BUYING PROPERTY IN CYPRUS

Stamp Duty

The contract of sale must be duly stamped and the stamp duty is 1,5 per thousand for the first € 170.860,14 of the purchase price and 2 per thousand for the balance of the purchase price. The stamp duty should be paid within 30 days of signing of the contract

Transfer Fees

On transfer of the title deed into the name of the Purchaser, the Purchaser must pay transfer fees to the Land Registry Office.

Transfer fee rates are as follows:
 

Value of property (Euro)	Transfer fees
up to 85,430.07	3%
between 85,430.08 - 170,860.14	5%
over 170,860.15	8%

However, if the purchase is made in joint names the effective value for calculation is halved.

Please Note

The above information has been compiled as a general set of guidelines only and for most of the procedures mentioned it would be advisable to seek legal advice.