Residential buildings for sale in Cyprus

Here are the simplified steps to purchase a residential building in Cyprus:

1. Decide how much you can spend on the property and extra costs like taxes and transfer fees.
2. Find a property that meets your budget and requirements, considering location, size, rent-out opportunities, and what the place offers.
3. Arrange a viewing of the building with our real estate agent.
4. Make an offer to the seller. We can assist in negotiating a better price.
5. Once the offer is accepted, hire a lawyer to handle the legal process. We can help you to find a reliable property lawyer.
6. Check everything with your lawyer to avoid issues later. Look into the property's history, paperwork, and possible problems.
7. Pay a deposit to secure the block of apartments and sign a pre-contract (Reservation agreement).
8. Proceed with signing the contract and paying part of the remaining balance.
9. If you are a non-EU citizen, obtain permission from the Council of Ministers through your lawyer.
10. Register the contract of sale with the Cyprus Land Registry Office. Pay the remaining part of the purchase price.
11. If the property has title deeds, before paying the remaining balance, you must get a Land Registry appointment, pay the transfer fees, and transfer the title deed.
12. If the commercial property is new, you must pay 19% VAT, and there are no transfer fees.

DeveloperCyprus can assist you at any step of the process.