Vital Verification Steps Before Buying A Property In Cyprus

This article describes the necessary legal research requirements, also known as the "due diligence" exercise that must be undertaken on behalf of an intended purchaser in connection with the potential purchase of property in Cyprus.  It is imperative for intended purchasers and their advisers to do the following checks before purchasing a property or even commit to purchasing a property by paying a reservation fee or deposit.

1. Title Deed

First and foremost, the purchaser must obtain and check a copy of the title deed issued by the Land Registry in order to verify ownership. The title deed will also indicate the exact location, the nature of the property, the total area and the most recent valuation according to the Land Registry, which is indicative but likely outdated.