• It is necessary to complete 2 procedures to complete a property purchase:
• 1) Justus titulus: Legal entitlement to the property
• 2) Registration with the Area Property Registry (County Municipal)>

You need to a written contract which must be signed by the buyer and seller, (or elected legal representatives), of the respective property. Signatures of both parties must be sealed at the local court.

Before moving to contract stage it is necessary for the sellers ownership papers to be checked in the local land registry. Sometimes properties can have disputed ownership and only properties with clean ownership should be considered.

It is often common to sign a pre-contract which will be legally binding to both parties and 10% deposit from the buyer is required.

1. Pre-Contract: This pre-contract will specify the selling price of the property and timetable for completion of the main contract action.
2. Signing a Power of Attorney: We advise for “Signing a Power of Attorney” to us a local lawyer. This can be done shortly in a local court. Courts are open from 08:00 to 13:00 Monday to Friday. You will need a valid passport.
3. Tax: After the completion of the main contract including exchange of monies the inland revenue will determine an appropriate taxable value and a 2% tax will be charged on this value. Is the 2% tax fee paid it will confirmed with a court stamp and the contract is then passed to the local area land registry for registration of the property.
4. Complete. : At this point the purchase should be complete.