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Legal System
It goes without saying that you should employ an English speaking Lawyer
who can advise you on your home purchase. The Legal system is similar to
that in England whereby your solicitor will perform all necessary searches
on the property, ensure it is free of charges and has the necessary planning
and building permission. In addition, he will confirm the contract for purchase
is fair and legally correct. In addition to the normal legalities associated
with property purchase, your lawyer will secure a permit for the Council
of Ministers allowing the registration of the property in the name of the
purchaser and secure the central bank certificate allowing registration,
These are mere formalities and do not affect your right to occupy the property.
With accession by Cyprus to the E.U. all previous regulations regarding
the amount of property
a foreign national could acquire will be lifted. Expect to pay around CY£1100
plus applicable stamp duty for legal services. |
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Our Latest Cyprus Newsletter
partners
Investment Property In Cyprus - Partner Programme
Overseas property ownership jumps
45%
Over the last two years the number of overseas property owners
has increased by a staggering 45%, with 250,000 more households
now owning an overseas property than in June 2004.
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