Buying property in Cyprus is a safe and smooth experience - as long as a reputable agent is used.

Remember that professional agencies will only work with professional developers.

We have a large team of friendly and experienced consultants ready to guide you through every step of the way. Your personal consultant will:

• Help you to find the right property
  
• Introduce a solicitor to handle the contract
  
• Find the most competitive lender (if a mortgage is required)
  

Please note that Sold on Cyprus only sells property in the Republic of Cyprus.

• Find the Property
  
• Pay a Reservation Fee - usually € 3,500. This fixes the price and takes the property off the market, pending preparation and signing of Contracts
  
• Meet your Solicitor - prepare the Contract - sign the Contract
  
• Depending on the development, within approximately 4 to 6 weeks, pay balance of the required deposit - normally 20% to 30% of the sale price - less the initial Reservation Fee.


• The Contract is deposited at the Land Registry


• The remaining balance is paid during the build process - either using personal funds or a mortgage, usually in four stages until the final payment is made on delivery of property

• Cyprus has attractive tax incentives for foreign investors
  
• Since its accession to the European Union in 2004, Cyprus has enjoyed economic stability and is considered to have good future investment potential.
  
• EU citizens can open a business, work, live and buy more than one property in Cyprus.
  
• Buying more than one property creates the prospect of building a property portfolio to generate income (buy to let) - and create capital growth opportunities

• Solicitors' fees are approximately € 1727*
  
• Stamp duty has to be paid by the purchaser within 30 days of signing the Contract of Sale. The rate payable in Cyprus is € 2.59 per thousand up to € 173,000, and then € 3.45 per thousand over and above € 173,000. This is normally paid by the solicitor on behalf of the purchaser and added to their fees.
  
• Title Deed Transfer Fees- when the Title Deeds for the property are issued, a fee is incurred to transfer the freehold ownership to the new owner. These fees are shown below:
  
  
  

  Property Value	Transfer Fee
  Up to € 86,345	3%
  € 86,345 – € 172,700	5%
  € 172,700 and over	8%

  
  
• If the Contract of Sale is in two names the calculated values are halved and applied to each person. For example, the fees for a property valued at € 155,400 in two names would be based on € 77,700 each and levied at the rate of 3% for each purchaser. Note that Title Deeds take approximately 3-5 years to be issued but the property value is calculated at time of purchase, as per Contract of Sale.