Property Buying Process in Cyprus

Step-by-Step Guide from Cyprus Realty Center

Buying property in Cyprus is a simple and secure process when working with a professional team.
Cyprus legislation protects buyers’ rights, and all transactions are conducted under the supervision of licensed lawyers and the Land Registry Department.

Cyprus Realty Center provides full support at every stage — from property selection to receiving the Title Deed.

1. Property Selection

Choose your ideal property from our extensive database — an apartment, villa, house, or commercial space.
Our specialists conduct a preliminary inspection, provide full information about the property, and arrange a personal or virtual viewing.
If needed, we organize an online presentation or an inspection tour to Cyprus.

2. Reservation Agreement

To secure your chosen property, a Reservation Agreement is signed and a deposit is paid — usually between 1% and 10% of the property’s value.
After that, the property is taken off the market, and your lawyer begins the legal due diligence process.

3. Legal Due Diligence

Your lawyer verifies:

• ownership rights of the seller,

• absence of debts, encumbrances, or mortgages,

• valid building and planning permits.

This is a mandatory step ensuring the safety and legality of the transaction.
Once verification is complete, the Sale and Purchase Agreement is drafted.

4. Opening a Bank Account & Payments

We assist clients in opening a bank account in Cyprus to facilitate payments.
All transactions are made officially via bank transfers, under the lawyer’s supervision.
Funds are transferred only after the legality of the transaction is confirmed.

5. Signing the Sale and Purchase Agreement

After finalizing all terms, the Sale and Purchase Agreement is signed by both parties and registered at the Land Registry Department.
This registration legally secures the buyer’s ownership rights until the Title Deed is issued.

6. Obtaining Permission to Purchase

Foreign buyers must submit an application to the Council of Ministers of Cyprus for official permission to acquire property.
This is a standard procedure for all non-residents.
While the application is being processed, you can already own and use your property.

7. Transfer of Title Deed

Once full payment is made and approval is granted by the Council of Ministers, your lawyer submits the documents to the Land Registry Department for the transfer of the Title Deed to your name.

• For resale properties, the Title Deed can be transferred immediately.

• For new developments, the Title is issued after construction completion and building registration (which may take several months).

Registration of the Sale Agreement with the Land Registry fully protects your ownership rights until the Title is issued.

8. Taxes and Fees

Before receiving the Title Deed, the following government fees must be paid:

• Stamp Duty: 0.15–0.20%;

• Transfer Fee: 3–8% (or exempted if VAT is applicable);

• VAT: 19% (or reduced 5% for first-time buyers).

All payments are transparent and officially documented.

9. Handover & After-Sales Service

After all formalities are completed, the buyer receives the keys to their new property.
Cyprus Realty Center provides full after-sales support, including:

• assistance with utility connections,

• property insurance,

• registration with tax and municipal authorities.

Advantages of Buying with Cyprus Realty Center

• Full legal, financial, and technical support throughout the process;

• Cooperation only with verified developers and property owners;

• Complete transparency and security of all transactions;

• Multilingual assistance in Russian, English, and Greek;

• Support with residency applications and tax optimization.

Cyprus Realty Center — Your Trusted Partner in Property Ownership

We take care of every step to make your property purchase in Cyprus comfortable, safe, and worry-free.
Whether you’re buying a seafront apartment or a luxury villa, our team ensures a smooth experience and absolute peace of mind.