Home » Cyprus » Cyprus – Selling Property

Cyprus – Selling Property

  • Obtain a Property Title: In order to sell a property in Cyprus, the seller must have a clear title to the property. This means that the property must be registered in the Land Registry and the seller must be the registered owner.
  • Prepare a sales contract: The contract should include details of the property, the parties involved, and the terms and conditions of the sale. It should be signed by both the buyer and the seller.
  • Notarize the contract: The contract must be notarized to make it legally binding. This can be done at a local notary office.
  • Register the contract: Once the contract is notarized, it must be registered with the local land registry office. This is to ensure that the new owner’s name is added to the Land Registry.

Capital Gains Tax in relation to Property in Cyprus

  • Capital gains tax is a tax on the profit made from the sale of a property.
  • The tax rate in Cyprus is 20% on the profit made from the sale of a property.
  • If the property was owned for more than 5 years, a lower tax rate of 10% applies.
  • The tax must be paid within 30 days of completing the sale.

How Easy is it to Sell Your Property Yourself in Cyprus?

  • Selling a property yourself in Cyprus is possible, but it can be a complex process.
  • It is recommended to seek legal advice and assistance to ensure that all the necessary steps are followed correctly.
  • Having a good understanding of the local property market and being able to communicate effectively with potential buyers can also help to make the process easier.

Is Property Exchange Popular in Cyprus?

  • Property exchange is not a common practice in Cyprus.
  • Most property transactions in Cyprus involve buying and selling properties for cash or through mortgages.
  • Property exchange, also known as a “barter” is not a common way of buying or selling property in Cyprus.
  • The process for selling a property through barter is similar to selling a property for cash, and the same legal procedures must be followed.


Latest Videos

Expat Focus

848 subscribers

Move abroad easily with Expat Focus.

Expat Focus
How easy is it for a foreigner to find a job in Denmark, if they haven’t been fortunate enough to line up something for when they arrive? What sectors are they most likely to find work in, and what are some need-to-knows about Danish workplace culture? My guest to answer all of these questions and more is Kate Dahl, a career consultant for internationals in Denmark.

How easy is it for a foreigner to find a job in Denmark, if they haven’t been fortunate enough to line up something for when they arrive? What sectors are they most likely to find work in, and what are some need-to-knows about Danish workplace culture? My guest to answer all of these questions and more is Kate Dahl, a career consultant for internationals in Denmark.

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_WxdwaxP4LIg

Expat Careers In Denmark

Expat Focus 25 September 2023 11:00 am

Writer and Editor Kirsten Raccuia is known for her Sand in My Curls blog, which until recently, was all about her expat life in Malaysia. We last spoke at the height of the global pandemic, when she and her husband were closing in on a decade in Penang. Fast-forward a couple of years, and they’re in a new country, Mexico. I’m chatting with Kirsten again to find out what factors influenced their decision to move, and why Mexico? And what it was like to close the Malaysia chapter of their life abroad.

Writer and Editor Kirsten Raccuia is known for her Sand in My Curls blog, which until recently, was all about her expat life in Malaysia. We last spoke at the height of the global pandemic, when she and her husband were closing in on a decade in Penang.

Fast-forward a couple of years, and they’re in a new country, Mexico. I’m chatting with Kirsten again to find out what factors influenced their decision to move, and why Mexico? And what it was like to close the Malaysia chapter of their life abroad.

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_2iutaBgsCRk

Moving From Malaysia To Mexico

Expat Focus 15 August 2023 3:23 pm

A topic that comes up quite often in our Facebook groups is moving abroad with children. What’s the ideal age? Especially if they're going to need to learn a new language? What about the best time of year to move? And how do you make the assimilation process, from learning new cultural norms to making new friends, as smooth and enjoyable as possible? My guest today is someone who can speak from experience. Sharon Green is the founding editor of online publication SHE DEFINED. And in 1998, just before she turned 12, Sharon migrated with her family from Durban in South Africa to Melbourne in Australia. Sharon’s going to share her experience of being a third culture kid, and how it has shaped her sense of belonging as an adult.

A topic that comes up quite often in our Facebook groups is moving abroad with children. What’s the ideal age? Especially if they're going to need to learn a new language? What about the best time of year to move? And how do you make the assimilation process, from learning new cultural norms to making new friends, as smooth and enjoyable as possible?

My guest today is someone who can speak from experience. Sharon Green is the founding editor of online publication SHE DEFINED. And in 1998, just before she turned 12, Sharon migrated with her family from Durban in South Africa to Melbourne in Australia.

Sharon’s going to share her experience of being a third culture kid, and how it has shaped her sense of belonging as an adult.

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_62EMRLnSni4

Growing Up As A Third Culture Kid In Australia

Expat Focus 26 July 2023 6:48 pm

Load More... Subscribe
This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feed settings page to add an API key after following these instructions.