Our company, ANDREAS EFTHIMIOU REAL ESTATES AGENCY LTD, has a dynamic team of associates, specialised on the real estate sector. Whilst creating this team we set certain targets, of which we are proud to say, have a high success rate. Our objectives are for each person or company that seeks to buy or sell a property in Cyprus to be satisfied with our services. Achieving these goals comes through perserverance of our uncompromising principles.
Our associates are the keystone of our company. Lawyers, bankers, constructors and technical advisors, specialised on real estate, work as a team to provide multiple services to our clients.
Each one of the team is fully dedicated to his work and never abandons efforts until the client's requirements are satisfied. Our mission starts with the expression of interest but it does not end with the conclusion of the sale. We always stand by our clients and support them, even after the transaction has been completed.
For us, there is no such thing as an unresolved problem with regard to a property. Every order given by our clients is a challenge for us. In the Cyprus real estate market, we have gained the reputation of finding solutions even to the most complex problems, thanks to our profound knowledge and expertise.
The real estate market in Cyprus is changing at a fast pace, thus we are continually reacting and adapting to these changes. We use modern technical means for the presentation of our properties and these can be seen in our website where we also provide detailed descriptions of the available properties in Cyprus. We hope therefore that you find it interesting and we look forward to meeting you in person, in order to provide our services to you.
A) First step of buying a property in Cyprus
After doing your research you have found your dream home and you are ready to proceed with the purchase of the Cyprus property! There are many types of properties in Cyprus and the procedure will differ slightly depending on the kind of property you desire to buy. Usually, you will buy a ready property or under construction property or an off plan property that will be built.B) Reservation of the property - Reservation agreement
Depending on the price of the property, a holding deposit of between 5-10,000 Euros is usually paid. A reservation agreement is typically signed by both the purchaser and the vendor, to stipulate the price and what is included within the sale. From the time that the owner receives an amount of money the property is out of market. The reservation amount usually reserves the property for a month or if both parties agree then an agreement is made for longer time. This reservation deposit should be fully refundable, in the event that there are any legal problems preventing the sale of the property. In the case of the buyer changing mind for any other reason the reservation deposit will be kept by the owner of the property and the deal will be canceled.C) Contract of sale
Contracts of sale will be drawn up to detail, to protect the rights and obligations on both sides. Once approved these will be signed and sent for the stamp duty to be paid by the purchaser, and officially by the law in Cyprus to be the owner of the property.D) Completion of the contract of sale
After signing the contract of sale you or your representative (Power of attorney) will visit the local land registry office, pay the consideration from the property, and either your contract will be deposited or the Title deed will be transferred to your name. Then, you will receive the keys of your property in Cyprus!E) Our Target
Our company Andreas Efthimiou Real Estates Agency Ltd will be with you from the first step until the last and even forever. Our target from this mission is to keep our clients satisfied and comment our company with the best words.