Non-resident EU citizens no longer require Council of Ministers Permit to own property.
As of the 01.05.2009 the restrictions placed on the acquisition of property by EU citizens have been lifted. Since Cyprus’ accession to the European Union on 1st May 2004, property laws have been revised to conform to the provisions of the acquis communitaire. However, in order to protect the property market, Cyprus negotiated a 5 year…