Real Estate

Buying property in Cyprus whether for personal use or for investment purposes, is likely to be an important financial decisions someone can make. Our firm can assist with the quality of legal advice and experience in this field, since we have countless experience in drafting of sale and lease agreements of real estate in Cyprus and abroad through our associated law firms abroad, the formation of wills, conveyancing and administrations.

Areas of practice include:

• Sale agreements
• Wills, probate and re-selling’s and estate administration
• acquisition of property by foreigners
• property management for non-residents
• estate planning and administration

Steps for Buying a property in Cyprus

1. Search on the title deeds of the property and obtaining certificates of registration and site plans;

2. Obtaining and checking the building and planning permits and any final certificates;

3. Carrying out background financial and stability checks on the sellers;

4. Drafting reservation agreement to regulate the terms on which the property is paid;

5. Perusal of the proposed sale agreement and modifying the same, if necessary, to fully cover your interests or drafting our own contract;

6. Drafting power of Attorney if necessary, enabling us to act for you in your absence;

7. Attending singing of sale agreement;

8. Stamping and depositing sale agreement with the Land Registry for specific performance purposes;

9. Preparing and submitting on client’s behalf application for a license to acquire immovable property in Cyprus where necessary;

10. Attending Land Registry and accepting transfer and registration of the property in client’s name and issuing title deeds.