Based on the Cyprus law, any residential property for a minimum worth of €500,000 will grant you the right to participate in the scheme for naturalization of non-Cypriot investors. This property is eligible to be included for your Cyprus citizenship (European Passport) application.
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This is a traditional style house that was completely stripped and renovated in 2002 (roof, windows, electricity and water supply, floorings, bathrooms, wardrobes, cupboards, etc) using the highest quality materials and is maintained every two years. It is placed on an elevated position, offering lovely mountain views and the sea is visible at the distance. It has a large veranda surrounding the house with barbeque area, garden at the front, right side and back of the house and a large storage shed. Large paved area at the left side of the house that could fit a 9m x 5m swimming pool. The ground floor has a very large living room, accommodating at least 2 separate suites with a fireplace. There is also a separate dining room adjoining the kitchen fully fitted with solid oak and granite tops. Additionally, there is a small utility room next to the kitchen fitted with washing machine and tumble drier. There are also two large storage attics. All areas of the house are fitted with split units and are centrally heated.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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