Our lawyers have extensive experience in real estate transactions and deal with all matters relating to freehold and leasehold property. Elias Christou Legal Services provides advice on all areas of renting, buying and developing property in Cyprus. Our law firm provides all services relating to drafting, amending and negotiating sale agreements. Our clients include local and foreign individuals and companies and developers.
Cyprus is a very attractive destination for foreign investors for a number of reasons. The warm weather, the island’s strategic location between 3 continents, a stable economy and the recent discovery of natural gas are just a few of the reasons which render the island an excellent location for investment. Cyprus has been a member of the European Union since 2004 and a growing economy creates an ideal climate for investments.
Moreover, the government has implemented new legislation which allows non EU citizens to obtain permanent residence in Cyprus under certain conditions, when buying a property here worth a minimum of €300.000. The process of obtaining the permanent residence has recently been simplified by the government and it is now easier and faster to obtain the Permanent Residence Permit. This new law has already attracted large numbers of Chinese and other non EU nationals who wish to live in Cyprus.