CYPRUS PROPERTY · PURCHASE BUDGET
Cyprus property purchase cost calculator
Compare VAT and transfer-fee scenarios, add your legal costs, and see the cash you may need to complete.
ESTIMATED CASH TO COMPLETE
Purchase total less the deposit entered
Property price —
Transaction tax
—
Other costs —
Total purchase budget —
How the scenarios work
For a VAT-taxable transaction, the Department of Lands and Surveys says transfer fees are not charged. For a non-VAT transaction, transfer fees are calculated in bands and the general 50% reduction is applied in the standard scenario. This page shows a transparent estimate only.
Transfer-fee bands used in the estimate
The raw calculation uses 3% up to €85,000, 5% from €85,001 to €170,000, and 8% above €170,000, then applies the 50% reduction. The authority can use market value where applicable and exceptions exist.
About the 5% VAT scenario
The reduced rate is not automatic. It depends on the statutory conditions and application. The Cyprus Tax Department publishes its own 5% calculation tool for qualifying purchase or construction cases; use that official tool and professional advice before relying on a figure here.
What to add separately
- Legal and contract-review fees
- Independent survey or valuation
- Mortgage arrangement, valuation and insurance costs
- Currency conversion and bank charges
- Moving, furnishing and initial repairs
Official sources: Department of Lands and Surveys — transfer fees · Tax Department — 5% VAT calculation tool.