REAL ESTATE
Cyprus has become an attractive place for property purchases from all countries around the world because of low taxation, low costs, high standards of living, the hospitality of local population, the excellent all year around climate, safety and security. The island has one of the most advanced and reliable Land Registry Offices in the world and a banking system equal to other developed European countries. Cyprus maintains an effective Land Registry system in which all "immovable property" (a term that includes both land and property) is registered. Each piece of immovable has an associated:
- Registration Certificate (also known as a Title Deed) containing information such as the owner(s), its size and location and the Land Office reference.
- An accompanying Site Plan that situates the land on a map.