One of
best things about buying property in Cyprus is that, within certain limits, your world really is your oyster, i.e. you can buy almost anything you want! Here,
types of freehold property that non-Cypriots are currently allowed to purchase include:
·apartments ·villas ·land; provided that
total area of
land does not exceed 4014 square meters
Having found a property that you like, that complies with these very minimal limitations, all you then need to do is to sign a purchase agreement for your chosen piece of property. Here, agreements to purchase property in Cyprus are generally very straightforward and routine. That said, as a non-Cypriot, you will need to submit an application to
Council of Ministers requesting their approval to transfer
property deeds to your name.
If you are not too worried about having
property deeds in your own name, you can also buy property in
name of a company, and that company (which belongs to you) is also allowed to buy property to be used as a residence for any foreign employees it has in Cyprus, e.g. you!