If you purchase a property without having the title deeds transferred to your name, you are not the legal owner of the property.
Never buy a property without title deeds!
These usually state that when title deeds are issued, the deeds will be transferred to your name without any mortgages.
The question is, when will the deeds be issued?
City Living is a modern real estate office in Limassol, Cyprus. We are licensed and have over 30 years real estate experience.
Through our website you can find properties to buy in Cyprus, as well as
properties for long term rent
and properties for short term rent (holiday rentals).
You can search for the exact property you are looking for, with confidence that information is up to date and accurate. All types of properties can be found through our website. You can find properties such as luxury villas, houses, apartments, and land.
We also offer many useful tools such as a capital gains tax calculator and
fees calculator for transferring the title deeds
of your property. To understand why these tools are relevant for purchasing property in Cyprus, you should read our
essential information for buying property.
Amidst the recent fears surrounding bank deposit haircuts in Cyprus, many individuals are unable to access their money held in Cypriot banks or fear that their money is unsafe. It is important to remember that banks allow money transfers to be made for the purpose of purchasing assets, such as real estate.
If you fear that your money will be lost by holding it in a bank, it would be wise to purchase real estate assets equivalent to the amount you would like to withdraw from the bank. In doing so, you can secure yourself by holding a physical asset that cannot be taken from you rather than potentially losing your savings overnight.
Please contact us if you would like to find out more about how you can purchase real estate even with the bank restrictions in effect.