Cyprus real estate, particularly Limassol high-rise developments and Paphos coastal properties, attracts significant foreign investment. The market is shaped by 20% capital gains tax on Cyprus-located property, transfer fees (1.5-8%), and the Cyprus permanent residency program (€300k investment threshold). Our platform tracks property portfolios, lease contracts with multi-language tenants, mortgage servicing, and capital gains calculations.
You manage 80 rental apartments in Limassol for 35 owners — how do you allocate income?
Owner sub-ledger per property: rental income, management fee (typically 8-15%), expenses (maintenance, communal, insurance), monthly net distribution. Auto-generated owner statements.
Foreign buyer purchases €500k apartment — transfer fees calculation?
Sliding scale: 3% on first €85k, 5% on €85k-170k, 8% on €170k+. €500k → €38,750 transfer fees. If VAT 5% reduced rate applies (first home, area ≤200m²), transfer fees waived.
You sell a Paphos villa held 8 years — capital gains tax?
20% CGT on (sale price − purchase price − indexed inflation − improvements). Indexation: official CPI table applied. Property in possession before 1980 → tax-free. €300k sale, €200k cost, €30k indexation → CGT 20% × €70k = €14k.
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