OKCyprus

Buying property in Cyprus is easier than you think and is not very different from purchasing in the UK.

Laws are based on the British system, making it very straightforward and familiar.

Once an offer is made and accepted, a nominal deposit, between £2,000 Euro and £4,000 Euro, to reserve the property is given.  Unlike the UK, this process is legally binding, so there's no fear of gazumping in Cyprus.  Contracts are then drawn up, which only takes a few days.  Upon signing of the contract, the buyer must pay at least 20-30% of the value of the property; the remaining sum paid according to the terms agreed with the developer.  On a re-sale, as in the UK, 10% is paid on exchange of contracts, the remainder on completion.  The agents' commissions, as in the UK< are paid by the seller.

We understand that buying property overseas is a vast step for most people especially when some local laws and processes are unfamiliar.   We have therefore developed a list of advisers that we can recommend, who are available to act for you on an independent basis.  These organisations are experienced not only in the local market, but are used to working for overseas purchasers, and have an excellent understanding of the questions and issues that will concern you.

Alternatively you may wish to appoint your own advisers.

If you have a query not covered here, simply e-mail us at Diese E-Mail-Adresse ist gegen Spambots geschützt! Du musst JavaScript aktivieren, damit Du sie sehen kannst. and we will endeavour to find an answer for you as quickly as possible.  Basically, we will assist you in any way we can!