- 24 May 2019
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The Land Registry in Cyprus is of great advantage since a buyer of immovable property can have his title as the unique owner of the land.
Foreigners are allowed to buy one real estate object for personal use (a flat or a plot of land for construction, or one house, and its entire area should not exceed 4012 square metres).
If a non-EU resident is about to buy a house needs to grand permission from the Council of Ministers.
Usually, the buyer agrees to make a pledge, pay an initial amount of money to the seller and the property is withdrawn from sale for up to 1 or 2 months.
The Council of Ministers grants permission to purchase this real estate object. After receiving confirmation of the Land Registry Office, you sign a contract. In order to make the contract, you may use legal services provided by our company. Legal services will constitute approximately 1% of the real estate price.
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