Government grant for the purchase of new property
Individuals purchasing property in Cyprus, provided that it will be used as first residence, are eligible for a government grant. Individuals entitled for the grant are:
- At least of 18 years of age
- Citizens of the Cyprus republic or any EU member state and
- Does not use any other residence as first and permanent place of residence
The grant is subject to the following conditions:
- The application for the issue of building license was filed at the Town of Planning and Housing Department after the 1st May 2004
- The residence is to be used for the first time as primary and permanent place to stay and
- The property should not exeed 250m2
