Property law in Cyprus FAQ

Frequently Asked Questions on Cyprus Property

How can I buy a house or apartment in Cyprus?

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 manage the transaction for you and ensure a smooth process.

Do I need to come to Cyprus at all if I am buying or selling a property?

You do not need to come to Cyprus during the conveyancing process. We can handle almost everything for you.

Can I buy a property in Cyprus without a title deed?

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 okay to proceed.

How do I choose to which estate agent to give my property to sell?

There are a few considerations. The estate agent profession is regulated in Cyprus. A regulated estate agent’s fees are deductible from capital gains tax calculations as a recognisable expense. Look for someone who has sold properties in your area and whom you enjoy working with.

How much time does it take to buy a property in Cyprus?

Typically, most conveyancing transactions in Cyprus take 3 to 6 months. We conclude most straightforward transactions in around 30-45 days. With our Fast Conveyancing Initiative, we can complete the process in 10-15 days or even less on certain occasions. Timing depends on the availability of funds, cooperation of involved parties, and the seller's vacating date.

How much are Estate agents’ fees in Cyprus, and who pays these?

Typically, the fees are 5% plus VAT, paid by the seller. If you are a buyer, it may not matter if the agent is registered. However, sellers benefit from tax deductions on commissions paid to registered agents.

How long does a reservation deposit take the property off the market?

The reservation deposit usually takes the property off the market for about 30 days, allowing for searches and further fund transfers for contract signing.

What happens if I change my mind after paying the reservation deposit for a property?

Typically, a buyer who backs out after paying a deposit loses the deposit. The seller may agree to return it, but this is unlikely.

What do I need to pay if I am selling property in Cyprus?

You may need to pay:

• Legal fees, VAT, and disbursements
• Any outstanding mortgage
• Balances to utility authorities and local taxes
• Agent’s commission
• Immovable Property Tax (IPT)

Additionally, sellers must deliver an Energy Efficiency Certificate, though some buyers may not insist on it.

What do I need to pay if I am buying property in Cyprus?

You may need to pay:

• The purchase price
• Transfer Fees (or VAT if the property is new)
• Legal Fees, VAT, and Disbursements
• Cost of utility connections

Why would I give a power of attorney to my lawyer in Cyprus?

This makes transactions easier and faster, as buyers or sellers don’t need to be in Cyprus during the transaction.

Can I give a power of attorney even if I am not in Cyprus?

Yes, you can. We will explain how to do this at the start of a transaction.

How do I prove my source of funds in Cyprus banks?

Depending on the bank’s requirements, we provide a list of necessary documents and assist you in the process.

Can I pay for the Cyprus property I am buying with Sterling Pounds?

Yes, if both the seller and the buyer agree.

Can the purchase price be paid by the seller to the buyer directly in the UK?

Yes, but proper safeguards must be in place to ensure safe execution of payments and related actions.

What happens if the Cyprus property I want to buy is mortgaged?

We will verify and ensure the mortgage is lifted if the amount is less than the purchase price. If it exceeds, the bank must agree to remove it for less. We ensure the deed is clear upon transfer.

How can I find a property for sale in Cyprus?

Typically, through estate agents, developers, or your own network.

What do people mean when referring to “blocked title deed process”?

A law allows buyers to apply directly to the Land Registry to transfer title deeds, bypassing developer issues. For more details, see our blocked title deeds guide.

Can I use the Cyprus developer’s lawyer?

This is risky as you and the developer have conflicting interests.

Do I need to use my own lawyer in Cyprus?

You should. Legal terminology and drafting can be complex, and omitting important information can be detrimental.

What is the Cyprus title deed procedure?

The process begins with land division, followed by planning and building applications. After construction, authorities ensure compliance with licenses before issuing the final approval certificate. Separate title deeds are issued post-approval.

Should I buy a Cyprus property without title deeds?

This depends on the reason for the lack of title deeds, the price, and your purchase reason. For more information, read our guide.