🇨🇾 Cyprus

Property Taxes and Buying Costs in Cyprus

Budget 2–6% on top of the price for a resale apartment. On a 60 m² apartment in Larnaca (about €156,000) that is roughly €3,120–€9,360.

Costs when you buy

Land Registry transfer fees (resale)
3% up to €85,000, 5% to €170,000, 8% above; halved (50% exemption) when no VAT is paid
VAT on new builds
19% standard; 5% on the first 130 m² for a main permanent residence, subject to price and size caps
Stamp duty
Abolished from 1 January 2026
Lawyer
approx. 1% of price

Costs while you own

Immovable property tax
None (abolished from 2017)
Municipal fees
Small annual municipal and sewage fees

Tax on rental income

Rental income is taxed at Cypriot progressive income tax rates after a 20% deduction; non-resident individuals file a return in Cyprus.

Frequently Asked Questions

What taxes do you pay when buying property in Cyprus?↓
Land Registry transfer fees (resale): 3% up to €85,000, 5% to €170,000, 8% above; halved (50% exemption) when no VAT is paid. VAT on new builds: 19% standard; 5% on the first 130 m² for a main permanent residence, subject to price and size caps. Stamp duty: Abolished from 1 January 2026. Lawyer: approx. 1% of price.
What are total closing costs in Cyprus?↓
Typically 2–6% of the purchase price for a resale apartment.
How is rental income taxed in Cyprus for non-residents?↓
Rental income is taxed at Cypriot progressive income tax rates after a 20% deduction; non-resident individuals file a return in Cyprus.
Buying property in Cyprus: step-by-step guide →
Property prices in Cyprus →Apartments for sale in Cyprus →Rental yield calculator →

Last reviewed 2026-10. General information, not tax or legal advice: rates change and often depend on region and buyer status, so confirm with a local notary, lawyer or tax adviser. Sources: Demetriades Law: Cost of buying property in Cyprus.