FAQs
Is it straightforward to purchase property in Greece and Cyprus?
Acquiring property in Greece and Cyprus can be a relatively smooth process. However, it is important to carefully navigate local regulations, the property market, and legal requirements to ensure a successful transaction.
What documents are required to purchase property in Greece and Cyprus?
•Valid passport
•Greek or Cypriot tax registry number
•Valid visa for entry into Greece or Cyprus (for non-EU nationals)
•Proof of residency or a residence permit
•Copies of up-to-date tax returns
•Proof of current address (such as bank statements or utility bills)
Are there property taxes in Greece and Cyprus?
Yes, property owners are subject to various taxes, which may include:
•Property taxes
•Recurring local taxes (comparable to council taxes in the UK)
•Taxes on income generated from the property (such as rental income from platforms like Airbnb)
These taxes are typically calculated based on the property’s size and location.