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Frequently Asked Questions
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 | Buying Property in Cyprus | | | Page Top | | Selling property in Cyprus | | Q : | Can I sell the property easily? Will I be able to take the proceeds of sale out of Cyprus?
| | A : | You can sell the property at any time and with no restrictions either through our office or through a registered estate agency. The equivalent of the full purchase price can be remitted immediately. The balance reflecting an increase in its value can be sent overseas at the rate of €85,430 per year, plus any interest earned during the year, starting from the year after the sale. Property sales in Cyprus are subject to capital gains tax at a rate of 20% on the profit. The first €17,086 profit per person named on the title deed is exempt.
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| | Page Top | | Renting Property in Cyprus | |
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