Monday, June 18, 2012

Now is the perfect time to buy property in Cyprus

Extension of the ‘abolition of transfer fees’ for another 6 months (starting from June 2012)

Until now, Cyprus law has always stated that for every sale of a property and the transfer of the Title Deed, fees of up to 8% must be paid by the Purchaser during the transfer procedure.

However, the Government of Cyprus has announced the abolition of transfer fees for any new property purchases for 6 months and irrespective of the time the Title Deed of the property will be transferred to the Buyer. The Government has recently announced the extension of the abolition for a further 6 months, starting from June 2012.

Attractive new tax incentive for the acquisition of new private residences at the reduced VAT rate of 5% (from April 2012) 

The Cyprus Government also approved the reduction of the VAT rate, on the acquisition and/or construction of a property, which is used as a primary and permanent place of residence in Cyprus.
In relation to these extremely beneficial announcements, Lanitis Development has also decided to offer discounts on a selected number of properties at Aphrodite Hills Resort.

Therefore, the combination of the abolition of the transfer fee and the reduction of VAT, plus the advantageous discount on the purchase price, gives you the opportunity to buy a property at the luxurious, award-winning 5-star Aphrodite Hills Resort, at a substantially reduced price.

Now is certainly the perfect time for you, your family or your friends  to buy a new property at Aphrodite Hills Resort.
For further information please contact the Sales Office - Tel: +357 26 82 80 50 or email:

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