Everything you pay on top of the price, itemised
VAT, stamp duty, transfer fee, permit, legal and utilities — with the actual rates and typical amounts on a real purchase price.
Last checked 2026-08-21 · Research desk, Ncyprus
The headline price is not the cost. On a £118,000 apartment the additional charges come to roughly £14,800, or about 12.5 %. They fall due at points in the process where you have least flexibility, so they belong in the budget from the start.
VAT (KDV) is charged at 5 % on new property and is normally payable at handover rather than at signature. Stamp duty on contract registration is 0.5 % and is due within the registration window.
The transfer fee is 3 % at the first-time buyer rate and 6 % thereafter. The purchase permit application runs to about £800 in fees. Legal representation is £1,200–2,000 and is the one line nobody should economise on.
Electricity and water connection is roughly £2,400 for a new unit and is often presented late in the process as though it were optional. It is not.
Questions
Are these rates current?
They were checked on 26-08-2026. Rates in the TRNC change with the budget and we re-verify this page each quarter.