To help give you confidence that you’re covering all the necessary steps when buying property in Cyprus, we have put together the following straightforward checklist of the key things you need to consider.
Decide what you are buying, where and why. If necessary take advice on this.
Instruct us as your independent lawyer.
Look at the cost of buying. Fix a budget. Stick to it.
Investigate finance and think about how to finance deposit.
Learn about the process of buying
Look at who should own the property
View properties / choose a property. Be honest with the estate agent about what you are looking for – that will save a lot of time for you and them.
Survey and valuation
Send any contract to us to review prior to signature.
Speak to currency dealer about getting the best rate for your purchase
If it is a reservation contract pay a small reservation fee
Lawyer carries out checks on the property and advises you on whether it is safe to proceed with the full purchase contract
Payment of Full purchase deposit
Lawyer deals with purchase
If you are moving to Cyprus arrange removal company
Arrange Power of Attorney if needed
Arrange insurance – contents / buildings / health
Signature of title deeds and registration at the Land registry
Make a Cypriot Will and review your English Will
Arrange for Fiscal representation
Enjoy a well deserved holiday in your new property
Need help buying property in Cyprus?
Our UK-based team of property lawyers are highly experienced in helping clients to buy and sell property in Cyprus, as well as handling a whole range of related issues, such as advice on Wills and inheritance.
With a thorough understanding of both UK and Cypriot law, we can provide clear, reliable legal guidance in plain English, giving you the confidence to deal effectively with property in Cyprus.