A Cyprus property's value is set by recent comparable sales in the same area, adjusted for size, condition, view, title deed status and planning permits. For a quick idea, use an online estimate; to price a sale, ask for a free on-site appraisal; for a bank, court, tax or inheritance purpose, you need a signed report from a valuer registered with ETEK (the Cyprus Scientific and Technical Chamber).
The essentials at a glance
- Lextrus offers an instant online estimate and a free, no-obligation on-site appraisal for owners thinking of selling.
- Formal written valuations are signed by Stavroula Michail, ETEK-registered valuer (A248443), following RICS-aligned methods.
- Valuers mainly use the comparison method (recent sales nearby); income is used for rental or commercial property and cost for unusual buildings.
- The Land Registry's general valuation is a tax reference value, not a market price.
- A missing title deed or unauthorised additions without permits can reduce value and delay a sale.
How can I find out what my house is worth in Cyprus?
Start with an online estimate based on comparable prices in your area, then book a free on-site appraisal. A Lextrus advisor visits, checks the title deed and permits, and compares your home with recent sales and current competition to give a realistic asking price.
Is the Land Registry value the same as the market value?
No. The Land Registry's general valuation is a reference value used for fees and taxes. It is often well below what a buyer would pay today, so it should not be used to set an asking price.
When do I need a formal valuation report?
When a bank, court, tax office, executor or business partner needs an independent figure — for example a mortgage, refinancing, inheritance, divorce, company accounts or a dispute. These reports must be signed by a valuer registered with ETEK.
What affects a property's value in Cyprus?
Location and distance to the sea or city centre, internal and plot size, age and condition, view, parking, energy rating, whether a separate title deed exists, and whether every part of the building has planning and building permits.
How long does a valuation take?
An online estimate is instant. An on-site appraisal for a sale is usually arranged within one working day of your request. A signed valuation report typically follows within a few working days of the inspection, once title and permit documents are reviewed.
Does a free appraisal oblige me to sell with Lextrus?
No. The appraisal is free and carries no obligation. Your details stay confidential.
Get your property valued
Instant online estimate, then a free on-site appraisal by a Lextrus advisor — or a signed report from our ETEK-registered valuer. https://lextrusrealestate.com/valuation
