Services Information

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• Why buy from us
  Find out why buy from Petran Developers Ltd your dream house, your apartment, your retirement country hou...(read more)
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• Why buy in Cyprus especialy in Paphos
  Cyprus is one of the most beautiful holiday destinations and has more to offer to the home owner than any other island in the Mediterranean. However, Paphos is the most b...(read more)
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• Finance and Documents
  Useful informations: What type of Tax obligations can I expect?Rental Income,Capital Gains,VAT, Real Estate Property Tax, Transfer Tax, Legal Fee, Stamp Duty, Agent's Fee(read more)
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• Can Foreigners Buy a property in Cyprus?
  Foreign ownership of property in Cyprus is unrestricted in the south and the purchase procedure is as straightforward as in any other EU country...(read more)
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• What type of Tax obligations can I expect?
  VAT: First time buyers of properties are subject to the reduced 5% rate of value added tax. Subsequent purchases are taxed at the regular 15% rate. The tax is imposed on the gross selling price of the property...(read more)
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• What are the Costs involved with a purchase transaction?
  Transfer TaxThe transfer tax is based on the open market value of the property as determined by the Land Registry department. The transfer tax, which ranges from 3%-8%, is based on a progressive sliding scale...(read more)
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• What are the most attractive markets?
  Property for sale in Paphos district is the most sought-after in Cyprus, due to its ideal mix of great natural charm, wonderful climate and a wide selection of high-quality property...(read more)
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• What is the current Real Estate Market environment in Cyprus?
  The International Monetary Fund and the European Commission endorse the Cyprus economy as a stable one in which to invest, and property prices in prime locations of the...(read more)
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• Can a foreign buyer obtain financing on their purchase ?
  Most commercial banks in Cyprus are authorized to offer mortgage facilities to locals as well as foreign nationals...(read more)
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• Associates
  If you are a local or international service provider, legal, accounting or audit firm and you interested co-operating with Petran DevelopersLtd and find out more about the...(read more)
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• Who oversees the Registration of the deal?
  Notary - A buyer can choose his own notary. The notary is legally bound to act as an impartial middleman between buyer and seller.The notary is not responsible the correctness of the owner's property description. That is the...(read more)