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Question: How Can I Be Sure My Property Investment Will Be Safe?
The Steppingstones group work with only reputable companies and legal representatives, And are fully aware of the legal system and make sure that each step of your property purchase is carried out according to those laws.
In the case of purchasing new or under construction properties bought from the plans it usualy take between 2-4 years for you to receive the title deeds. To put your mind at rest, let us explain a little about the law in Cyprus regarding Registration and Valuation. There is a very unique Land Registry System in Cyprus, this comprises all the works and means by which immovable property is technically defined and drawn, legally recognised, secured and financially valued. Its function is to collect all information and the history of each individual piece of land, and trace it back. The rights in land are defined and secured and all transactions related to immovable property are safe and protected. (In other words you legally own your new property from the moment you sign your contract.). This is the reason why it can take some time for the deeds to be issued, but the computerisation is at present being accelerated and upgraded. Nevertheless, Cyprus is one of the few countries in the world which maintains such an accurate and effective Land Registry system. Back To Questions |
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