Infinity Towers
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Overview
A project in Nicosia's New Center, consisting of one residential high-rise and one office tower, offering high-end apartments with city panoramas.
Building/Community Amenities
- 24/7 Security
- Clubhouse / Resident Lounge
- Covered Parking
- Fitness Center / Gym
- Garden / Courtyard
- Playground / Kids Play Area
- Pool
- Rooftop Deck / Terrace
- Sauna
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can buy property in Cyprus, but there are some restrictions. Non-EU citizens are generally allowed to purchase up to two properties, typically one residential and one commercial unit.
Tax Considerations
Property Taxes
property tax landscape in Cyprus is investor-friendly, with a property transfer fee ranging from 3% to 8%, depending on the property value
Transfer Tax
transfer fee ranging from 3% to 8%, depending on the property value
Inheritance Tax
Capital gains tax is set at 20% but only applies to gains made from the sale of property
Important Considerations
Restrictions
- Foreigners can buy property in Cyprus, but there are some restrictions. Non-EU citizens are generally allowed to purchase up to two properties, typically one residential and one commercial unit.
Required Documents
Financing Options
Financing Options
Financing in Cyprus
Cyprus offers a range of property financing options for foreign buyers, making it an attractive destination for real estate investment. Typically, banks in Cyprus provide loan-to-value ratios (LTV) of up to 70% for non-residents. This means that foreign buyers may need to provide a down payment of around 30%. The island's strategic location, pleasant climate, and favorable tax regime enhance its appeal for those seeking mortgage financing. Investors are drawn to Cyprus not just for its scenic beauty but also for its well-regulated property market and competitive interest rates, making it a viable option for international buyers seeking to expand their real estate portfolio.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (e.g., salary slips, tax returns)
- 3Recent bank statements (usually 3-6 months)
- 4Credit report from the home country (if required)
- 5Property valuation report
- 6Completed mortgage application form
- 7Proof of deposit availability
