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Cyprus Expat Answers

What are the costs when buying property in Cyprus?

Short answer

When buying property in Cyprus, the main costs can include the purchase price, VAT or transfer fees, stamp duty, legal fees, survey or valuation costs, mortgage costs if used, and possible property maintenance or communal charges.

Main explanation

For new properties, VAT may apply. For resale properties, transfer fees may apply instead.

The official Cyprus transfer-fee calculator notes that if a transaction is not subject to VAT, a 50% exemption on transfer fees may apply. Buyers should still check the current position before making an offer.

Useful next step

Use the CyExpats property purchase cost calculator before making an offer.

Useful next step

Ask your lawyer to confirm VAT, transfer fees, stamp duty, title deed position, and contract costs.

Related links

Related calculator Cyprus Property Purchase and Tax Calculator Related guide Buying Property in Cyprus Related calculator Cyprus Rental Cost Calculator Personal help Request Personal Help

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This page gives general information only. Cyprus rules can depend on your residence, income type, documents, timing, and family situation. A personalised check may be useful before making decisions.

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This page is general information only and is not tax, legal, immigration, financial, or investment advice. Cyprus tax rules and contribution rules can change, and your personal situation may be different. Always check with a qualified adviser before making important decisions.