Purchasing Foreclosed Properties

Our clients also gain exclusive access to real estate investments through receivership and auctions in Cyprus.

Properties sold through these channels often present unique opportunities to purchase below market value—options that are not typically available to the general public.

Both receivership and auction sales are designed to expedite the process. Auctions occur on a specific date, with results announced immediately. In receivership cases, typically involving bankrupt companies, a court-appointed trustee manages the sale of assets to settle debts quickly. These methods offer efficient, fast transactions—where time is money.

The potential for significant discounts in these deals comes from the fast response required from buyers and the inherent information gaps. Our role is to minimize uncertainty and clarify expenses, such as whether a property is tenanted or if VAT applies. In auction purchases, access to the property is typically restricted, making groundwork crucial.

While these opportunities can offer substantial rewards, they may not be suitable for all investors due to the quick decision-making required and the higher risks involved. Proceeding cautiously and conducting thorough due diligence is essential. Our expertise in these processes can help you make informed decisions that balance risks and increase the chances of a successful investment.