Real estate in Cyprus has seen a significant increase within the past few years due to favourable residency and citizenship schemes for the Non-nationals.
The firm’s Property Department provides a full range of services to a diverse client base and has the necessary skills to carry out sale or purchase of the property and the successful completion of the transaction.
Our experienced team can provide you with the advice and support necessary to protect your interests and secure your investment, whether you are selling or buying for residential purposes, investment or for development.
We can assist you throughout the process of buying a property, starting from the first steps which is the official searches at the Land Registry and checking the legal rights and burdens which come with the property until the issuance of Title deeds.
Furthermore, any other externalities that arise when considering or thinking of buying a new build home, especially when the property is still in the process of being constructed, and it is our job to make the whole process as smooth as possible.
In addition to residential property transactions of all sizes ranging from high value properties to small studios or flats for use as a home or as an investment, we have the expertise on advising in regards to the purchase and disposal of land.
We can also assist you with the tax implications of the purchase and sale of property or land and any immigration issues affecting Non-nationals clients.
Additionally, if you are a Cypriot citizen or a foreign national wishing to invest in property or sell in Cyprus, our Property Department can offer expert advice and act on the following:
- Due diligence on the property – Land registry search
- Reservation agreement
- Purchase of Cyprus property by a Non-national citizen;
- Purchase / sale of residential property
- Purchase / sale of commercial property
- Sale / Purchase Agreements / Contract of Assignments;
- Transfer of Property;
- Tax clearance;
- Apply for the reduced VAT rate of 5%;
- Property management;
- Landlord and tenant issues;
- Rental Agreement;
- Property disputes;
- Issuance of title deeds;
- Mortgaging and finance;
- Tax issues arising in the Real Estate transactions;
- Obtaining permits and regulatory approvals;
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