The property buying procedure is remarkably straightforward. Compared to many countries, buying property in Cyprus is relatively easy.

Under the Cyprus Law your Contract of Sale of Immovable Property must be in writing. It is also advisable that contracts of sale be deposited in the relevant District Lands Office within two months after the signing of the contract, so that the purchasers right to pursue the remedy of specific performance in the event of breach can be protected. Ownership in Cyprus is denoted by title deeds, issued by the District Land Office. All contracts must therefore provide for the transfer and registration of the property in ones name and for obtaining a title deed.

If the property purchased is within a project with common areas, a general agreement is signed on possession of the property and a community fee is levied to cover the property owners share of the cost of cleaning, repairing and maintaining the common areas i.e. electricity for outside lighting, landscaping, gardening, swimming pool maintenance and management fees. These are calculated per square metre for each property, payable annually in a lump sum at the beginning of each year. This price may escalate per annum, in accordance with the law of the Republic of Cyprus Retail Price Index, which is in accordance with inflation and the cost of living.

On completion of the building work, your architect obtains a Certificate of Approval from the District Administration. Government representatives visit and inspect the property before issuing the Certificate.

Once the Certificate is issued, you file an application at the District Land Office to update the Title Deed together with:

• Certificate of Registration (Title Deed) of the property.
• Building Permit with all plans and terms attached thereto.
• Certificate of Approval Building.

When the District Land Office is satisfied that the property has been built in accordance with the permits and plans, it updates the Title Deed showing that a building now occupies the land.

Do not make any changes to the property until it has been inspected by the representatives from the District Administration. Even small changes might result in a delay in issuing the Certificate of Approval.

Long Beach Property Developers
3 Gr. Afxentiou Ave., Avensia Court 3, Shop 1
P.O. Box 40626, Larnaca 6306, Cyprus

Telephone: +357 24 82 40 24
Mobile: +357 99 47 78 79 or +357 99 44 55 30
Facsimile: +357 24 82 40 25
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