Property Buyers Guide



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The process of buying a property in Cyprus CHOSING A PROPERTY Once you have the property you want to purchase we recommend that no money changes hands until you have met with a lawyer. LAWYER We will introduce you to English speaking local lawyers if you do not already have a lawyer. The lawyer will be able to answer all your questions and once they have checked out the property will give the real picture including any problems which they might find. This is not...
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Before Title Deeds are issued in Cyprus the completed development needs to be inspected and approved by the land registry. Once approved, the developer can start the process of getting the Title Deeds issued. If it's just a single property, this can happen very quickly. However, if it's part of a larger development the length of time it takes for your title deeds depends on whether you bought towards the start of the development or the end of the development. So...
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VAT Refunds in Cyprus:-Since Cyprus joined the European Union, VAT has been imposed on the sale of all new property at the rate of 15%. (now increased to 17%)A rebate scheme has been introduced enabling certain categories of buyers to claim a VAT refund on certain types ofproperties. The VAT regulations on property sales:- Sales of land are exempt from VAT. Although it was anticipated that value added tax would be introduced on sales from 1st August 2008&n...
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