3.__(1) No alien shall acquire, otherwise than mortis causa, any
immovable property without the permit of the Council of Ministers first
obtained.

http://www.olc.gov.cy/olc/olc.nsf/E95B0B810A6356CDC225860D002DAFA8/$file/THE%20IMMOVABLE%20PROPERTY%20ACQUISTITION%20ALIENS%20LAW.pdf