All Posts in "Purchase – South Cyprus" Category

0️⃣ Quick Overview (TL;DR)Reservation (2–4 days) → blocks the price and unit. Due Diligence by lawyer (1–3 weeks) → verification of title and permits. Sales & Purchase Agreement (SPA) & Land Registry registration (within 60 days of signing). Payments according to plan / mortgage → + possible 5 % VAT request (main residence). Handover, utilities, management…

1️⃣ Difference between EU and non-EU citizens Buyer type Restrictions Required approvals EU citizen None – same rights as citizens of the Republic of Cyprus No special approval needed Non-EU citizen (third-country national) Yes – limits on number of units / property size Must obtain permission (Council of Ministers Approval / District Administration Permit) under…

🏛️ Basic InformationIn Southern Cyprus, ownership of a property is confirmed by a Title Deed – an official ownership document issued by the District Land Office.Without registration at the Land Registry, the transfer is not legally valid, even if the Sales & Purchase Agreement (SPA) has been signed and paid. The ownership transfer process is…

⚖️ Basic informationDue Diligence means legal and technical checking of the property before signing the Sales & Purchase Agreement (SPA).The goal is to verify that the property has no legal issues, liens, disputes, or risks, and that the developer is authorized to sell it. In Cyprus, this check is done by an independent lawyer (not…