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Buy To Let Investment In Cyprus: Where And What To Buy

Find your dream vacation rental Any foreigner pondering of buying a property will not proceed if they assume there will be any downside with acquiring their title deeds. In most major international locations, each single property – whether pre owned or a new construct – will have its own individual title deeds out there earlier than the property is put in the marketplace. The amount is payable by the purchaser to the tax authorities. The authorized system is Cyprus is basically based on the British equal and safeguards the purchaser’s rights in many ways. For the purchaser’s safety, as soon as the settlement of property sale has been signed and a deposit paid, the Land Registry in Cyprus offers a easy and effective legal instrument known as the “Specific Performance”. This process protects the purchaser’s possession rights until the title deeds are issued and transferred to their name. The contract in the hands of the Land Registry cannot be withdrawn by anybody; and subsequently the property can't be leased, sold, transferred or mortgaged. Cyprus Property – To Buy or to Rent? I am so worried. Get instant notification of new listings, Cyprus property market news and price changes straight to your inbox by becoming a member of our mailing list.

Cyprus property