Selling Property in Cyprus: Steps, Tips & Obligations

Selling a property in Cyprus is not merely a financial transaction — it is also a legal process that requires accuracy, proper guidance, and up-to-date knowledge. The key steps and considerations for any seller are as follows:

1. Title Deed Check
The title deed must be clear and registered in the seller’s name. Any mortgages or legal encumbrances must be settled before the transfer can take place.

2. Preparation of the Sale Agreement
A lawyer prepares the sale agreement, clearly outlining the terms of the transaction. It is crucial that both parties’ rights and obligations are adequately addressed.

3. Submission to the Land Registry
Once signed, the sale agreement must be filed with the Land Registry within a specified timeframe to secure the buyer’s rights.

4. Tax Obligations
The seller must ensure that all relevant taxes and dues to the state are settled (e.g., Immovable Property Tax, municipal fees, etc.).

5. Legal Support
Having a lawyer ensures that each stage of the process is handled properly, pitfalls are avoided, and the seller is fully protected.

Conclusion:
Selling property in Cyprus requires legal accuracy and organization. With the guidance of an experienced lawyer, the process becomes straightforward and secure.