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Cyprus real estate glossary

  • A
  • B
  • C
  • E
  • I
  • L
  • O
  • P
  • R
  • S
  • T
  • V
A

Acquisition PermitAcquisition Permit

Permission for property acquisition.
B

Building CoefficientBuilding Coefficient

Ratio for allowable building area.
C

Cadastral PlanCadastral Plan

Map showing property boundaries/ownership.

Capital Gains TaxCapital Gains Tax

Tax on profit from property sale.

Council of Ministers ApprovalCouncil of Ministers Approval

Government approval for certain transactions.
E

EasementEasement

Right to use another's property.
I

Immovable Property TaxImmovable Property Tax

Annual tax on property value (abolished in 2017).
L

Land RegistryLand Registry

Official record of property ownership.

LeaseholdLeasehold

Ownership of property, not land, for a term.

LienLien

Legal claim against property for debt.
O

Off-Plan PropertyOff-Plan Property

Property bought before/during construction.
P

Property Valuation ReportProperty Valuation Report

Document assessing property's value.
R

Reservation DepositReservation Deposit

Initial deposit to reserve property.
S

Specific Performance LawSpecific Performance Law

Legal provision enforcing contract terms.

Stamp DutyStamp Duty

Tax paid on property purchase documents.

SublettingSubletting

Renting out leased property.
T

Title DeedsTitle Deeds

Legal document proving property ownership.

Transfer FeesTransfer Fees

Fees for property ownership transfer.
V

VAT on PropertyVAT on Property

Value-added tax on property transactions.