Purchasing Cyprus property
Purchasing Cyprus property
It is essential that any foreign investor interested in viewing property in Cyprus needs to establish a relationship with a real estate broker in the region who is well reputed and reliable. It should be noted that the laws and restrictions differ in both regions, that is, North and South Cyprus so it is vital that you get a real estate broker who has full knowledge of the laws in the specific region where you intend to buy the property.
South Cyprus has a similar banking system and property sales as the one in Britain and this is because they has been a great British influence that has seen a lot of business investments in Cyprus. The real estate agents functions involve the provision of legal assistance and cooperating with government officials as well as utility companies to ensure that the property has a valid title and the utilities are in the new owners name. Furthermore, the real estate agent must work with the government to enable you to get the Cyprian residential visa which of course without it you cannot purchase any property in cyprus.