Cyprus remains one of the more straightforward European jurisdictions for foreign buyers, but straightforward is not the same as automatic. The sequence below is what an orderly purchase looks like.
Reservation and due diligence
A reservation agreement takes the unit off the market. Before the sale contract, your lawyer confirms title status, encumbrances, planning and building permits, and the developer's ability to deliver clean title.
Contract and deposit
The contract of sale is lodged with the Land Registry, which protects the buyer's position. Payment schedules on off-plan purchases are normally tied to construction milestones.
Costs to budget for
Figures change with policy. Confirm current rates with your lawyer or tax adviser before committing.
BERKOS Team
BERKOS is an integrated real estate group in Limassol, Cyprus, covering development, construction, property management and the legal and financial work around them.
