Real Estate Agent Commission in Cyprus: What You Pay and What You Get
When you decide to sell your property, one of the first questions that comes up is the cost of professional help. How much is the real estate agent commission, when do you pay it, and what exactly does it cover?
Understanding the fees from the start helps you plan your sale with confidence and avoid misunderstandings later. Here's a clear explanation of how brokerage fees work.
How Commission Is Set
In Cyprus, estate agent commission is not fixed by law. It is agreed between the property owner and the agent and should always be set out clearly in a written agreement before any work begins.
Commission is usually calculated as a percentage of the final sale price, plus VAT. At G&P Lazarou, our standard commission is 5% of the sale price plus VAT. In most cases, it becomes payable only when the sale is completed, as set out in the agreement. This gives the agent a strong reason to work hard for a successful result.
What the Commission Covers
Commission pays for much more than a listing online. A professional agent invests time, expertise and money in selling your property, including:
- Marketing: Professional photography, video, advertising on property portals and targeted social media campaigns
- Buyer management: Handling enquiries, screening potential buyers and arranging viewings
- Pricing advice: Using market knowledge to help you set a realistic asking price
- Negotiation: Managing offers and counter-offers on your behalf
- Coordination: Working with lawyers, banks and valuers until the sale is completed
You can learn more about our services and advisors at G&P Lazarou.
Why It Can Save You Time and Money
Some owners see commission as an extra cost they'd rather avoid. In practice, a good agent often saves you a great deal of time, effort and stress.
An experienced negotiator works to achieve the best price the market will realistically pay, which can make a real difference to what you receive in the end. Agents also help filter out buyers who aren't serious and check early on whether a buyer has the financing in place, reducing the risk of a deal falling through.
Choose a Licensed Professional
Always work with a licensed estate agent. In Cyprus, estate agents must be registered and licensed by the Council for the Registration and Licensing of Estate Agents, which gives you added protection and the assurance that you're dealing with a qualified professional. Ask for the agent's licence number before signing an agreement.
Our experienced team works with full transparency about fees and services, so you know exactly what to expect from the first meeting to the final signature.
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