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Zyprus: Find Properties to Buy and Sell in Cyprus
<h2>What Type of Property?</h2>
If the vendor has received a title deed (possession certificates) for the property, the switch of the title deed on the title of the new proprietor can be carried out immediately. Typically, this is the case when buying a resale. The payment for the property may be performed on to the Seller’s account but for off-plan properties the company strongly recommends to make use of so-referred to as ESCROW accounts which provide a extra secured means of payment at which the seller will get payments by tranches, as and provided that the construction progresses. Most legal professionals in Cyprus provide ESCROW account services. Upon signing the contract, the lawyer applies to the so-known as Council of Ministers to acquire a permit to purchase the property (it’s required for non-Cypriot consumers and usually
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