Synthèse factuelle
In Cyprus, the sale transfer fees for real estate transactions in Nicosia are structured into three bands: 3%, 5%, and 8%, applied based on the sale price or market value of the property. According to the Department of Land and Surveys (DLS), the first €85,430 of the sale price is subject to a 3% transfer fee. The portion of the price between €85,431 and €170,860 incurs a 5% fee, while any amount exceeding €170,860 is charged at 8%. These rates apply to standard property sales, but certain exceptions and exemptions may exist, such as transfers between close relatives or for specific categories of properties. The transfer fees must be paid by the buyer and are calculated on the declared sale price or the market value determined by the DLS, whichever is higher. Payment is made at the time of submitting the sale transfer application to the local District Lands Office in Nicosia, which handles registration and title transfer processes. Additional costs may include stamp duties and legal fees, which vary depending on the transaction complexity. Official information can be found on the Department of Lands and Surveys website (www.moi.gov.cy/dls).