Step 1: Choose Your Property
- Define your budget and property type (residential, commercial, land, etc.)
- Research locations and neighborhoods
- Engage a licensed real estate agent
- Visit and shortlist potential properties
Step 2: Reserve the Property
- Sign a Reservation Agreement
- Pay reservation fee (€5,000–€10,000 typically)
- Property is taken off the market
Step 3: Legal Due Diligence
- Hire an independent lawyer
- Verify ownership and clean title
- Confirm no debts or encumbrances
- Check planning permissions and building permits
- Review draft Sale and Purchase Agreement (SPA)
Step 4: Sign the Sales Agreement
- Agree on payment terms and conditions
- Sign the SPA
- Stamp and register the SPA with the Land Registry (within 6 months)
Step 5: Make Payments
- Follow payment schedule as per SPA
- Retain proof of all payments
Step 6: Apply for Permission (Non-EU Buyers Only)
- Submit application to the Council of Ministers for property ownership approval
- Provide necessary documents (passport, SPA, property details, etc.)
Step 7: Title Deed Transfer
- Receive Council of Ministers’ approval (if required)
- Visit the Land Registry with seller and lawyer
- Pay Transfer Fees (unless VAT applies)
- Register new title deed in your name
📝 Additional Checks
- Understand VAT and Transfer Fee obligations
- Open a local bank account (if needed)
- Apply for utility connections (electricity, water, internet)
- Insure your new property
🎯 Tip:
Keep copies of all contracts, receipts, permits, and legal documents for your records and future resale.