The location of Cyprus in the eastern Mediterranean at the crossroads of Europe, Asia, the Middle East and Africa, its safe and protective legal system, in combination with its EU membership, the excellent infrastructure coupled with reliable communication with all parts of the world, the relatively low cost of living, its excellent climate and the friendliness and hospitality of its people, are just some of the reasons which have made Cyprus attractive to foreign investors.

The complexity of the legislation on immovable property and the formalities which need to be considered when dealing in immovable property, render it necessary, especially when foreigners wish to invest in immovable property in Cyprus, to seek and obtain from the start reliable and efficient legal advice in order to avoid unpleasant results and future undesirable consequences. It is imperative that prospective purchasers seek and receive such advice from independent and impartial legal advisors. Further, before entering into a contract for the purchase of immovable property, investors and buyers should ensure that a due diligence is carried out on the property.

Our Property Department deals with all matters relating to property, including transactions and disputes involving both commercial and residential property. Amongst other matters, our Property Department is able to offer assistance in:

• Conducting Due Diligence on Property;
• Drafting and advising on Property Sales Agreements;
• Providing advice on the Acquisition and the leasing of Property in Cyprus by foreigners and non residents;
• Estate Planning and Administrations;
• Wills, Probate and Re-sealing of Estate Administration;
• Drafting and advising on Leases;
• Litigation Assistance in both District and Rent Control Courts.

Our firm routinely answers queries from individuals and corporate clients and provides comprehensive advice on all aspects of commercial and domestic property matters. If you have a query or wish to receive further information, please contact our Property Department using property@cyadvocates.com.

An e-leaflet  regarding Property is is available for download under Publications.