Steps to Buying Property in Cyprus
You have made the decision to buy property in Cyprus. For many buyers the legalities and formalities are the most confusing. However, we make it as easy as possible by outlining the steps involved in buying your dream house in Cyprus and the fees that you will need to account for.
You have found the right property - you have made an offer on a property, and it has been accepted by the sellers, you will need to appoint a lawyer who will represent you in Cyprus and assist you with the legal, technical and financial matters in purchasing a property in Cyprus.
In the Cypriot system, there are 2 main categories of properties. The first are properties that have their own individual title deeds at the time of purchase. The second are properties that do not have their own individual deeds at this stage of the purchase. The issue of the individual deeds is dependent on the completion of the project, and the subdivision by the Lands Office. The properties with title deeds, can be easily transferred in the name of the purchasers, considering that the only requirement for the purchasers is a permit from the District Office, which is granted as a matter of formality. Such a permit is not required if the purchase concerns land, purchased by Europeans.
The legal formalities to purchase immovable property in Cyprus are as follows -