:: Legal & Financial ::
Legal System
The legal system in Cyprus is based on the British system. It protects the purchaser’s rights in many ways. For the purchasers protection the Cyprus land registry provides a simple and effective legal "instrument specific performance”.
Once the contract of sale is signed and the deposit has been paid, the contract is registered at the land registry. This protects the ownership rights until the title deeds are issued and transferred to the purchaser’s name. Once the contract is lodged with the land registry it cannot be withdrawn by anyone. The property cannot be leased, sold, transferred or mortgaged unless by the purchaser.
Finance Options
The Central Bank of Cyprus requires that acquired property must be paid for with external funds. Bank transfers and personal cheques are accepted.
ATLANDAS PROPERTY BROKERS, are happy to discuss the individual needs for each prospective buyer with regards to methods of payment. Demonstrating maximum flexibility, Atlandas can propose a method of payment that matches your circumstances. In-house financing with long-term payment schedules can also be discussed.
Cyprus financing for residential property & for investors is similar to the UK when the process is completed. However the process of getting there is not the same! We can assist you with all the paperwork involved and we have developed agreements with all of the lenders whilst developing our systems to smooth out the applications.
- We now have fixed rates from 4%
- Low start rates from 4.9%
- No payments for 12 months buying off plan.
- Plans to include purchase costs.
- Non resident 15 year plans.
- Any currency property loans.
- Deposits from 25%.
Your deposits are safe as they are always paid to the lawyers client account and not directly to a developer. Reservation holding deposits normally circa CY£1000 can be paid by credit/debit card to give card holder protections for your peace of mind.
We have pre arranged investor packages built to order.
