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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Selling a property in Cyprus can feel like a big task, especially if you’re unfamiliar with local costs and procedures. Whether it’s a holiday home or a long-term investment, knowing what to expect before you sell can save time, money and stress.
This guide explains the key costs involved, the documents you’ll need and how to transfer your sale proceeds back to the UK securely and efficiently.
When selling property in Cyprus, working with a lawyer is highly recommended. A local property lawyer ensures that your documents, contracts and legal obligations are handled correctly from start to finish.
It’s particularly helpful if you’re selling from abroad or not fluent in Greek. Your lawyer will take care of the small but important details, helping the transaction move smoothly.
They will:
Legal fees vary but a reliable lawyer is well worth the cost. Their guidance helps you avoid delays, disputes and unnecessary complications.
Estate agent fees in Cyprus generally range from 1% to 3.5% of the property’s final sale price. The rate depends on location, property type and demand.
In busy coastal areas such as Paphos, Limassol and Larnaca, competition is higher, so agents often charge toward the upper end of that scale. In quieter areas, like around the Troodos Mountains, smaller local agents may offer lower or negotiable rates.
Some agencies now offer flat-fee options, which can work well for higher-value properties. Taking the time to compare agents and agree on fees before you list can make a noticeable difference to your final return.
Capital Gains Tax (CGT) applies when you sell property in Cyprus. The rate is 20% of your profit but there’s a useful tax-free allowance to reduce your bill.
Every seller receives a €17,086 exemption, which means the first part of your profit isn’t taxed.
Here’s how to calculate your taxable gain:
Before completion, sellers must supply several key documents to the buyer. These confirm ownership, compliance and property details.
They include:
Having these ready early helps speed up the process and reassures buyers that everything is in order.
Once your sale is finalised, the next step is transferring your funds back to the UK. There are a few ways to do this, each with their own pros and cons.
Banks such as the Bank of Cyprus are secure but they usually offer less competitive exchange rates and charge higher transfer fees. For large transactions, even a small difference in rate can have a big impact on the amount you receive.
Apps like Revolut and Wise make smaller transfers quick and simple. However, for large property transactions, they can charge up to 4% in fees. These platforms don’t provide personal support or market insight to help you time your transfer.
A currency broker offers competitive rates, low fees and personal service. Brokers monitor the market closely and help you transfer when rates are most favourable. This often leads to better value overall, especially for high-value transfers.
At Regency FX, we help UK property sellers in Cyprus move their funds securely and efficiently. Our service combines expert market insight with competitive exchange rates and a personal touch.
Here’s what sets us apart:
Every client is treated individually, with a service tailored to their needs. Whether you’re transferring €50,000 or €500,000, our goal is the same to make sure you get the best rate and a smooth experience from start to finish.
It isn’t a legal requirement but having one is strongly recommended. A lawyer makes sure your documents are in order and that the sale complies with Cypriot law.
Timelines vary depending on the property and buyer but most sales complete within two to six months.
Yes. Capital Gains Tax applies based on the profit from your sale, regardless of what you do with the funds afterwards.
Yes. We can send your proceeds directly to your UK account at competitive exchange rates and with no hidden fees.
Selling property in Cyprus doesn’t have to be complicated. With the right legal support and a trusted currency specialist, you can complete your sale smoothly and get more from your money.
Get a free quote today and find out how much you could save.
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