It is wise to seek professional advice for the acquisition of immovable property in Cyprus, to ensure the terms of the agreement are negotiated in a fair and balanced way,

This will also ensure the proper investigations are conducted to prove the seller has the legal right to sell and the property is free from encumbrances or charges.

Clients will have the comfort to know that the necessary formalities are complied with in accordance to local laws and regulations.

Best of Cyprus will introduce clients to independent lawyers in the areas in which a purchase is being considered.

Purchases are made under ‘The Acquisition of Immovable Property (aliens) (amendment) Law 54(1)', which came into force the day of the Cyprus accession to E.U. on the first of May 2004. removing all previous restrictions on purchases by European nationals on type, size, use and payment in foreign currency.

All restrictions for EU nationals whether resident or not are expected to be lifted in the very near future.