Real Estate Solutions
Over the last two decades, Cyprus grew inordinately in practically every sector, from tourism, and entertainment to business, education and real estate. Cyprus’ investment potential has increased rampantly with no plans of slowing down.
From standard apartment buildings and moderately designed homes, the island quickly caught up with modern real estate trends. Some critical projects include the Trilogy and One which is bound to be the biggest skyscraper on the island upon completion and many more.
However, the multi-million projects are not the only new developments on the island. Multiple developers opted to transform the housing market by creating more affordable housing that could either be used as personal home or as an investment. Affordable real estate in prime locations is great for those seeking to lease their properties out on long or short-term basis. A difficulty that many foreign buyers have come across when looking for real estate in Cyprus, is finding a reliable enough real estate agent. Emerald Group can offer advice and support to clients looking for properties. Thorough due diligence when selecting and purchasing a property is very important.
Rental prices have grown in Cyprus, and many foreigners have turned to investing in both residential and commercial properties. The new developments are not the only available option for investors. The market is filled with high-quality, 10-year old properties that are priced well and in great condition.
Real Estate purchase, sales and investment are the key areas of specialization of Emerald Group. Our company has a spherical view of the Real Estate industry on the island and we have handled numerous acquisitions and sales for over 20 years, from private home purchase to multi-million investment projects.
Real Estate Solutions:
Understanding the client’s specific requirements in regards to personal real estate acquisition, investment or development projects.
Proposing viable properties or development projects as per the client’s requirements and assisting in the selection process.
Due Diligence with regards to the Real Estate including verification whether the seller holds separate title deed for the land and/or the immovable property | whether the land / immovable property is mortgaged.
In cases where the land/immovable property is mortgaged, obtaining a confirmation letter from the bank securing the rights of the purchaser (i.e. that the land / immovable property will be released from the mortgage upon the full payment or when the target property is transferred to the purchaser’s name).
Due Diligence in regards to the Sellers under Cyprus legal / anti-money laundering requirements (to prove clean purchase so no future issues to arise)Review of Main Sale and Purchase Agreement and Overseeing Execution.
Review of Sale and Purchase Agreement for the Real Estate and Overseeing Execution.
Drafting, Issuance and Certification of “Specific Power of Attorney” for filing of necessary documents with different Government Bodies.
Review of all Certificates Obtained by Sellers and to ensure they are in order to complete the transfer (tax, municipal, electricity, water, sewage and any other clearances).
Application to the Council of Ministers for approval of a transaction (required for non-EU citizens only).
Arranging payment of Stamp Duties (Tax).
Registration of Contracts at the District Land Registry for the purpose of safeguarding the purchaser's interest.
Transfer of Title Deeds from the Seller to the Buyer.
From our Real Estate Portfolio:
Exceptional Hotel Apartment investment opportunity for immediate sale in Cyprus: SOHO City Hotel Apartments.
From our Blog:
Big opportunities for investors in the Real Estate Industry of Cyprus
An industry overview & market opportunities for private and business investments.
For Sale:
5-Bedroom Villa Extraordinaire for sale within the gated community of Limassol Marina.
Interested to get a personalized consultation for your specific needs?
If you have more questions and would like more specific information to your unique business or personal needs, our team of experts is available for a no-commitment first meeting or virtual call to answer all your questions and if you choose to do business with us - to accommodate you at all the stages of your journey. Simply fill out the form on the right and we will get in touch with you within 24 hours.