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Compensation for late delivery of a property

IN A CONTRACT OF SALE regarding immovable property, either off plan or under construction, there is usually a term stating that the purchaser is entitled to a specific amount of money as monthly compensation in the case of late delivery of the sold property. This term, however, is considered as a penalty clause and it […]

An Oasis in the Search for Title Deeds

THE PROTECTION of the rights of buyers of immovable property in Cyprus constitutes a chaotic and worrying reality. Thousands of bona fide and well-intentioned investors, local and foreign, have been investing their money for many years in the property industry of the island, buying houses, villas and apartments. One of the basic promises is that […]

Property Conveyancing in Cyprus

When buying property in Cyprus, lawyers representing the vendor and the buyer carry out the legal work required, which is known as conveyancing. The conveyancing process is fairly complicated and involves unravelling the legal jargon found in the Title Deeds, checking the background of the property, and various title searches. The process culminates in completion […]

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