CHLOE RESIDENCE
Offering a unique lifestyle of excitement & adventure
Superb location overlooking Protaras
LUKIA PLAZA
Incomparable in style, quality and character
Unique in both design and quality
YOUR PLACE
EQUITY RESIDENTIAL
Better Living!
EQUITY RESIDENTIAL serves the Famagusta area with major focus on Ayia Napa, Paralimni and Protaras.
The company has plans to launch a residential project in Larnaca. The region's growing demand for new properties and real estate projects has led us to create and showcase impressive developments with integrity and a commitment to delivering results with standards. Highest quality. Our professional team works closely with investors and landowners to deliver results that exceed expectations. Browse through the rest of our website for more information on the services we offer and browse through all of our past projects.
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SOLUTIONS
COMMON QUESTIONS
Frequently Asked Questions
We have created a dedicated area to answer some Frequently Asked Questions.
How can I buy a house or apartment in Cyprus?
After you find the property you would like to buy, you should appoint a lawyer to do the due diligence and contracts. The lawyer will take care the transaction for you and make sure that you have a smooth process.
Do I need to come to Cyprus at all if I am buying or selling a property?
You do not need to come to Cyprus at all during the conveyancing process. We can deal with almost everything for you.
How much time does it take to buy a property in Cyprus?
Typically, most conveyancing transactions in Cyprus take anywhere from 3 to 6 months. Timing depends on the availability of funds, the cooperation of the involved parties (buyer, seller and their lawyers) and the date on which the seller wishes to vacate the property, KYC and AML procedures, loan approval (if proceeding to loan application).
How long does a reservation deposit take the property off the market?
The reservation deposit usually takes the property off the market for a period of around 30 days (or as otherwise agreed) to allow for searches to be carried out and the transfer of further funds for the signing of contracts.
What happens if change my mind after paying the reservation deposit of a property?
Typically, a property buyer who backs down after paying a deposit loses the deposit.
What do I need to pay if I am selling property in Cyprus?
The following is an indicative list of the things you may have to pay when you are selling your property in Cyprus:
-Legal fees, VAT and disbursements (e.g. for the certification of documents)
-Any outstanding mortgage
-Balances to utility authorities, local authority taxes (e.g. refuse and sewage) and management committee (if in a building block or project with communal areas)
-Agent’s commission
-Immovable Property Tax (IPT) if you held the property
In addition, the law provides that every seller of property must deliver an Energy Efficiency Certificate but some buyers don’t insist on this.
What do I need to pay if I am buying property in Cyprus?
The following is an indicative list of the things you may have to pay when you are buying property in Cyprus in addition to the purchase price:
-The purchase price
-Transfer Fees (unless the property is new which has VAT instead of Transfer Fees)
-Legal Fees, VAT and Disbursements (for example stamp duty)
-Cost of connection of utilities
Why would I give a power of attorney to my lawyer in Cyprus?
This makes the transaction much easier and faster as buyers or sellers don’t have to be in Cyprus for the duration of the transaction.
John Doe
CEO & FOUNDER
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Janice Doe
ARCHITECT
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John Doe
CEO & FOUNDER
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