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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
When selling a property in cyprus you will come across 3 main costs
Lawyer Fees
When selling a property in cyprus, having a lawyer is extremely useful.
A decent lawyer is defiantly worth the expense, especially when dealing with foreign language. It's also helpful to aquire legal expertise. They additionally know all the importance of property laws, confirming you don't miss any critical steps.
Overall, having a lawyer makes the process of selling a property much simpler and helps to avoid you from coming across any difficult legal challenges.
Estate Agent Fees
In extreme busy areas such as Larnaca or Paphos bills may be driven upwards due to towering demand.
Although, in quiet surroundings, around the Troodos mountains you're more inclined to possibly negotiate a lower fee from more local agencies.
Estate agent fees typically range from 1% to 3.5% of your home's sale price, but you may be able to find estate agents who offer flat-fees.
This would all come down to negotiation, as you could end up with less money being spent and kept safe in your bank.
In cyprus, when you sell a property you pay 20% tax of profit.
Yet there is a winning bonus: the first €17,086 of your profit doesn't get taxed at all, this is an exceptional privelge for each seller.
To figure out what a taxable profit is, you can take away certain costs from your sales price.
Generally, the seller of the property will need to provide the buyer with the following:
Using a currency broker when selling property in Cyprus can significantly boost the value you get from your sale.
Currency brokers specialise in navigating the volatile forex market, ensuring you time your transfer when rates are in your favour. They provide a tailored service, understand your distinct needs and offer ways to expand your returns. Plus, you benefit from personal guidance over the transfer process, making it stable and stress-free.
Common banks, like the bank of cyprus, are often the first landing of call. They’re dependable and secure but may offer less competitive exchange rates and higher fees for international transfers. This can really impact the amount you receive on the other end, especially for large totals when dealing with property sale processes.
Apps like Revolut have changed the banking world, offering quick , user-friendly, beneficial, strictly online platforms to move money domestically and internationally.
Online apps are especially engaging for smaller money transfers, providing flexibility and lowering costs compared to ‘classic’ banks. Yet, these resourceful apps do reduce a personal touch and bespoke advice that is outstanding when dealing with greater international transactions.
Again, their costs can be higher the more you look to transfer with up to 4% of the transferred amount.
We specialise in large and smaller transactions, offering more agreeable exchange rates than banks and personalised services that apps can’t match.
Picking Regency FX for your international transfer needs after selling a property in Cyprus can offer lots of reassurance and financial perks others may not provide.
With our skillful, experienced team we have great understanding of the market. Our professional traders will advise you through the transfer process, help you to get the finest rates and provide a favourable assistance that will take care of your individual needs without a fuss.
Our approach can lead you to extraordinary savings and a stress-free experience, making us an exemplary choice.
With Regency FX we guarantee very high standards of security and trustworthiness to make sure you feel safe and comfortable with your transfer.
Contact us today!
hello@regencyfx.com
More details on our home page https://www.regencyfx.com/
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