The legal system in Cyprus is based on similar principles as those of the United Kingdom and all statutes regulating business matters and procedures are based essentially on the English Law. The structure of government is also mirrored to other western democracies where human rights, political pluralism and private property are safeguarded.
The Land Registry Department in Cyprus is considered to be one of the most advanced and reliable systems in the world. Whilst Greek is the native language, English is most widely spoken throughout the island and contracts along with most other legal documents are translated in English. Upon signing of the Contract of Sale and payment of deposit, the Contract is registered at the Land Registry Office.
This procedure protects the purchaser’s rights until the Title Deeds are issued, preventing the contract from being withdrawn, sold, leased or mortgaged by any other party. The purchasers themselves can only alter this status.
For optimum security and peace of mind Blaney Homes highly recommend purchasers engage a professional legal representative based in Cyprus, who is qualified and experienced. Solicitors’ fees are generally quoted on a sliding scale and Blaney Homes can recommend a number of reputable solicitors in order that your lawyer can negotiate the purchase terms, meet your legal requirements and protect your best interests.
