Solicitors
There are two types of property buyers, those who use a
solicitor and those who wish they had. Buying property in Cyprus is a simple procedure and for this reason most local and foreign purchasers do not use a solicitor for their transactions, (standard contract documents with blank spaces which are filled in, are normally used). It is better, however, if a solicitor is used in such a transaction, especially when a foreign party is involved (locals will most likely know the responsibilities of the developer / seller / agent etc). It is correct, however, to agree first on the solicitor’s fee for the preparation of the sales contract (which depending on the circumstances, could be anything between CYŁ500 to CYŁ1000 maximum). In addition to the sales contract your solicitor must be asked to investigate whether the developer is the freeholder of the property and most of the questions raised under
'Developers' heading.
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