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 big mansion in the quiet area of Parekklisia. The house is located on a very big plot-7551 sq.m- and is surrounded by fruit trees. The rooms are exceptionally spacious. It was built with double insulated bricks which help controlling the temperature and therefore minimizing the cost of energy. The pool area is very big accompanied by a pool bar and a BBQ area. There is a fountain in the garden that would add a lot to the overall appearance of the property. There is also a separate residence for the housemaid and a horse stables.
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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