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Ministry of Finance
Grants and Benefits Service

Special Grant for Purchasing or Building a Residence,
Law N.91(I)/2006

The special grant is given to persons who purchase or erect a new building which is being used as their main and permanent residence provided that:

    * the application for acquiring building permission/license for the building has been submitted to the relative responsible authority after the 1.5.2004
    * the building is new and used for the first time
    * the total size of the covered areas of the residence does not exceed 250 square meters, excluding:

- Up to 5m² engine/boiler room
- Up to 7m² storerooms
- Up to 36m² covered parking
- Up to 40m² covered verandas
(For families with four or more children the limit of the total area of the property extends to additional 15m² for every child after the third.)

Eligibility criteria
The applicant must be a person aged 18 years and above, being a Cypriot citizen or a citizen of a member state of the European Union who is permanently residing in the Republic of Cyprus and has no other property in Cyprus that is used as a permanent residence.

Calculation of the grant
The amount of the grant depends on the type and size of the residence, and it is calculated to area up to 130m².