Cyprus Property Forum for Buyers, Sellers & Investors

Hi Nigel

In the latest update you mention
"In some cases applicants are also required to sign a declaration/acknowledgement that their application will be activated when a Title Deed has been issued)."

When is this form needed, is there any guidance ?

Also when submitting the papers to the Land ...

Thanks for the reply Nigel, we live in detached villas with our own pools etc ,the only shared item would be the sewage tank, which I could understand the need for a committee but the developer is responsible in theory for the system until we get our deeds. Although in practice its to much hassle to ...

We live in a close of 18 detached villas, no sign of title deeds. We have all had a letter from Soteira Municipality saying we must set up a Management Committee forthwith to comply with the Immovable Property (Tenure, Registration & Valuation) Law (Cap.224) or else. Whilst the developer should be ...

Hi Nigel

When we bought our property in Cyprus, several years ago, we were unfortunate in using a firm of solicitors who have featured before in these pages.

We made a Cyprus Will at the same time, making our two sons executors, the solicitors inference was to have them also, which we did. Now we ...

It may also be worth taking into account the scenario of children's later marriage then divorce , could the ex-spouse sue for part of villa?

We didn't include our children for that reason, good job we didn't.

Hi Nigel

It would seem that the tax authorities arrive at 1980 values for IPT purposes by the "finger in the air" method or is there some rule of thumb we could use to assess our properties?

Many thanks

If anyone has agreed to purchase at the above development in Frenaros built by A Chacholis & is not in contact with the 'Owners Group', can you please indicate here. Similar applies to their development known as FNG Coastal Palms at Xylophagou

thanks

What's the problem? Is it the area or the ...

Morning Nigel

Not exactly the same theme but close, I have been told, although I find it hard to believe, that there is to be a 6 month window on fees when the deeds are issued. If you paid VAT then there will be no charge for the deeds, if you haven't paid VAT then you will get a 50% reduction in ...

I have got a feeling for our builders even 6-8 years will be quick , I would love to speed them up, the government are missing out on a potential fortune in fees.

christophorou_c wrote:i know developers that issue title deeds maximum in 2 years.
Is not always 6-8 years waiting

Hi Nigel

Thanks for the reply, we completed our purchase in March 2007. There are no problems as far as I am aware but would like to get the deeds issue sorted for peace of mind. I have emailed our developer twice without any response any suggestions on how to get them moving would be most welcome ...

There are a number of companies offering a service to get title deeds issued, one estate agent wants 4k euros, solicitor 3k euros, all seems a bit excessive as it isn't guaranteed & money up front.

What is the best way to proceed to obtain our title deeds, our Villa is in Agia Thekla?

Many thanks