Cyprus is one of the most attractive destinations in Europe for owning a holiday home. With its year-round sunshine, beautiful beaches, and welcoming lifestyle, it’s no surprise that foreign buyers are investing in villas and apartments across the island.
But buying property abroad comes with unique considerations. This legal and financial guide will help you understand the process of buying a holiday home in Cyprus — and show how Ameti Residences makes it seamless with our exclusive property deals and in-house legal experts.
Step 1: Choose the Right Location
Before diving into the paperwork, you need to decide where in Cyprus to buy your holiday home:
- Limassol – Luxury seafront living, marina developments, and strong rental demand.
- Paphos – Popular with retirees and holidaymakers, offering affordable villas.
- Larnaca – Family-friendly, growing in popularity thanks to new marina developments.
- Ayia Napa & Protaras – Ideal for holiday rentals and summer homes.
- Nicosia – Less of a holiday hotspot but great for city-based living.
At Ameti Residences, we match buyers with location-specific opportunities to fit their lifestyle and investment goals.
Step 2: Understand the Legal Requirements
Foreigners can legally buy property in Cyprus, but there are steps to follow:
- Permission from the Council of Ministers – Non-EU citizens need approval, which is usually straightforward for one residential property.
- Contract of Sale – This must be signed and registered with the District Lands Office within 2 months to secure your ownership rights.
- Title Deeds Check – A crucial step to ensure the property is free of debts or legal complications.
- VAT and Stamp Duties – New properties are subject to 5% VAT (for first residence use) or 19% VAT for investment properties. Stamp duty ranges from 0.15% to 0.2% depending on property value.
👉 With Ameti Residences’ in-house lawyers, you don’t need to worry about hidden risks. We conduct full due diligence and guide you through every legal stage.
Step 3: Plan Your Finances
Buying a holiday home in Cyprus is not just about the purchase price — you should also budget for:
- Property transfer fees (3–8%, reduced if VAT applies)
- Legal fees (~1% of the property value)
- Notary and registration fees
- Annual property taxes & municipal fees (very affordable compared to most EU countries)
- Maintenance costs (especially for villas, pools, or gated complexes)
Foreign buyers can also finance their purchase with local bank mortgages, although most prefer cash purchases for simplicity.
Step 4: Consider Residency Options
If you’re planning to spend extended periods in Cyprus, owning a holiday home can also help with residency applications:
- By investing €300,000+ in new property, non-EU citizens can apply for Permanent Residency (often called the Golden Visa).
- This covers the entire family and allows you to live in Cyprus long-term while enjoying your holiday home.
Step 5: Maximize Your Investment
Your holiday home can double as a rental property when you’re not in Cyprus. The island’s strong tourism sector makes short-term rentals especially profitable in Limassol, Paphos, and Ayia Napa.
At Ameti Residences, we not only help you buy but also connect you with property management and rental solutions to maximize your returns.
Why Buy Your Holiday Home with Ameti Residences?
- Exclusive holiday home listings across Cyprus
- In-house legal team to handle contracts, permits, and title deeds
- Financial guidance for taxes, fees, and rental planning
- Residency support for investors seeking permanent relocation
- End-to-end service for a stress-free buying experience
📩 Contact us today at info@ametiresidences.com to discover the best holiday home opportunities in Cyprus.
Buying a holiday home in Cyprus is not only a lifestyle choice but also a smart investment. With a clear understanding of the legal process, financial planning, and residency benefits, you can turn your Mediterranean dream into reality.
With Ameti Residences, you gain a trusted partner who makes every step of buying property in Cyprus safe, transparent, and profitable.