
Compared
to many other countries the process of purchasing property
in Cyprus by foreigners is very simple.
Non-Cypriot buyers
are entitled to a FREEHOLD ownership of a villa, an
apartment or a piece of land with maximum allowed extend
of 4 013 m2 (four thousand thirteen square metres).
To
purchase property you enter a contract of sale, an agreed
deposit is paid and the property is then signed over
to you. You then have to apply to the council of ministers
for permission to purchase the property.
The contract of sale is then forwarded to the land
registry and then registered. This is to protect you
the buyer, until permission has been granted and the
title deeds are transferred into your name and issued.