Useful Information
The property registration process in Cyprus
According to the law relating to the purchase of property, non-Cypriots are entitled to acquire an apartment, house or plot of land for the purpose of building of an area of no more than three donums (4.012 sq.m).
In certain circumstances a non-Cypriot may be granted permission to own a property that exceeds these dimensions.
After the signing of the sales contracts and Aliens' Agreement, a written application for approval must be submitted to the Council of Ministers.
Transfer of ownership is a simple procedure through the Cyprus Land Registry Office, either by the buyer or by appointing a third party with a Power of Attorney. Non-Cypriots also need evidence that the property has been paid with foreign exchange.
The title deed when issued, will register the name of the buyer in the Government archives. Once the property is registered in the name of the purchaser, he/she has the right to dispose of it by Will.
Contrary to the risks involved in some other countries, Cyprus has never been involved in the expropriation of property owned by foreigners.