Search found 505 matches

by Pantheman
19 Aug 2018 10:49
Forum: Property Ownership
Topic: Title Deeds and the LRO
Replies: 11
Views: 2036

Re: Title Deeds and the LRO

The lawyer you used to purchase the property in the first place can issue you with a declaration that you paid. This is accepted by the land registry.
by Pantheman
25 Jul 2018 15:12
Forum: General Property Questions
Topic: Down payment
Replies: 3
Views: 155

Re: Down payment

Hi Gusha and welcome to the forum. I doubt you'll find a bank in Cyprus that will give you a loan without a 20%-30% deposit. The banks are much more risk averse following the hole they dug for themselves a few years ago. There is a company that may be able to help. See my earlier post at http://www...
by Pantheman
23 Jul 2018 16:34
Forum: Buying Resale Property
Topic: Repos through REMU
Replies: 3
Views: 243

Re: Repos through REMU

The REMU usually sell at 80% of the market value, not the 2013 value. So if you got it at 80% that's the norm. If you are happy with what you got for what you paid then the values are a little immaterial unless you were looking to flip it. In Cyprus, repo's are not as they are in the UK, here the ba...
by Pantheman
21 Jul 2018 13:01
Forum: Louise Zambartas' Legal Questions
Topic: Land Register enquiry
Replies: 2
Views: 99

Re: Land Register enquiry

Hi Best_coffee band welcome to the forum Unfortunately Louise doesn't have the time to visit these days. If you want to get in touch with her directly you'll find her firm's website at LG. Zambartas LLC . Unfortunately it is very difficult if not impossible to find out who owns a piece of land due ...
by Pantheman
21 Jul 2018 12:54
Forum: Introduce Yourself
Topic: Rent freeze law question
Replies: 7
Views: 210

Re: Rent freeze law question

Thanks Pan Correct me if I'm wrong but I think the Rent Control Law only applies to Cypriot citizens? Regards Nigel, I haven't seen anything that states this and in any case, I think it would be considered as a racist/discriminatory act if it were. The act was pass primarily for the housing of the ...
by Pantheman
21 Jul 2018 09:50
Forum: Introduce Yourself
Topic: Rent freeze law question
Replies: 7
Views: 210

Re: Rent freeze law question

These are the areas covered by the rent control act. Municipalities/ villages of Nicosia District: Aglandjia, Engomi, Ayios Dometios, Strovolos, Lakatamia, Latsia, Kakopetria, Galata, Evrychou. And that: immovable property» means a house or shop rented which is in a controlled area and which was com...
by Pantheman
21 Jul 2018 09:40
Forum: Introduce Yourself
Topic: Rent freeze law question
Replies: 7
Views: 210

Re: Rent freeze law question

Hello, The rent freeze law applies only to properties in the rent control areas of Cyprus. You need to check this first. If your property comes under the rent control act then, not only will he claim a rent freeze, but he becomes a statutory tenant and the rent is governed by the council of minister...
by Pantheman
06 Jun 2018 14:29
Forum: Property Ownership
Topic: Title Deeds if Selling a Property
Replies: 2
Views: 333

Re: Title Deeds if Selling a Property

Hi mevz If you get your deeds now, you can work out what your Property Transfer Fees are likely to be by using the on-line calculator provided by the Department of Lands & Surveys . If you paid vat when you bought you have no transfer fees to pay, if not you get 50% off. Better to have the deeds up...
by Pantheman
07 May 2018 03:25
Forum: General Property Questions
Topic: Contract of Sale
Replies: 7
Views: 742

Re: Contract of Sale

You need to come to Cyprus and go to the police and report a theft. Your lawyer is most probably screwing you over sorry to say.
Transfer of money takes a few days only.
Good luck.
by Pantheman
14 Apr 2018 09:46
Forum: General Property Questions
Topic: 1980 value
Replies: 7
Views: 695

Re: 1980 value

Hi Nigel, We questioned this problem the last time we visited the Land Registry, without any success. Any further suggestions? Does, your original contract of sale not have a copy of the old title deed attached as an Appendix. Many do, check it. There is no reason that the LR will not tell you this...
by Pantheman
15 Mar 2018 10:28
Forum: Buying Land
Topic: Buying agricultural land
Replies: 2
Views: 5130

Re: Buying agricultural land

Hello, that's useful however, my understanding is somewhat a little different and I would suspect that different districts would make different interpretations. So, this is where we differ: 1. The distance from the residential area is within 500m (you say 1.5km from centre, but who defines where the...
by Pantheman
05 Mar 2018 10:19
Forum: General Property Questions
Topic: Property Tax
Replies: 2
Views: 872

Re: Property Tax

Hi, you will not receive any invoices, it is your responsibility (government passed the law in 2013) to go to the tax office, fill out the appropriate forms and the tax office will determine if you are liable or not. Depending upon if it is in joint names and its value you may be exempt or may have ...
by Pantheman
23 Feb 2018 10:42
Forum: FAQ
Topic: what do encumbrance search docs look like?
Replies: 3
Views: 1246

Re: what do encumbrance search docs look like?

about to sign purchase contract - have copies of title deeds, with both planning permission and final completion approval as well solicitor has sent me a "Certificate of Investment Property" as proof of no encumbrances which if our greek is ok contains a table (above which is says "encumbrances") s...
by Pantheman
21 Feb 2018 10:00
Forum: General Property Questions
Topic: Hidden Mortgage/Trapped Buyers Law
Replies: 3
Views: 971

Re: Hidden Mortgage/Trapped Buyers Law

Dear Friend, I understand your confusion and indeed it is a very confusing situation, but I would like to clarify a couple of things. 1. When all these court cases came about, the Land Registries had decided to stop accepting anymore application and would suspend work on the ones already made pendin...
by Pantheman
19 Feb 2018 17:42
Forum: General Property Questions
Topic: obtainging mortgage discoount
Replies: 1
Views: 619

Re: obtainging mortgage discoount

hello, I have a mortgage with Alpha bank. in the past i tried to have a discount in the repayment. Now i have just heard from another property owner who has similar mortgage in same apartment block and same bank, that he got a discount of 30% on the mortgage and will repay it before end of month.He...