Buying property in Cyprus can be a good investment, but it is important to check the legal position before you sign anything. A proper review can help you avoid delays, extra costs, and problems after the purchase.
1. Check the Title Deed
You should confirm who owns the property and whether a separate title deed exists. If there is no separate title deed, your lawyer should check why, and whether there is any risk for the buyer.
2. Check for Mortgages or other Burdens
A Land Registry search should be carried out to see whether the property has mortgages, charges, liens, or other restrictions. This is one of the most important checks before you commit to the purchase.
3. Check Planning and Building Permits
If the property is new or under construction, make sure the seller has the correct planning permission and building permits. It is also wise to check whether the property has a certificate of final approval, where relevant.
4. Check Whether Anyone is Living There
If the property is already occupied or rented out, your lawyer should check for leases or tenancy rights. This matters because the buyer may have to respect existing agreements and for properties built before 1999, the provisions of the Rent Control Law may apply.
5. Check the Total Cost
Do not look only at the purchase price. You should also check VAT, transfer fees, legal fees, and any ongoing charges such as communal fees. Stamp duty has been abolished for documents executed from 1 January 2026 onwards, so it is no longer a cost on new transactions. First time buyers of a primary residence can contact us to learn more about the current 5% VAT regime.
6. Check the Real Condition of the Property
A legal review is not enough on its own. It is also sensible to inspect the property carefully, and in some cases to ask an engineer or surveyor to review it.
7. Sign and Deposit the Contract Correctly
Once the contract of sale is signed, it may need to be registered with the Land Registry Department. This helps protect the buyer’s rights until the transfer is completed.
For buyers in Cyprus, the safest approach is: do not rush, and do not rely only on what the seller says. A careful legal review before signing can save time, money, and stress later.
Contact us to review your property purchase and assess any legal risks before you sign.
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📧 Email us: info@paraschou.com.cy
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This article is provided for general information purposes only and does not constitute legal, tax, or other professional advice. It should not be relied upon as a substitute for specific advice on any individual matter or transaction. Professional advice should be obtained before acting or refraining from acting on the basis of any information contained herein.
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