House 228 м² in Polis, Cyprus

680 564 $

2 984 $ /м²

4OTc9

House 228m² in Cyprus, Polis. Priced at 590000€ rent photo- #1

House 228m² in Cyprus, Polis. Priced at 590000€ rent photo- #2

House 228m² in Cyprus, Polis. Priced at 590000€ rent photo- #3

House 228m² in Cyprus, Polis. Priced at 590000€ rent photo- #4

House 228m² in Cyprus, Polis. Priced at 590000€ rent photo- #5

Area

228 м²

Property for sale in Polis, Paphos, Cyprus.

A first floor commercial building in a central location in the Poli Chrysochous area of Paphos. It is 480 meters south of the municipality building of Poli Chrysochous and 410 meters southwest of the town center. In the immediate vicinity are all the necessary amenities and services, as well as good access to neighboring villages. The building was built 24 years ago and its standard of construction and maintenance is good. The building consists of first floor, mezzanine and basement. The first floor consists of a combined retail area and the mezzanine consists of an area for stores, storage, office and toilet. In addition, the basement consists of a parking area. The first floor area is 450 square meters (approximately), the mezzanine area is 250 square meters (approximately) and the basement area is 800 square meters (approximately). The property is available for rent.

Additional details

Property type

All Types

Object type

House

Price

680 564 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Polis; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Polis short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (680 564 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Polis: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).