Remote Purchase of Real Estate in Cyprus in 2025
You can complete a property purchase in Cyprus entirely remotely without visiting the island. Selecting a property, getting acquainted with the developer, arranging a power of attorney and buying a home online can be done in less than 2 months. Let’s examine the stages of buying an apartment in Cyprus to understand how to conduct a remote transaction and minimise your personal involvement.
According to Tranio experts, approximately half of foreign property investors in Cyprus conduct transactions remotely: this process is essentially the same as being physically present and saves several weeks when purchasing properties at the launch stage, when apartments are sold within days. Additionally, investors save money on flights and accommodation in the country.
From 233,000 €
Completion in: 2027.II Total of 105 apartments
From 230,000 €
Completion in: 2025.II Total of 43 apartments
From 700,000 €
67 units in total
From 510,000 €
Completion in: 2026.III Total of 24 apartments
Remote Property Sale in Cyprus
All procedures related to property purchases can be conducted remotely. If an investor wants to apply for permanent residency, they only need to visit the island once to submit their biometrics.
Step 1: Property selection
The property buyer submits an enquiry on the Tranio website or via Telegram, after which our experts in Cyprus provide a consultation and offer a selection of the best properties that match the request.
Get the most up-to-date property offers in Cyprus by enquiring with our managers.
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At this stage, a chat is set up with the client for further communication with Tranio managers. Here, the investor can ask initial questions, study market analytics with comments from our experts, and receive a selection of properties in their desired location.
Tranio experts pre-select suitable property options based on the investor’s requests and preferences, and organise online viewings to present the projects.
From 233,000 €
Completion in: 2027.II Total of 105 apartments
From 230,000 €
Completion in: 2025.II Total of 43 apartments
From 510,000 €
Completion in: 2026.III Total of 24 apartments
From 500,000 €
Completion in: 2026.IV Total of 44 apartments
Step 2: Getting acquainted with the developer and lawyer
An important stage of a remote transaction is getting acquainted with the developer. After selecting 2–3 properties, Tranio arranges an online meeting with the developers to answer questions about payment terms, guarantees, construction materials, completion dates and much more.
The most common concern for investors buying property remotely for the first time is encountering an unverified developer who doesn’t meet expectations. Tranio offers projects from reliable developers with solid reputations and at least 10 years of market presence.
We work with systemically important companies that have established themselves in the Cyprus market, and Tranio’s Cyprus office analytics department selects in-demand projects that will show high returns with a favourable price per square metre at entry.
At this stage, the client also meets the lawyer who will handle the transaction. The cost of legal support depends on the rates (usually 1% of the transaction amount). Sometimes this option may be included in the developer’s service package.
The lawyer discusses compliance conditions, fund transfers, VAT refunds, and permanent residency application procedures. A power of attorney for the lawyer is arranged remotely, and documents can be sent by post. The lawyer will handle paperwork and represent the investor in government institutions during the property registration procedure.
It’s important for us that clients have a clear understanding of the transaction process at this stage. Online meetings with developers and lawyers address most objections and questions about remote purchasing.
Step 3: Online viewings of apartments and showrooms
After selecting property options and meeting with the developer and lawyer, the client identifies several preferred apartments they want to view via video call.
Tranio’s local managers in Cyprus visit the property and arrange a call with the client. The investor becomes familiar with the neighbourhood, surrounding infrastructure, and construction progress. For clients with busy schedules, we record similar video tours.
Showroom viewings help form an image of the future apartment, with Tranio managers also arranging online presentations. At this stage, the client can see how the apartment or villa will look with furniture and finishing after completion.
115,000 €
Total area 30 m² 1 bedroom
57,000 €
Total area 30 m² 1 bathroom
66,000 €
Total area 33 m² 1 bedroom
365,000 €
Total area 75 m² 2 bedrooms
477,000 €
2 bathrooms
1,650,000 €
Total area 174 m² 2 bedrooms
278,000 €
Total area 160 m² 3 bedrooms
Step 4: Property reservation and signing the purchase agreement
At this stage, when the client has chosen the best property and is ready to sign the purchase agreement, the transaction process begins. First, the investor must pay a deposit of €10,000—€20,000.
The negotiation of the purchase agreement, its signing, invoice issuance, and payment of the first instalment typically takes 1 month.
Step 5: Payment and compliance
After invoice payment, the Cyprus bank conducts a KYC (know your customer) procedure, examines the origin of funds, and verifies the grounds for the transfer. The compliance procedure usually takes 7 days.
Step 6: Registering the transaction with the Cyprus Land Department
Transaction registration begins immediately after passing compliance. The lawyer submits documents to the Cyprus Land Department and registers the transaction.
The client transfers the remaining amount or pays according to the instalment plan. At this stage, the investor receives the certificate of title.
Step 7: VAT refund when buying property in Cyprus
The VAT rate in Cyprus is 19%, but buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:
- The purchase is made by an individual.
- The buyer does not intend to rent out the purchased property.
- The buyer does not own other property in Cyprus purchased within the last ten years with a reduced VAT rate.
- Under the reduced VAT, the property must be purchased for personal use as a residence.
The reduced VAT applies to the purchase or construction of primary housing for the first 130 square metres and covers the first €350,000 of the property value. The total property value should not exceed €475,000, and the property area should not exceed 190 square metres.
After purchasing the property, you can apply for a refund of the difference between the reduced rate of 5% and the standard rate of 19%.
Tranio managers in Cyprus support the transaction at every stage. Submit an enquiry for a consultation on buying property in Cyprus and receive a roadmap describing all the steps.Submit enquiry
Costs of Processing a Real Estate Transaction in Cyprus
The process of buying property in Cyprus involves several operational expenses. We’ve outlined the potential costs in the table below:
Expenses | Cost, € |
Transaction processing by lawyers, VAT refund and permanent residency application | from 0 to 10,000 |
Compliance in Cyprus | 0.0035% of the transfer amount |
Document translation, 1 document | 25–40 |
0% | |
Stamp duty, first €170,860 of property price | 0.15% of property value |
Stamp duty, remaining amount | 0.2% of property value |
Property title registration tax | from 3% to 8% of property value |
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