Eleftheria Paizanou

Cyprus’ 5% VAT loophole: more than €1bn lost while luxury buyers benefited

October 14, 2026

Cyprus has lost more than €1 billion in potential tax revenue through a reduced VAT scheme for homebuyers, according to figures obtained by Phileleftheros....

Due Diligence

Due diligence is absolutely essential before committing to buy a property.

DO THESE CHECKS BEFORE BUYING

Eleftheria Paizanou

Cyprus’ 5% VAT loophole: more than €1bn lost while luxury buyers benefited

Due Diligence

Top Stories

Cyprus’ 5% VAT loophole: more than €1bn lost while luxury buyers benefited

Property market faces a supply warning as permits surge

Evacuation order issued for prominent apartment block in Larnaca

Elsewhere in Cyprus Property News

Larnaca property prices soar: where do homes cost most?

Cyprus apartment construction surges as detached homes become a luxury

Workers forced to sleep on building sites in Cyprus, complaints allege

About Cyprus Property News

Information pages