29 Nov How to plan the Purchase of a Property in Cyprus
The Cyprus property market is again on the rise, as there is more and more interest from European and Non- European individuals in purchasing a property in the Republic of Cyprus.
It is really important for those individuals who are interested in purchasing a property in Cyprus to have a clean plan as to how to proceed with such a purchase and what factors to consider before purchasing a property in Cyprus.
Below I will outline some factors that each individual coming or currently living in Cyprus must definitely consider:
1) Firstly, it is very important to be aware and know your financial situation before you purchase a property in Cyprus.
2) Secondly, it is very important to know what are your current or future needs before purchasing a property in Cyprus
3) Thirdly, again you need to consider whether you are interested in purchasing an off-plan property or a ready made property.
4) Fourthly, you need to consider whether you will need to apply for a housing loan or not for purchasing a property in Cyprus.
5) Fifthly, you need to obtain professional legal advise from a lawyer of your choice to consult you and represent you throughout the whole process.
For any consultation regarding the purchase of a property in Cyprus you may contact us at 0035725255059 or at info@cmcylaw.com
Nikolas Christofinis
Advocate
Note: The above article does not constitute a legal advise and may not be relied upon for such purposes. Readers are recommended to take appropriate legal advice on the above subject matter.