Helpful Information.

The Island of Cyprus is a very attractive and beautiful place to live. It has much to offer, not only for the thousands of holidaymakers that flock to its shores every year but also the expatriates and foreign residents.

"The Island of Love" is what it is called, the Island and the local people of Cyprus are truly that.

Property and land is appreciating rapidly as Cyprus is "The" place, especially as Cyprus approaches entering the E.U.

The prices of property and land will no doubt soar.

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Buying Property in Cyprus

Below is a brief summary about the purchasing of property/land.

As an expat/foreign national having found property you wish to buy, you are allowed to purchase a building or piece of land up to two donums in size. (One donum = 1338m2).
However application to purchase up to three donums can be granted in special circumstances.

Purchasing of property in Cyprus is free hold.

To purchase property you enter a contract of sale, an agreed deposit is paid and the property is then signed over to you.
You then have to apply to the council of ministers for permission to purchase the property
The contract of sale is then forwarded to the land registry and then registered. This is to protect you the buyer, until permission has been granted and the title deeds are transferred into your name and issued.

Once the contract of sale is deposited with the land registry, it cannot be withdrawn by any party, except by you the purchaser. 
This whole procedure is best handled by an advocate/solicitor. Our associated advocate who comes highly recommended (Andreas C. Konnaris LL.B) email: konnaris@cytanet.com.cy will ensure your contract of sale is secure and deposited with the land registry. He will then make your application to the council of ministers. For future question or enquires Mr. Konnaris will be more than happy to help.

There are many very good, informative sites on the Internet regarding more in depth information about Cyprus in general. Please email us requesting these sites.