How To Buy Property In Cyprus? Legal Aspects Of Real Estate .

Consider the sequence of actions required to purchase a property in Cyprus Cypriots. 1. Preparation and signing of the contract. Once a reservation – we highly recommend that you use the services of competent lawyer. Not only did he produce such a contract, which will serve the best interests of both parties to the transaction, and ensure their safety, but also to check all aspects of legal purity of real estate.

This is done by treatment in the Land Registry, where the lawyer will be able to get all the details about buying your property and provide an easy purchase and subsequently receive a title holder in your name. When the contract will be fully prepared, with taking into account all the interests of both the seller and the buyer, it can be signed, and what is important from the buyer to sign a contract lawyer may, acting by proxy. Incidentally, this same power of attorney can be further serve as counsel in preparing all necessary documents and finalize the transaction. 2. Pay a registration fee on time. Since the signing of the contract begins 30 days that the state has allocated to the buyer to pay state fees. This registration fee is calculated approximately as 1.5 euros for every 1000 euros the cost of housing up to 150,000 euro and 2 euros to 1000 euros each value exceeds that amount. We always recommend to learn from your attorney at the current rate of state duties this moment, as from time to time they may vary.

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