Cyprus Tel: +357 97 773345
UK Tel: +44 (0)79 0840 4062
Email: info@cypruspropertyandhome.com

 

Frequently Asked Questions

We have compiled a number of frequently asked questions to help you understand the basics of buying property in Cyprus.

How can I be sure that everything is going ahead as planned if I have returned home?

Before leaving Cyprus you should have signed a Power of Attorney with a Cypriot lawyer. Once you have returned home, a sales contract will be drafted and sent to you for your approval. At this point any questions you may have can be posed to your lawyer and answered prior to your authorisation to proceed with the signing of the sales contract on your behalf.

 

Can I buy multiple properties?

Yes you can, we will recommend the best method of doing this and our company lawyer will discuss the options available and the various benefits to purchasing multiple properties through a structured purchase.

 

What if I am unable to sign documents personally?

It is normal practice to give your lawyer Power of Attorney so they can sign the contract of sale and connect utilities into your name on your behalf.

 

Is it possible to purchase a property from overseas?

If having returned home you decide to proceed on a property this can still be done. Ideally if you have arranged a Power of Attorney during your visit, then the process is much easier, if not, we can arrange this from your country of residence. You will need to transfer a reservation deposit before your offer is officially accepted and the property is taken off the market.

 

What if I change my mind on a property?

The reservation deposit is an official intent to purchase the property and is non-refundable.

 

How long does it take between signing the contract and completion?

Searches do need to be made by your lawyer and this process can take anywhere between two and six weeks.

 

Do I have to use your lawyer when I purchase a property?

No, you are free to use a lawyer of your choice or we can recommend one.