Get in touch with your local UK solicitor. Ask if they have an associated solicitor’s office in Southern Cyprus.
If they don’t, ask if he knows where to get a list of British Registered Solicitors who have associates in Cyprus.
Also contact the British High Commission in Nicosia. They have a list of solicitors you can download or you can contact their office in Nicosia. Here's the address...
The British High Commission
Alexander Pallis Street (PO Box 21978) 1587 Nicosia or BFPO 567 Telephone
+357 22 861100 British High Commission
How to find Good Cyprus Property Developers
Find out if a property developer is a member of the Cyprus Land & Building Developers Association visit the website below. Here is the Website for - www.lbda.com.cy – check address
Important note; Being a member of the CLBDA is no guarantee of how good the developer is.
Word of mouth is best. So talk to other buyers.
The address is…
30, Grivas Dhigenis Ave.
P.O. Box 21657
Phone : +357 22 665102
Fax : +357 22 669459
e-mail : firstname.lastname@example.org 2 Executives - Mr. Lakis Tofarides and Mr. Antonis Frangou
How to Find Registered Estate Agents in Cyprus
By law, Cyprus estate agents should be registered with the Estate Agents Registration Council in Cyprus.
Like anywhere else in the world, there are always those who work illegally. So don’t take their word as gospel. Get Proof on Paper
There is also a Cyprus Real Estate Agents Association – CREAA for short.
To protect you even more when buying Cyprus property, it is highly recommended that you use a Cyprus Estate Agent who is also a member of CREAA
You can download a list of registered estate agents who are also Members of the CREAA here CREAA When you get to their website, scroll down a little and click on the British flag for the english version.
Very Important Tip
Also take a look at The FIABCI
They are the worldwide Real Estate Agent Federation, which has a list of registered estate agents in Cyprus. Here is the website www.fiabci.org
If you buy a new property in Cyprus, a contract of sale will be drawn up by your solicitor. hHre are the most important things that need to be included in that contract.
Make sure the solicitor...
checks there is no mortgage on the land the property was built on and includes that statement in your contract of sale
There is no mortgage on the land the property is built on
Completion date of the new property and compensation for late completion
You have the absolute right to freely sell your property at any time
If you sell your Cyprus property before you get the title deeds, the maximum you will pay to change the contract to the new owners name will be €500 administration fee
You will get your title deeds within ? years
Land Registry and Your Contract of Sale
When buying Cyprus property, a copy of your contract of sale must be submitted to the Land Registry office.
You can go their yourself to check that they have recieved it.
Title Deeds in Cyprus
If you intend to make a full payment for your property in Cyprus you are entitled to the title deeds as soon as possible.
In Cyprus though, it has been a very slow process.
Recently, the process os getting a bit quicker, due to complaints by buyers.
Its still slow. From what we have learned, part of the problem is too few staff.
Buy a Bargain Private Resale Property in Cyprus
Due to the devastating economic crisis, the Cyprus property market has slowed to a snails pace.
There are lots of resale properties in Cyprus now.
They are much cheaper to buy than investing in a new property in Cyprus.
In many cases, the owners will include the furniture, white goods, satellite dish and maybe even a car in the price.
Another advantage is that you would be buying Cyprus property that is well established, maybe around 2-8 years old. So any initial snags you get with a new property have been fixed.
Many resale Cyprus properties are being sold privately by UK expats, so there’s no estate agents fee added to the price. Many owners are open negotiation too. Its definetly a buyers market in Cyprus, so bag yourself a bargain if you can.