HOW MUCH TRANSFER TAX WILL I HAVE TO PAY?

The transfer of the title can be effective once the Council of Ministers' permission is obtained along with confirmation of receipt of the foreign funds. Upon transfer and registration in the purchaser’s name, the district Land Registry Office will charge transfer fees which are based on the market value of the property at the time of purchase – as follows:

• Value up to CY£ 50,000 3%
• CY£ 50,000 -CY£ 100,000 5%
• CY£ 100,000+ 8%

Read also:

• Why Cyprus
• Buying property in Cyprus
• FAQ about Cyprus
• Distances between major locations
• Weather in Cyprus