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Frequently Asked Questions

What is the price indicators for property?

Antonis Loizou & Associates have properties for sale from as low as £28.000 depending on location, size, type of property etc. Through its Offices in all towns including the mountain resorts, properties of all nature, age, quality are available. Custom built properties can be arranged upon request. Projects are under construction in all areas of Cyprus, including beach properties are available. A large amount of resales are also available.

Is tax paid on pensions?

Pensioners who become residents in Cyprus are taxed on their pensions from abroad at the rate of 5% for amounts exceeding £2.000 annually. No tax is paid in the country of origin if a double taxation treated exists. As for all Cypriot residents' annual income up to £9.000 for 2003 and £10.000 for 2004 is tax exempt.

Double taxation treaties:

Double taxation treaties are made in order to avoid paying income tax in two countries. This gives the option to the citizen of the countries to take advantage of the low rate of tax in Cyprus. Countries that Cyprus has double taxation treaties are:

United Kingdom - United States - Austria - Bulgaria - Canada - China - Chech   Republic - Denmark - Egypt-France - Germany - Greece - Hungary - India - Ireland - Italy-Kuwait - Malta - Norway - Poland - Romania - Russia - [including Armenia, Belarus, Kurdistan, Moldova, Tajikistan, Turkmenistan and Ukraine]. Slovakia-South Africa-Sweden-Syria-Yugoslavia [Serbia-Montenegro].

Why should someone buy through Antonis Loizou & Associates?

Antonis Loizou & Associates is the largest most comprehensive property consultancy firm in Cyprus. It was established in 1980 and is considered to be the largest professional property Consulting Firm in the Eastern Mediterranean. It has Offices in all the towns and its experience personnel will offer you all the information for your acquisition. They will guide you through all the necessary steps required and will suggest safeguards from possible pitfalls in getting the best property for your needs at a reasonable price.

Our wide range of associates in Cyprus and abroad put us in a most suitable position to offer the widest possible range of properties. Listings in our website and magazines is free of charge. Even if we not have in our listings the property that you need should you give us information on your requirements and an opportunity to search; we will do our best to find the requested property. A strong marketing team which exhibits properties world wide, keeping in touch with our clients with information and assistance.

Our professional staff will give you the necessary details and other guidelines for buying safely, property in Cyprus. Our Office will arrange all the details with the developer/seller, negotiate on your part to obtain the best price and introduce you to a solicitor who will assist in all the legal work necessary, including opening a bank account and other financial details.

Our wide experience [from Project Management and Sales] can be seen at a glance:

1. Touristic Development: 16 hotels - 8 five-star including a holiday village and hotel apartments in Cyprus.

2. Commercial: 4 shopping centres [two in each Nicosia and Limassol] average size 120 shops/centre.

3. Industrial: Municipality of Nicosia industrial estate - 109 units, Constandia industrial estate building plots. Studies for Municipalities of Dherynia and Mesa Yitonia.

4. Hypermarkets: Two very large hypermarkets, one in Limassol and one in Nicosia (Orphanides). New one at Strovolos is pending (Shiacolas).

5.  Residential : Over 2500 apartments in blocks all over Cyprus.

6. Holiday Homes: Over 1100 units such as Ayios Elias Holiday Cottages at Protaras (180 units). Amathusia Village in Limassol [300 units], Possidon Beach Gardens in Larnaca[95 units], etc.

7. Offices: Over 13.000 sq.mts. in total;
- Gala Tower (Limassol)
- Frangoudi & Stephanou (Limassol)
- Louis Tourist H.Q.
- Arab Bank Plc H.Q.
- Barclays Bank (Larnaca main)
- Hellenic Bank (Limassol main)
- C.L.R. Stock Brokers (Nicosia)
- Krendos Offices (Nicosia)
- Toumazis Business Centre (Nicosia)
- Severis Building, etc. etc.

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