A typical Cyprus purchase follows:
(1) agree price and terms,
(2) your lawyer completes due diligence, including a Land Registry search for mortgages/charges,
(3) sign the Contract of Sale,
(4) lodge/deposit the contract at the Land Registry (often a crucial buyer protection step under Cyprus “specific performance” protections),
(5) pay any applicable taxes/fees and complete payments,
(6) transfer of ownership and title deed into the buyer’s name when available. If you’re buying new build/off-plan, the “title deed timeline” becomes a major point to verify upfront.
Most estate agents and developers in Cyprus will be able to assist you with this process, however we recommend using an independent lawyer for any property purchase or investment in Cyprus.
