CYPRUS BUYING GUIDE

Buying your home in Cyprus: A snapshot of the steps involved

Buying a home in Cyprus is a very different process to the one you are probably used to. Here, at Orange RE, we will assign you a team, which can get you in touch with English-speaking solicitors who are experienced in working with non-residents.

A brief guide towards a purchase of a dream home in Cyprus is as follows:

1. Working out your finances

The most important thing to do before committing to any purchase is to work out the costs which may be incurred when buying a home in Cyprus.

2. Agreeing a purchase

Once you have identified a suitable property in Cyprus, the first step is to agree the purchase price with   the seller. Your lawyer (can be assigned by Orange RE) will then complete the appropriate searches and property investigations to ensure that you have all the information you require to decide whether you want to continue with the purchase.

3. Confirming the terms

The terms of purchase must be confirmed in writing. At this point funds are usually lodged in a local bank account or with your lawyer to show the seller that you have a real intention to proceed to completion.

4. Exchanging Contracts

Once your offer has been accepted, the contracts of sale will be signed and exchanged. The contract will reflect all the agreed terms of the offer and sale and will include the date of final completion at the Notary.

Here, at Orange RE, we hope that you will find you new dream quest an enjoyable experience.

NOTE:

Having once been a British Colony, i.e. Cyprus, and indeed still a member of the Commonwealth, the laws involving property ownership are based upon British Law.