Who needs this
- Anyone about to buy property in Cyprus, before signing or paying a deposit
- Buyers of resale properties where the history is unclear
- Buyers of off-plan or newly built properties
What this covers
Due diligence means finding out, before you commit, whether the seller can actually sell you the property free of problems. It is the stage that protects buyers most, and it is where most issues with Cyprus property are discovered.
What I check
- Title: who the registered owner is and whether a separate title deed exists
- Encumbrances: mortgages, charges, memos and prohibitions registered against the property
- Existing contracts: whether the property has already been sold or deposited under another contract
- Planning and building permits: whether the property was built in line with its permits and whether a certificate of final approval has been issued
- Outstanding taxes and fees: property-related taxes and municipal or community charges
- Developer checks for new builds: the developer’s position and any mortgage over the land
What you receive
A written report in plain language explaining what was found, what the risks are, and what should be addressed in the contract before you sign.
How to start
Get in touch with whatever details you have about the property. Due diligence is ideally done before you pay any deposit.