land and Resources (the developer did not have VAT for the buildings with building permits before May 2004, but all the buildings with building permits later had VAT), and the Serbian government exempted the property transfer fee. New houses without VAT are exempt from 50% transfer fee.

Calculation method of transfer fee:

house price

0-85,430 euros (50,000 Cyprus pounds), calculated at 3% of the transfer fee; The house price is 85,436,5438+0 Euro-65,438+070,860 Euro, calculated at 5% of the transfer fee; If the house price exceeds 170860 Euro, it is calculated as 8%.

Please note:

First, the above preferential policy of exempting transfer fees does not apply to second-hand housing transactions;

Second, the purchase contract shall be registered by the seller with the Land and Resources Bureau, and the seller shall generally register with the Land and Resources Bureau after receiving the house payment.