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Purchase costs in Cyprus
There are many other costs to consider when buying property in Cyprus other than the cost of the property itself. These can vary based on the type of property you are purchasing and the price.
Below, we have outlined the main purchase costs in Cyprus.
Main costs of buying a property in Cyprus
The main costs to consider when buying a home in Cyprus are:
- Stamp Duty- 0.15% for properties under €170,860 and 0.2% over that (this is for the legal stamping of the contract)
- Property Transfer Fees - payable on the transfer of the title deeds to a property in Cyprus - when your lawyer transfers and registers the property in your name at the land registry.
- All newbuild (brand new) properties are subject to IVA (or value added tax, VAT) at 19%
- A survey (from a surveyor registered with the Cyprus Scientific and Technical Chamber) which will cost from around €500, depending on size of the property
Find out about these fees (and the sliding scales for Property Transfer fees) by downloading our Cyprus Buying Guide.
