Cyprus. Abolition of stamp duty on real estate transactions

What was the situation before?

Stamp duty was calculated as a percentage of the property value and was paid when executing the sale and purchase agreement. Despite its relatively small size, it constituted a separate cost item that investors did not always factor in in advance, especially in transactions in the mid-range and premium segments.

What is the situation now?

As of 2026, stamp duty has been completely abolished. This means:
– the elimination of one of the mandatory payments when purchasing property
– more accurate and predictable budgeting of the transaction
– simplification of the legal and financial structure of the transaction

Market experts have long noted that stamp duty is an outdated regulatory instrument. Its abolition logically fits into the broader development strategy of the Cyprus real estate sector:

– fewer formalities
– more transparent and understandable rules
– increased attractiveness of the jurisdiction for foreign buyers

Such steps strengthen Cyprus’s competitiveness compared to other European markets and make the property purchase process clearer for an international audience.

From 2026, purchasing real estate in Cyprus becomes simpler and more cost-effective due to the abolition of stamp duty. This does not change the fundamental parameters of the market, but it lowers entry barriers and makes transactions more transparent in terms of costs.

For an investor, this is another argument in favor of Cyprus as a clear and predictable jurisdiction for real estate investment.

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