ARTICLES
The real estate market in Cyprus has grown in recent years, mainly by foreigners. The Cyprus provides many different advantages that make it ideal for the relocation of foreigners and young entrepreneurs. There are many foreigners who exercise their right to exceptional naturalization , which means that they invest in Cyprus and in the real estate market in order to obtain Cypriot citizenship.
The real estate market in Cyprus has grown extensively. Cyprus provides many advantages for the relocation of foreigners and young entrepreneurs.
However, there are pitfalls in the property market that an interested seller or buyer should avoid. Before concluding a purchase agreement, the necessary inspections of the property must be preceded by the Department of Land Registry, the Department of Urban Planning, Banking institutions, etc. It is therefore recommended that a lawyer contributes to each purchase.
Α lawyers contribution
A lawyer will be able to provide his clients with the appropriate information and guidance before the buying or the selling of a property.
Indicatively, the services that a lawyer can offer are:
- To check if there are any real or legal encumbrances on the property.
- To check if the property is affected by expropriation, binding road construction, foreclosure, opening of future road network, etc.
- To check if the property can be developed for the purpose for which the buyer wishes to buy it.
- To draw up the Contract of Sale
- Submit the sales document to the Land Registry.
- To make sure that the price is paid and that the transfer of the property is completed.
A lawyer with deep knowledge of the Law of Real Estate can safeguard the legal interests and rights of his client.
DILINOS & ASSOCIATES LLC provides specialised services so that the purchase and the sale of real estate can be processed safely, risk free.
Contact us to receive the most reliable real estate guidance