Buying Property With Title Deeds

Purchasers buying a property built some years ago or a one unit and not part of a complex, can acquire their Title Deed immediately.  The procedure is exactly the same as in the U.K. It is wise to appoint a local Lawyer. The Lawyer must then make a search and if the results are satisfactory, contracts can be exchanged immediately. The Vendor then provides the Title Deed wi...

Buying property without Title Deeds

Purchasers buying property which is part of a complex will probably not be able to get their title deeds immediately if it is a new complex. If it is a resale from a previous buyer, and not the developer, the title deed might have been issued. Even if it is not issued, your purchase can be safe and secured if the appropriate safeguards are taken by your lawyers.  Purchaser...

Cyprus Property Taxes

Transfer FeesThe purchaser will be liable to pay the following transfer fees for the property acquired, when this is registered in his/her name at the Land Registry Office. The fees are charged on the property’s market value at the date of purchase. Property Value in € – %Up to 85,000 – 3%85,001 – 170,000 – 5%Over 170,000 – 8%(Th...

Property Running Costs

Municipality ChargesMunicipality charges each household must pay for waste removal around €50 to €200 per year depending on the area. Communal ExpensesCommunal expenses are introduced in most of the complexes for maintenance of communal areas such as lifts, pools and gardens. Depending on the development, communal fees vary between €30 to €100 per month.&nb...