Christiana G. Georgiou

A Guide to Purchasing Real Estate Property in Cyprus

A Guide to Purchasing Real Estate Property in Cyprus

Cyprus has become an attractive place to live, leading to an increasing number of foreigners choosing to move to the island. Its warm climate, rich culture and history, and blue flag beaches create an ideal environment for an enjoyable life.

At the same time, its rising economy and safe environment make it the ultimate hub for business and family relocation

The Immovable Property (Tenure Registration, Registration, and Valuation) Law, Cap.224, regulates all matters related to property registration. There are no restrictions for EEA and EU citizens towards buying property. The same applies to legal entities headquartered in Cyprus or any other European member state.

Non-EU citizens are also entitled to own properties in Cyprus after obtaining approval from the Council of Ministers and signing a sale agreement.