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Cyprus Real Estate Lawyers

Michalaki, Pitsillidou Law Firm > English Articles  > Cyprus Real Estate Lawyers

Cyprus Real Estate Lawyers

The real estate market in Cyprus has been in a high demand on the international level for the past few decades. Great location, over 300 sunny days within a year, safety and economic stability have made the island of Cyprus a very desirable for living. With the new outstanding real estate projects including towers all over island which are inspired mainly by the government citizenship program, the forecast for the market is the growth with the geometrical progression.

When it comes to sale or a purchase of a property Michalaki, Pitsillidou & Co LLC have a great expertise in the field which already counts over 25 years through its directors. Sometimes while going through the above procedure we can find the so called “underwater rocks” such as encumbrances, special rights, liens, memos, or bank mortgages.

Often people buy property once and they get into huge level of debt for the rest of their working life, thus it is important to get expert legal support in order to avoid any issues which may occur. We strongly advise our clients to always obtain legal support due to the fact that at the end of the day it is only for their benefit. And we are very proud because our experience can guarantee the result. We faced thousand of real estate cases over the yeas successfully.

The real estate lawyer should make sure that the following services will be delivered to the buyer of the property:

  • Support and assistance on the deal from the beginning till the final stage, foreseeing the risks and finding the efficient solutions.
  • Drafting a Pre-Sale and/or Sale-Purchase agreement
  • Payment assistance of the Sale-Purchase Agreement Stamp Duty.
  • Registration of the Sale-Purchase Agreement to the Departments of Land and Surveys.
  • Collect relevant property data from surveyors and make sure that the seller is the rightful owner.
  • To make sure that the seller has paid all outstanding expenses as bills, taxes, water and sewer, real estate taxes and other outstanding obligation.
  • Conduct the transfer of the property to the buyers’ name at the Land Registry Office.
  • Obtain a clean search on the property.
  • Obtain the approval from the Municipal District office for the acquisition of the property for non-EU citizens.

 

The following services will be delivered to the seller of the property:

  • Support and assistance of the deal from the beginning till the final stage, foreseeing the risks and finding the efficient solutions.
  • Drafting of Pre-Sale and Sale-Purchase agreements.
  • Payment assistance of the Sale-Purchase Agreement Stamp Duty.
  • Preparation on the paperwork required for Capital Gains Tax Declaration.
  • Tax Clearance obtaining from the Tax Office.
  • Assistance with payment of outstanding bills required for the property clearance (sewage, property taxes,municipality taxes etc).
  • Conduct the transfer of the property to the buyers’ name in the Land Registry Office

 

Michalaki, Pitsillidou & Co LLC real estate lawyers in Cyprus has a big role to play when it comes to the purchase and often the lease of properties. The competent and experienced lawyer is inevitable when it comes to conduct a smooth deal, he/she will safe your time and will avoid from making crucial mistakes and unexpected losses.

Michalaki, Pitsillidou’ & Co has years of expertise in the field of real estate, numerous successful deals, cases of different difficulties have made the company team real professionals which will take care of every phase related to your property.

For more information and guidance please email Michalaki, Pitsillidou & Co LLC Cyprus Lawyers, at info@impklawyers.com or visit our website at www.impklawyers.com Tel. +357 25660092 – Fax +357 25 660097

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