Information
Buying process
Professional Assistance & Guidance from start to finish will ensure that you feel supported at every step on the way.
Technical
Projects built by Cyview Developers are designed according to National and European standards. Great emphasis is given to sustainability because we deliver for longevity and we care about environment as much as our clients.
Sustainable construction should not be exclusive to expensive projects, but rule for any development.
Financial
Transfer fees
Upon transfer of the property and registration in the purchaser’s name, the district Land Registry Office will charge transfer fees, which are based on the market value of the property at the time of the purchase. Properties which are subject to VAT will be exempt from the transfer fees.
Stamp duty
After signing the Contract of Sale, the purchaser may stamp it within 1 month of its signing by paying the stamp duty according to the value of the property.
Local Authority Taxes & Rates
Local authority rates and taxes vary according to each Municipality and the size of the property. This tax includes refuse collection, street lighting, sewerage, etc. The basic utilities of electricity, water and telephone are payable individually in accordance with the consumption.
V.A.T
Newly-constructed properties are subject to a standard rate of 19%.
VAT has been reduced to 5% for buyers of first residences up to 200 square meters.
