Things to Consider Before Buying a Resale Property in Cyprus

Things to Consider Before Buying a Resale Property in Cyprus

Buying a resale property can be an excellent opportunity, whether you’re looking for a permanent home, a holiday retreat, or a smart investment. However, purchasing an existing property in Cyprus comes with specific steps and legal considerations that you should fully understand before making any commitments. At Sweet Home Realtors, we ensure that every client is informed, protected, and confident in their decision.

Why Buying a Resale Property is Different

Unlike new developments, resale properties have a history. Ownership records, potential renovations, and sometimes even disputes or encumbrances. This makes due diligence even more important. The good news? With the right guidance, buying a resale home can be smooth, secure, and rewarding.


Essential Checks Before You Proceed
Before signing any contract or paying a deposit, make sure you complete the following key checks:


1. Confirm the Title Deed
Always verify that the property has a clean and transferable title deed. This ensures that the seller is the legal owner and has full rights to sell. If the deed is not yet issued, you’ll need to review the registered Sale Agreement with the Land Registry to confirm ownership rights.


2. Conduct a Legal Search
A professional legal search can reveal hidden issues such as existing mortgages, court orders, or unpaid taxes linked to the property. These can delay or even block your purchase.


3. Inspect the Property Condition
Older properties may come with wear and tear. Hire a qualified surveyor to assess the structure, plumbing, and electrical systems. This helps you estimate renovation costs and avoid unpleasant surprises.

4. Verify Planning and Building Permits

Ensure that any extensions, pools, or renovations were legally approved. Unauthorised changes can cause complications during resale or when applying for utilities.

5. Understand Taxes and Transfer Fees

While resale properties are exempt from VAT, you’ll need to calculate transfer fees, which vary depending on the property value and ownership structure. Your agent can help estimate these in advance.

6. Check Utilities and Communal Expenses

Confirm that water, electricity, and property taxes are up to date. For apartments or shared complexes, ask for details about communal fees and management arrangements.

Extra Tips for a Smooth Resale Purchase

  • Review property boundaries and access rights to avoid disputes.
  • Meet the neighbours and visit the property at different times of day for a full picture of the area.
  • Clarify what’s included in the sale: furniture, appliances, or fixtures.
  • Engage an independent lawyer (not affiliated with the seller) to handle all documentation.

Why Work With Sweet Home Realtors

At Sweet Home Realtors, we go beyond property listings. We focus on protecting your investment. Our experienced team:

  • Guides you through every legal and financial check.
  • Works hand in hand with trusted lawyers, surveyors, and notaries.
  • Ensures full transparency and peace of mind from viewing to title transfer.

Buying a resale home is not just a purchase, it’s a new beginning. Let Sweet Home Realtors make it a secure experience from start to finish.