What are the prerequisites for foreigners to buy property in Cyprus?
Foreigners interested in purchasing property in Cyprus are generally required to provide certain documentation to comply with legal regulations. This typically includes proof of identity, such as a passport or national identification card, as well as evidence of sufficient funds to complete the purchase transaction. Additionally, non-EU citizens may need to obtain permission from the Council of Ministers before acquiring property, particularly for properties located in specific designated areas. It's essential to consult with legal professionals or real estate agents familiar with the local regulations to ensure compliance with all requirements.
