Cyprus Property Investment

For a fixed fee, we providing expert legal guidance, thorough due diligence, and personalized support to ensure your property investment in Cyprus is secure, profitable, and hassle-free.

independent legal services and consultation FOR people buying or selling property in Cyprus

Get peace of mind when buying and selling property in Cyprus without concerns on title deeds, mortgages or other legal or construction issues.

Protect yourself from improper and costly advice by Developers and Estate Agents

1 Get proper advice and avoid mistakes when in Cyprus

Get proper and independent property advice for hassle-free investments in Cyprus.

We guide you through the process, highlight vital considerations, assist with document preparation, and set milestones for efficient progress monitoring.

2 Due diligence and contracts that protect you

Ensure property protection in Cyprus with diligent due diligence and robust contracts.

Our team conducts through investigations and drafts comprehensive contract to safeguard your interests. Trust us for peace of mind.

3 Focus on moving to your new home in Cyprus

When moving to your new home in Cyprus, let us handle the intricacies so you can focus on settling into your new life.

With our assistance, you can devote your energy to creating cherished memories and embracing the exciting opportunities in your new Cyprus home.

What our clients say about us

18 years ago we built a family holiday home in Potima, Paphos and began the association with Polycarpos and Philippou Law.

I have no hesitation in highly recommending the practice. With special thanks to Eleni and Anne.

SUE WAKELING
Administrator

If there is a professional company, with the best professionals who will advise you in the best possible way when buying a property in Cyprus. This company is called Polycarpos Philippou & Associates LLC. I recommend them with my eyes closed.

ROBSON SILVA
Courier

It’s a pleasure to work with your office. We are grateful to Ioannis and the team for their professional, patient, and supportive work. Special thanks to Eleni for supporting us from the beginning and assisting throughout the process. Huge thanks

DORON SHALGI
Civil Engineer

Investing in Cyprus 2024

Comprehensive Insights for Investing in Cyprus 2024

Cyprus has emerged as a premier destination for real estate investment, offering an ideal blend of affordability, lifestyle, and strategic advantages.

This comprehensive guide explores why Cyprus is a compelling market for property buyers.

Buy property in Cyprus

The Process of Buying property in Cyprus: A beginner’s Guide

Acquiring real estate in Cyprus is a simplified and stress-free procedure if the right assistance and consultation by the expert professionals is obtained.

In this guide you will find the simple steps to be followed, for a successful transaction.

Mistakes when buying property

5 Mistakes to avoid when buying property in Cyprus

We help people who want to move to Cyprus and buy a home avoid the anxiety and do their property investment in Cyprus safe and worry-free.

In this article, we refer to 5 common mistakes people who buy property in Cyprus make and how to avoid them.

Untitled design 61 cyprus

About the Firm

Greg Small cyprus

Gregoris Philippou

PARTNER

Eleni 2 Small cyprus

Eleni Philippou

PARTNER

Ioannis Small 1 cyprus

Ioannis Pitsillos

SENIOR ASSOCIATE

Maria Kokoridi

Maria Kokoridi

ASSOCIATE

Rafaela Dimitriadou

Rafaela Dimitriadou

ASSOCIATE

Anne Morissey

Anne Morissey

PROPERTY ADMINISTRATION

Maria Filippou cyprus

Maria Filippou

PROPERTY ADMINISTRATION

Pauline Robinson

Pauline Robinson

PROPERTY ADMINISTRATION

Anita Arden

Anita Arden

PROPERTY ADMINISTRATION

Frequently Asked Questions

After you find the property you would like to buy, you should appoint a lawyer to do the due diligence and contracts. The lawyer will take care the transaction for you and make sure that you have a smooth process.

You do not need to come to Cyprus at all during the conveyancing process. We can deal with almost everything for you.

It depends on the reason why the property does not have title deeds. Read our article for more information on why property in Cyprus may not have a title deed and how to decide if it is ok to proceed.

There are a few considerations about this. The estate agent profession is regulated in Cyprus. A regulated estate agent’s fees are deductible from capital gains tax calculations (on the profits from the sale) as a recognizable expense. Other than that you should look for someone who has sold properties in the area where your house or apartment is situated before and you enjoy working with.

Typically, most conveyancing transactions in Cyprus take anywhere from 3 to 6 months. We conclude most of our straightforward transactions in around 30-45 days. With our innovative Fast Conveyancing Initiative, we can do the conveyancing in 10-15 days or even less on certain occasions. Timing depends on the availability of funds, the cooperation of the involved parties (buyer, seller and their lawyers) and the date on which the seller wishes to vacate the property.

Typically the Estate agents’ fees are 5% plus VAT and these are paid by the seller of a property. If you are a buyer of property it may not make a difference whether the agent you use is a registered estate agent or not. If you are a seller of the property, you must be aware that the commission paid to a registered estate agent is deductible from any Capital Gains Tax you may have to pay due to the sale if you are making a profit. Commission paid to a non-registered estate agent is not tax-deductible.

The reservation deposit usually takes the property off the market for a period of around 30 days (or as otherwise agreed) to allow for searches to be carried out and the transfer of further funds for the signing of contracts.

Typically, a property buyer who backs down after paying a deposit loses the deposit. The Seller however may agree to return the deposit back but this is unlikely in most circumstances.

REACH OUT TO us FOR A FREE CONSULTATION

Get in touch with us today and receive expert advice on Residency, Property Purchase, and Business Setup in Cyprus.

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