Agreeing on a purchase from a private individual commonly involves a small holding deposit followed by a formal sale agreement drawn up by a lawyer, to be signed by both parties. The agreement will include the mode of payment and time frame, depending on whether Council of Ministers approval is required for the purchaser.

Buying a property from a developer will generally involve stage payments as the building progresses.

In all cases, the services of a lawyer that is experienced in property, is strongly recommended.

Since acceding to the EU in 2004, the rules for Europeans buying property has been under revue, so for up to date information on the buying process, stamp duty, transfer taxes and re-selling, please press here.

How to Buy Property in Cyprus

On cyprus.angloinfo.com