Buying property in Cyprus is an exciting step, whether you are investing, relocating, or purchasing a holiday home. However, it’s important to understand the extra costs that come with a property purchase. One of the key expenses is the Property Transfer Fee, which is paid to the Department of Land and Surveys when the title deed is transferred to the buyer’s name.

In this guide, we explain how transfer fees are calculated in Cyprus, and show you exactly what you would pay when purchasing a home worth €300,000.

🔑 What Are Property Transfer Fees in Cyprus?

Property Transfer Fees are a one-off government tax. They are payable by the buyer when the ownership of a property officially changes hands. These fees apply mainly to resale properties (where VAT was not paid on the purchase price).

For new properties where VAT is charged, no transfer fee is payable.

📊 Transfer Fee Rates in Cyprus

Transfer fees are calculated on a sliding scale per buyer:

  • 3% on the first €85,000
  • 5% on the next €85,000 (€85,001 – €170,000)
  • 8% on the remaining value (above €170,000)

If a property is purchased in two names (e.g., a couple), the purchase value is divided between them, which significantly reduces the total fee.

💶 Example: Transfer Fees on a €300,000 Property

Let’s see how much transfer fees would cost on a property valued at €300,000.

✅ If purchased by one person:

  • 3% on €85,000 = €2,550
  • 5% on €85,000 = €4,250
  • 8% on €130,000 (€300,000 – €170,000) = €10,400

Total Transfer Fee = €17,200

✅ If purchased in two names (joint ownership):

  • Each buyer is allocated €150,000 of the property value.
  • Calculation per buyer:
    • 3% on €85,000 = €2,550
    • 5% on €65,000 = €3,250
    • Total per buyer = €5,800

Total Transfer Fee = €11,600

⚖️ Important Notes for Buyers

  • If VAT was paid on the property (common for new builds), no transfer fee applies.
  • If VAT was not paid, transfer fees are charged but reduced by 50%.
    • In our €300,000 example: €17,200 → €8,600.
  • Always confirm with your lawyer or property agent whether VAT applies, as this makes a big difference to your costs.

📌 Key Takeaway

When budgeting for your Cyprus property purchase, don’t forget to include the transfer fees. For a €300,000 home, the fee could range from €8,600 (if reduced) to €17,200, depending on VAT status and whether you buy alone or jointly.

At Cyprus Homes, we guide our clients through every step of the buying process — from property search to title deed transfer — ensuring there are no hidden surprises.