Nigepa Developers real estate information

Cyprus has flexible property buying procedures. Non-Cypriots are entitled to FREEHOLD ownership of a villa, apartment, or a piece of land of up to 4,000 sq.m.
Buying properties in Cyprus

Buying properties in Cyprus is one of the most demanding and fast growing markets in Europe. Buying a property in Cyprus became specially popular since May 2004 Cyprus has joined the European Union, which has affected the Cyprus sale property market.
Why Cyprus

Banks in Cyprus have very modern, up to date systems and provide a wide variety of services, including Internet banking that can be accessed from the UK. Opening accounts is a simple process.
Cyprus banks

Cyprus law obliges you to take out fire and earthquake insurance on your property, even if it is an apartment within a large block.
Home insurance in Cyprus

You may sell your property at any time after the Contract to purchase has been signed.
Selling Cyprus property

Living expenses in Cyprus. Costs will vary widely depending on the amount of equipment in use and the time of year.
Living expenses in Cyprus

Personal taxation in Cyprus. Double taxation agreements exist between Cyprus and most European countries.
Personal taxation in Cyprus

Price and payment terms. Once you have agreed a purchase price with the developer , it is usual to give an immediate initial deposit of CYP 2,000 to secure the property.
Price and payment terms

Alien retirees are taxed at a flat 5% per annum on pension and investment income brought into Cyprus, with exemptions totalling CYP £4,000 per person.
Alien retirees


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