How to Buy Property in Cyprus

Buying property in Cyprus is a safe and smooth experience - as long as a reputable agent is used.

Remember that professional agencies will only work with professional developers.

We have a large team of friendly and experienced consultants ready to guide you through every step of the way. Your personal consultant will:

Help you to find the right property Introduce a solicitor to handle the contract Find the most competitive lender (if a mortgage is required) Our unrivalled customer service is driven by the sole purpose of making sure the whole process of buying your dream home is as straightforward and efficient as possible Please note that Sold on Cyprus only sells property in the Republic of Cyprus.

THE BUYING PROCESS - 6 EASY STEPS

Find the Property Pay a Reservation Fee - usually € 3,500. This fixes the price and takes the property off the market, pending preparation and signing of Contracts Meet your Solicitor - prepare the Contract - sign the Contract Depending on the development, within approximately 4 to 6 weeks, pay balance of the required deposit - normally 20% to 30% of the sale price - less the initial Reservation Fee. The Contract is deposited at the Land Registry The remaining balance is paid during the build process - either using personal funds or a mortgage, usually in four stages until the final payment is made on delivery of property USEFUL NOTES Cyprus has attractive tax incentives for foreign investors Since its accession to the European Union in 2004, Cyprus has enjoyed economic stability and is considered to have good future investment potential. EU citizens can open a business, work, live and buy more than one property in Cyprus. Buying more than one property creates the prospect of building a property portfolio to generate income (buy to let) - and create capital growth opportunities OTHER COSTS Solicitors' fees are approximately € 1727*
●    Stamp duty has to be paid by the purchaser within 30 days of signing the Contract of Sale. The rate payable in Cyprus is € 2.59 per thousand up to € 173,000, and then € 3.45 per thousand over and above € 173,000. This is normally paid by the solicitor on behalf of the purchaser and added to their fees.
●    Title Deed Transfer Fees- when the Title Deeds for the property are issued, a fee is incurred to transfer the freehold ownership to the new owner. These fees are shown below: