Once you Contract has been agreed and signed, it is necessary for you to make an application to the Council of Ministers to grant its approval for a non-Cypriot to acquire what is known as "immovable property". Your solicitor will make this application on your behalf.

At this date, no UK citizen has ever been refused this approval. This is a routine procedure that can take up to 12 months to complete, but there is no restriction on you taking full possession of your property pending the granting of the approval.

The system provides for the following:

(1) You can live in your property from the moment you take delivery of it, prior to the Council of Ministers granting approval.
(2) You can re-sell your property during this time and inheritance rights are not affected by the process.
(3) Should approval not be granted, you can re-apply.
(4) Should approval not be granted, you will have seventeen (17) years in which to sell your house.

Other Links

• Price and payment terms
• Solicitors
• Banks
• Specific Performance
• Approval of the Council of Ministers
• Selling your property
• Capital Gains Tax
• Inheritance Tax
• The Cost of Purchasing and On-Going Expenses
• Property Transfer Tax
• Stamp Duty
• On-going expenses
• Local authority tax
• Maintenance charges
• Home insurance
• Living expenses
• Personal taxation
• Retirees
• Income tax and NI