PROCEDURE FOR PURCHASING REAL ESTATE IN CYPRUS

Taysmond Real Estate offers hundreds of ready (new and resale), under construction and off-plan properties in all categories - apartments, junior villas, luxury detached villas, penthouses and plots of land for residential and commercial construction.

1. PROPERTY LOOKUP

To begin a property selection process, browse the listings featured in our online catalogue, save them to your Favorite page, compare shortlisted properties, and proceed requesting additional details or scheduling a viewing. Another option is to fill out the Questionnaire on our website's Home page to request a personalized offer, or to contact us directly via email, phone, contact form, one of the messengers or live chat.

To narrow the search process among various options, the following basic search criteria must be determined:

Is there a particular area in Cyprus that you prefer?

What kind of property are you looking for (apartment, penthouse, junior villa, townhouse, detached villa, or land)?

What is your budget for purchasing real estate in Cyprus?

What is the size of your house and plot? How many bedrooms and bathrooms you need?

What are your reasons for purchasing a property in Cyprus (for example, investment, relocation, family home, permanent residency, taxation, or other opportunities)?

Do you have children? Do you have pets?

Do you or any of your family members have any disabilities, conditions, or other circumstances that would necessitate special accommodations? Are stairs permitted?

What kind of pool do you prefer (no pool, private pool, communal pool)? Is it important to you to have mature landscaping?

Do you have any special requests (for example, a sea view, an office or a study, a formal dining room, a patio/deck, a garage, a tennis court, a Jacuzzi, etc.)?

Are you looking for a new home, a resale home, or both? Would you be interested in investing in an under construction or off-the-plan project? Would you consider buying a property that requires renovation?

2. VIEWING A PROPERTY

We will gladly assist you with travel arrangements, secure discounted rates for staying in one of our partner hotels or residences, arrange airport pickup and conduct comprehensive property tours, whether you are staying in Cyprus or planning a trip from abroad. Please allow enough time for your visit due to variety of real estate for sale. Aside from property viewing we will do an inspection of the Golf Resorts facilities and nearby attractions, allowing you to experience the authenticity of the Cyprus Golf Resort real estate options.

3. RESERVATION 

When you have decided on a property and are ready to move forward with the transaction, you will pay a reservation deposit (typically 5% of the property price) and the property will be removed from the market. Simultaneously, you may retain the services of a Cyprus lawyer to assist you with the legal aspects of the transaction. Please keep in mind that you can sign a reservation contract and complete the property purchase process without visiting Cyprus.

4. SALES AGREEMENT AND PAYMENT

A particular property has been reserved for a month. During that month, your lawyer will go over the property documents and the sales agreement. When you receive confirmation from the lawyer that the agreement is complete, you may sign it and proceed with the payment of the full property value or the first instalment (as per agreement). When the agreement is signed, a stamp duty is paid. The lawyer also seeks permission from the Cyprus Council of Ministers to acquire property, which is a required formality.

5. REGISTRATION AND TITLE DEEDS

Following the completion of the purchase, the agreement must be registered with the District Land Department and the property entered into the Land Registry. This serves as confirmation of ownership until the owner's title is received. The Land Committee issues the property's Title Deed following an inspection of the built property. You will become a registered home owner after the Title Deed is issued. The transfer fee does not apply to new properties or land.

Here you can find detailed information on Cyprus Real Estate Taxes and Fees.

READY TO DISCOVER YOUR IDEAL PROPERTY IN CYPRUS? CONTACT US NOW for Expert Assistance in Buying or Renting the perfect space for you! For immediate assistance, feel free to connect with us through one of the messengers.