The stellar growth in property as an asset class in Cyprus and Eastern European Countries both for locals and foreigners, coupled with heightened awareness of land and property issues in these countries has resulted in a particular demand for expertise in property law.
The Property Department’s combination of extensive experience and keen insight into immovable property law has proven invaluable to a number of our clients, including major domestic and international financial institutions, listed and unlisted corporations, property developers, property consultants, advertisers and marketers of property and property agents, the commercial, industrial and residential real estate sectors and private individuals.
We currently represent a range of clients including, banks, investment companies, and construction and development companies, to name but a few, in Cyprus, Europe and the Middle East.
In recent years and especially upon the accession of Cyprus and many former Soviet Union countries in the European Union, coupled with the ever increasing opportunities that the property markets of Cyprus and these other countries, have developed as top destinations for property investment and have opened up new areas of interest and practice for MCM in the property arena.
Some of the main areas of expertise of MCM’s property services department include the following:
- Deeds of sale (residential and commercial);
- Transfers;
- Registration of mortgage bonds;
- Loan agreements for property transactions;
- Structuring of property transactions;
- Securitization of property purchases;
- Commercial and Residential developments (sectional title and freehold);
- Supervision of purchases and sales;
- Sectional Title;
- Project development/joint venture consultancy;
- Town planning and rezoning of property;
- Property joint ventures;
- Letting of property;
- Structured finance;
- Hotel developments;