Cyprus Property Forum for Buyers, Sellers & Investors

Thank for replies and I'll be in contact Pantheman.

Now I am wondering at what stage I'll get the key to the property and how long it will take.

Thanks.

Pantheman wrote:Raja,

where in Cyprus are you looking to buy??

Also, once you have a property, it would be easier to open an account anyway.

Good luck

Pan

About the location I haven't made up my mind yet but I am looking for a small and relatively new flat - say less than 5 years old -.

You can just pay the seller direct to his account when each time comes. This way you do not need a bank account for the purchase.

Are you buying through a lawyer? If so you pay into his client account and he pays the seller?

If not, how will you do the property transfer? I hope you have legal ...

Thanks Nigel and Pantheman

1. It would not be wise to have a property in Cyprus with no bank account. Life is much easier when you can make your Direct Debit / Standing Orders from your account for the running of your property.

2. That said, I doubt you will be able to open an account now anyway ...

Hey everybody

I intend to buy a property in Cyprus and I would like to get an idea of what to expect step by step.

Please correct what I already assume and what I miss here:
1. Lets say that I have chosen a title ready property from Aristo Developers.
2. Now I will look into the British Council ...