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  1. Home
  2. Buyers Guide
  3. Property Transfer

Property Transfer

Real Estate Transfer tax-fees are necessary in order to transfer FREEHOLD ownership to the name of the buyer. The transfer fees will be paid when the transfer of the title deed in the name of the purchaser will take place. The Purchaser is responsible for the tax payment. The rates are on a graduated scale.

 

Value of property (CYP)

Transfer fee rate (%)

 up to 50,000

 3

 from 50,001 to 100,000 

 5

 from 100.001 and over  

 8

 

If the property is in joint names e.g. of a couple (husband and wife) or two individuals, then the purchase value is divided into two parts which results in reduced transfer fees.

The example clearly illustrates this

For property purchased for CYP 70.000 in one name, the fees payable are CYP 2.500.

For Property in one name

Up to CYP 50.000 @ 3% = CYP 1.500

The remaining CYP 20.000 @ 5% = CYP 1.000

Total fees payable = CYP 2.500

For property purchased for CYP 70.000 in the names of two persons, the fees payable are CYP 2.100.

For property in the names of two persons

First CYP 35.000 @ 3% = 1.050 (Share of husband)

Second CYP 35.000 @ 3% = CYP 1.050 (share of wife)

Total fees payable = CYP 2.100

Buyer's Guide
Legal Information
Property Ownership
Property Transfer
Property Taxes

We select properties in Cyprus that have potential and ability to gain maximum value.


We pay great attention to the location, according to the future town plans, for Nicosia, Limassol, Larnaca, and free Ammochostos.

Contact us today at:

Telephones:
+357 24828028
+357 24828029

Fax: +357 24622103

Address:
23 Makariou Avenue, Pieris House, Office 2, CY-6017,
Larnaca, Cyprus

Directions to the office

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