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7
Buying a Home in Cyprus
A Practical Guide to Successful Real Estate Purchase - Top Tips Supplement

Engage an independent lawyer
The most common mistake people make when buying property in
Cyprus is to use a lawyer who has been introduced or recommended to
them by a property developer. Every week, my mailbox is full of emails
from people who have signed contracts drawn up by these lawyers that
provide them with very little, if any, protection under the law.
These lawyers are not independent and therefore cannot represent buyers’
interests properly, effectively and honestly. And be in no doubt, if you try
and penny pinch by using a developer’s ‘pet’ lawyer or their so-called ‘free’
legal services, it could cost you a great deal of money the long run!
Some buyers appear oblivious of the fact that overseas property marketing
companies have financial and business interests with property developers
and lawyers. These companies may receive commissions exceeding 15%
on each sale they achieve and the lawyers to whom they introduce their
clients are invariably in on the deal.
Before buying property in Cyprus, it is absolutely essential that you take
expert, independent legal advice and agree lawyers fees before you start
looking for property.
Do not sign any papers or hand over any money until you have sought
advice from an independent lawyer with whom you can communicate
effectively.
Under absolutely no circumstances should you use a lawyer who has been
introduced or recommended to you by a vendor, agent or developer.
The definition of ‘independent’ is that the lawyer represents you and only you.
The British High Commission in Nicosia has published a list of English-
speaking lawyers in Cyprus that it has kindly allowed my to put on my
website.
Download the British High Commission’s list of English-speaking lawyers.
© Nigel Howarth
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