Nicolaou Vista Land Ltd - We help people to buy or sell properties in Cyprus

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Legal Safeguards for Foreign Investors
Contrary to the risks inherent in the purchase of property in some countries, Cyprus has never been involved in the nationalisation of any sector of the economy, nor in the expropriation of property owned by foreigners. Indeed Cyprus has often guaranteed foreign investments jointly and separately with local participants - consistent with its efforts to create a favorable climate for such investments.

Especially in the real estate market investments are undertaken from foreigners which take advantage of the islands exclusive property market and its promising maximum returns. You can sell the property at any time and with no restrictions. However there are two different cases:

a) If the property is sold to a non-Cypriot who is paying from external funds, then the whole amount can be repatriated without any requirements.
b) If the property is sold to a Cypriot, who is paying in Cyprus pounds then the seller is entitled to repatriate an amount equal to: a) what he paid to buy the property, b) plus any other (proved) costs involved with additions or extensions of the property, c) plus the transfer fees, d) plus the inflation, e) plus CYP 50,000 (fifty thousand pounds) per person per year.