Cyprus Property Investment
For a fixed fee, we provide 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
Related Guides
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.
About the Firm
From the very beginning of our company, we have been dedicated to assisting individuals in purchasing and relocating to Cyprus while also providing legal solutions.
As a result, many our our clients have become cherished friends. Despite our significant growth as a company, we remain committed to our core family values, which continue to define us presently and will continue to do so in the future.
Gregoris Philippou
PARTNER
Eleni Philippou
PARTNER
Ioannis Pitsillos
SENIOR ASSOCIATE
Maria Kokoridi
ASSOCIATE
Rafaela Dimitriadou
ASSOCIATE
Anne Morissey
PROPERTY ADMINISTRATION
Maria Filippou
PROPERTY ADMINISTRATION
Pauline Robinson
PROPERTY ADMINISTRATION
Anita Arden
PROPERTY ADMINISTRATION
Frequently Asked Questions
After you find the property you want to buy, you should appoint a lawyer to do the due diligence and contracts. The lawyer will take care of the transaction for you and ensure 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 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 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.