Cyprus-Forum.com

[davidp]

Not quite the right subject heading but I would appreciate some help.

A friend wants to buy a house in Cyprus which is owned by an American couple who only use the house for a few weeks a year. My friend has these questions.

1, The purchase price of the house is CY£60,000, how much will be the legal fees, taxes etc. be on the property.

2, As the owners reside overseas they want the money paid into a UK sterling account in GB£, would this cause any problems with the sale. The vendors will be declaring the sale legitimately in Cyprus it's just that they can get a better exchange rate in sterling.

Thanks
David