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Cyprus Property & Legal Guides

Cyprus Specific Performance Law: Why Depositing the Sale Contract Matters

Andrea
12 hours ago
3 min read

Cyprus buyers often hear that a sale contract should be "deposited at the Land Registry". This is not an administrative afterthought. It is one of the central legal protections in a Cyprus property purchase.

What is specific performance in a Cyprus property purchase?

The Sale of Immovable Property (Specific Performance) Law allows a purchaser who has entered into a qualifying sale contract to protect contractual rights through deposit of the contract with the Department of Lands and Surveys (DLS). Where the seller later fails to complete, the law can support enforcement of the purchaser's rights, subject to the statutory conditions.

The rules were strengthened by Law 132(I)/2023. The amended regime came into force on 12 December 2023 and was designed to improve buyer protection, particularly where mortgages or other prior interests affect the property.

Why depositing the sale contract matters

Depositing the contract can be particularly important where legal title cannot transfer immediately. This may arise with an off-plan development, a property awaiting separate title deeds, an existing mortgage, or another issue that delays immediate registration of ownership.

A buyer should not assume that signing a contract alone gives the same protection as properly depositing it.

The 2023 reforms and the Search Certificate

For sale contracts concluded after 12 December 2023, the seller is required to attach a Search Certificate for the property as an integral part of the contract. The DLS guidance states that the certificate must be dated within five working days of the date of the contract.

The relevant certificate is intended to disclose encumbrances and prohibitions affecting the property or owner. All pages should be initialled by the parties so the buyer has been made aware of the recorded position.

What if there is already a mortgage?

The amended law introduced mechanisms intended to protect a purchaser where a mortgage or certain prior interests already exist. In relevant cases, payment and release mechanisms can be structured so that the purchaser can obtain transfer once contractual obligations are fulfilled.

This is precisely why the legal position should be investigated before signing and why the payment provisions in the sale contract matter.

Administrative fines are now active

In February 2026, the DLS announced activation of the administrative-fine procedure for specified breaches of the legislation. Following the transitional period ending in May 2026, fines can apply where a seller fails to attach the required Search Certificate or where a mortgagee fails to comply with specified release/payment obligations.

That makes compliance more than a drafting preference: it is part of the current statutory framework.

What should a UK buyer do before signing?

Your Cyprus lawyer should establish who owns the property, whether title is available, what encumbrances or prohibitions exist, whether the contract contains appropriate release and completion mechanics, and whether the contract is capable of being deposited as intended.

Where a property is being bought remotely from the UK, the same analysis applies. A power of attorney can often be used for procedural steps, but it should not replace transaction-specific legal review.

Related guidance

See our guides on Cyprus title deeds, legal due diligence, reservation agreements and buying off-plan property. For transaction-specific advice, visit: https://www.pavloupavlou.com/buying-selling-property-in-cyprus

Official sources: Department of Lands and Surveys guidance on Law 132(I)/2023 and the Specific Performance regime: https://portal.dls.moi.gov.cy/en/tropopoiisi-ston-peri-polisis-akiniton-eidiki-ektelesi-nomo/ https://portal.dls.moi.gov.cy/en/energopoiisi-diadikasias-epivolis-dioikitikon-prostimon-vasei-tou-peri-polisis-akiniton-eidiki-ektelesi-nomou-ar-81i-2011/

Speak to Pavlou & Pavlou

Updated November 2026. General information only and not legal advice.

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