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ARTICLE · 12 SEPTEMBER 2023

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Top 10 Pitfalls To Avoid When Buying Property In Cyprus

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Purchasing property in Cyprus can often have a number of potential pitfalls. We always urge potential purchasers to exercise extreme caution when buying a property, particularly if the title deed...

CyprusReal Estate and Construction
Charles Savva
Charles Savva
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Purchasing property in Cyprus can often have a number of potential pitfalls. We always urge potential purchasers to exercise extreme caution when buying a property, particularly if the title deed is not readily available, being a common scenario encountered when purchasing new property in Cyprus.

We are regularly approached by EU and non-EU nationals interested in acquiring property in Cyprus, with many such cases connected to a residency by investment application, as well as High Net Worth Individuals (HNWIs) considering tax migration. We are also regularly approached by clients who have already purchased property in Cyprus and have encountered legal/tax issues during the course of the acquisition. In most such cases, the simple reality is that the problems could have been avoided had the purchasers been aware of the proper process for acquiring property in Cyprus, and avoided the pitfalls that can be encountered along the way. The purpose of this article is to

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