The Buying Process
1. Decision to buy
2. Registration of your interest
2. Registration of your interest
Whether you want to buy a vacation home, make an investment, relocate to Cyprus, or obtain Permanent Residency by purchasing real estate, thorough and thoughtful planning is required to guarantee that you select the right property for the right reasons.
2. Registration of your interest
2. Registration of your interest
2. Registration of your interest
Once you have registered your interest with us, it will be clear that we are here to help. Whatever your situation, our devoted team will take the time to listen to your needs and priorities to get a clear picture of what you need, as well as address any questions or concerns you may have.
3. Property Selection
2. Registration of your interest
4. Property reservation and payment of a reservation deposit
We will be able to determine which options are ideal for you and present a shortlist of properties most suited to your unique needs after discussing your individual property needs in depth with one of our dedicated sales consultants.
4. Property reservation and payment of a reservation deposit
4. Property reservation and payment of a reservation deposit
4. Property reservation and payment of a reservation deposit
The acquisition procedure begins with the completion and signing of a reservation agreement once you have decided on a property. The ultimate price, as well as the other purchasing terms, will be agreed upon. All agreements must be written down and included in the reservation contract. The property will subsequently be taken off the market and reserved in the name of the potential buyer with a deposit. We will be able to provide you with professional advice and assistance on the optimal purchase strategy for your specific situation.
5. Preparation of the contract of sale
4. Property reservation and payment of a reservation deposit
5. Preparation of the contract of sale
An expert real estate attorney will draft the contract of sale. Before beginning with the contract preparation, your lawyer will validate your details, organise the paperwork, confirm any special arrangements relating to the acquisition, and do their own searches and checks on the property as part of the legal procedure.
6. Signing of the contract of sale
4. Property reservation and payment of a reservation deposit
5. Preparation of the contract of sale
Both parties can sign the contract of sale once the following points have been agreed upon and confirmed in writing: property purchase price, payment conditions, fixtures and fittings to be included in the purchase, and any additional items/installations agreed upon.
Our audit company does a complete due diligence review on the property and conducts a local search to guarantee that it is clear of any mortgages or encumbrances.
7. Submission of the contract of sale to the land registry department
7. Submission of the contract of sale to the land registry department
7. Submission of the contract of sale to the land registry department
The contract of sale must be stamped and lodged with the Land Registry department within 180 days after both parties have signed it. This is known as ‘specific performance,' and it ensures that a specific property is registered in the new owner's name. You are the legal owner of the property once the contract is signed.
8. Completion of the sale
7. Submission of the contract of sale to the land registry department
7. Submission of the contract of sale to the land registry department
If you have purchased an off plan or partially constructed property from us, we will keep you updated on the property's progress until it is completed.
We will send you a formal notice of completion around a month before your property is finished.
We could arrange delivery and key handover after we receive the complete payment for your property. If you have acquired a finished property from us, hand over will be arranged as soon as the full payment has been received in our account.
9. Additional services
7. Submission of the contract of sale to the land registry department
9. Additional services
Our professional team of accountants will also be able to assist in opening of bank accounts in Cyprus, as well as the registering of a company in Cyprus, should you wish to start a business here.
As previous South Africans, we will assist you with a professional group of individuals to help and guide you for the best services, to make the move to Cyprus seamless, when you need.