The acquisition of real property in Cyprus is increasingly popular. Real property in Cyprus can be acquired in accordance with the necessary legislation of that State. First, there is a so-called pre-contract following the choice of home or apartment. It's a legal reserve of the real estate. Real property in Cyprus is low on the northern part of the island. Houses, villas, apartments in the south cost more. In general, an apartment in Larnaca or Limassol can be purchased from Euro40,000 and a small villa of Euro180,000. With great demand for real property, the booking contract protects the rights of the buyer, because the object is removed from sale until the conclusion of the main sale contract. It is possible to buy immovable property in Cyprus from the sea on its own, but it is best to apply to a firm providing such legal services.

Buy an apartment. In Cyprus, it is not possible without the opening of a bank account, that is why the seller remittances for the transaction. After all necessary preliminary steps have been taken, the buyer and the seller conclude a sales contract. Upon signing the contract, the lawyer submits an application to the Council of Ministers to obtain permission to purchase real property.

Registration of the treaty at the Land Department of Cyprus. Titul's receipt.

Once the application to the Council of Ministers has been filed and approved, the registration of the contract with the Land Department of the country should be maintained. This ensures the security of the buyer ' s rights before obtaining the most important document of the Titul for real property. If the seller holds Titul's hands, the processing of property rights takes place quite quickly. Titula usually has secondary real estate sellers. At the time of construction, Titul ' s design is performed after the construction of the real estate facility has been completed. Titul's confirmation process will take three to six years. But this should not scare the buyer, because under the laws of Cyprus this document is a direct proof of ownership of the purchase.

There are some nuances of housing acquisition in Cyprus. Sometimes they don't put their homes or villas into service to avoid paying taxes. You can live in a house like this. Real property taxes in this State are, by themselves, a herb fee dependent on the market value of housing, a tax on Titul, an annual real estate tax, and a VAT on housing.