Real Estate

We provide assistance to local and international clients and have represented the interests of major developers in multi-million Euro projects and small buyers alike. We advise on large-scale transactions regarding the acquisition and exploitation/use of real estate for multiple purposes, including residential property, commercial centres, office space, retail, and the hotel industry. Our clients are assured of a quality, seamless service, delivered by the firm’s experienced property team and drawing upon the expertise of our corporate, employment, tax, and dispute resolution departments. This interdisciplinary approach enables us to efficiently handle all aspects of any multi-faceted real estate-related matter.

We frequently advise high net-worth individuals who are interested in acquiring real estate in Cyprus for residential purposes or in compliance with the revised “Scheme for Naturalization of non-Cypriot investors by exception”.

Our standard services in the real estate sector include obtaining the special permission required from the authorities for third-country nationals, to register immovable property in their names. We frequently deal with leases of immovable property, representing either landlords or tenants, and assist in negotiating leases and their renewals, collecting overdue and unpaid rent, advising on breach of terms and termination of leases which, in most cases, fall under the provisions of the Rent Control Laws.

Furthermore, our firm deals with a significant number of sizeable and complex probate cases involving immovable property each year. Our services range from commencing probate proceedings before the Cyprus courts to the eventual distribution of the assets to the legal heirs or, where this is required, assistance for the further sale of the property.

Representative clients of our firm’s real estate practice include developers, corporate entities, retailers, banks, and investors. Among our clients in this practice area, we also count several diplomatic missions in Cyprus.