A recent Supreme Court judgement may have once again rocked the real estate market of cyprus

Cyprus Property Lawyers G. Kouzalis LLC, briefs as to the supreme court of cyprus which recently upheld a judgement that ‘The Land Registry has no duty to inform the purchaser of a property filing a new contract of sale, regarding the existence of a prior contract of sale’, in a case that may change the Cyprus Property Industry.

This recent supreme court ruling will have no doubt caused many purchasers who are due to complete sale purchases of properties in Cyprus concern to say the least. However, we would advise purchasers not to be overly worried regarding this recent judgment, and the thought provoking headlines it has produced, providing they have used a lawyer for their conveyancing.

Engaging a Cyprus lawyer for your Cyprus property purchase, your lawyer should have performed the minimum duties in their role of protecting your interests.

Due dilligence. Your lawyer in Cyprus should have performed due dilligence at the appropriate land registry office to ensure that the Cyprus property you are interested in is safe for investments and should have advised you of their findings in writing. You must then review their findings to ensure that they
Your lawyer should have prepared your contract of sale / assignment, ensuring that your rights and obligations of an owner of Cyprus property are protected and enforceable.
Your lawyer will be well versed on the current legal requirements for the safe deposition of contract of sale and/or assignment at the land registry.
Your lawyer in Cyprus, is bound and regulated by the Bar Association, who ensure fair honest performance as well as providing recompense should the situation call for this.

Your Lawyer in Cyprus is there to protect you. please take note of the mistakes of others who feel their agent / friend and/or even the developer can help them save a couple of hundred euros on a contract of sale…

For any legal advice on property purchased please contact g kouzalis llc on 00 357 23811788 or by email on lawfirm@cytanet.com.cy