Purchasing Property in Cyprus

01/06/2005 - Before purchasing property anywhere in Cyprus you are strongly advised to seek independent qualified legal advice, from a source which is independent of the seller.  

Property issues are closely linked to the political situation. There are a number of potential practical, financial and legal implications, particularly for those considering buying property in the north - these relate to the non-recognition of the "Turkish Republic of Northern Cyprus", the possibility of a future political settlement in Cyprus, and claims to ownership from people displaced in 1974. There is also a risk that purchasers would face legal proceedings in the courts of the Republic of Cyprus, as well as attempts to enforce judgments from the courts of the Republic of Cyprus elsewhere in the EU, including Italy Separately, the administration in the north imposes specific rules for foreigners purchasing property in the north including the requirement to obtain consent to transfer of property, and you should ensure you are fully aware of these.

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