Buying New Property From Developer

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This website is operated by Merland Limited. All property listings are presented by DDN Real Deal Estates Limited (Lic.: 347/E Reg. no: 1311). Property Management and Renovation services are provided by Merland Limited. The information provided on this website is for general informational purposes only and does not constitute investment, legal, or professional advice.

Buying New Property From Developer

What does it mean to buy property “off-plan” or under development?

How are buyers protected if the title deed is not yet available?

Is a written Sale Agreement required?

What should be included in a Sale Agreement for a newly developed property?

Does VAT apply when purchasing newly developed property?

Do transfer fees apply to new developments?

Does stamp duty apply to the Sale Agreement?

Who pays the stamp duty?

What documents does a buyer need?

Must the buyer attend the Land Registry in person?

How is the title transfer completed once the deed is ready?

Can foreign nationals buy newly developed property in Cyprus?

What is a reservation agreement and do buyers need one?

What should buyers check before committing to a new development?

Is a physical inspection necessary?

Are there any taxes paid directly by the buyer?

Can the purchase price be paid in instalments?

Can buyers pay in cash?

Can the seller’s bank refuse to accept payment?

What happens if the land is mortgaged?

Do foreign buyers need a Tax Identification Number?

How long does it take to receive the title deed?

What laws regulate the purchase of newly developed property?