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Can foreigners buy property in Cyprus?
Yes. Non-EU nationals can legally own property in Cyprus. There are a few formalities, such as a permit for the title transfer and a limit on the size of the land plot, but in practice the process is straightforward and we guide you through every step.
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Can I get residency in Cyprus by buying property?
Yes. Purchasing a brand-new residential property worth at least 300,000 EUR plus VAT from a developer can qualify you for fast-track permanent residency, as long as you also show a secured annual income from abroad of at least 50,000 EUR, with extra income required for your spouse and children. The permit covers your whole family and does not expire. We work with trusted legal partners who manage the full application. Rules and thresholds can change, so we always confirm the current requirements for your specific case.
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What costs should I plan for beyond the property price?
The main items are VAT on new builds (19%, reduced to 5% if the home will be your main permanent residence and you qualify), transfer fees or stamp duty, and legal fees. The exact numbers depend on the property and how you plan to use it, so we give you a clear cost breakdown before you commit to anything.
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Can I buy a property in Cyprus without flying over?
Yes. Many of our clients reserve and complete their purchase remotely. We arrange live video viewings, handle the paperwork digitally, and work with lawyers who can act on your behalf through power of attorney, so the whole deal can be done from abroad.
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Is Cyprus property a good investment, and can I rent it out?
Yes, most properties can be rented out. Rental yields in Cyprus typically range from 5.5% to 7.5% per year depending on the location and property type, and prices have grown steadily year on year. We can advise on areas and property types with the strongest demand for your goals.
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How does working with Vidi Group make the process easier?
We handle everything from property selection to the final contract: matching you with the right property, arranging viewings, coordinating with lawyers and developers, and guiding you through residency if that is your goal. You get one point of contact and a clear, managed process from first enquiry to keys in hand.