Cyprus Property Forum for Buyers, Sellers & Investors

Dear Nigel

We appear to be getting no response from our developer at all now, of which I on behalf of my committee have been trying to build bridges with over the past 12months without having to go down the route of instructing lawyers again. We have used a lawyer previously in Paphos that were not ...

Dear Nigel

Thank you for the information that has been most helpful.

Regards

Andrew

Dear Nigel

I live on a small complex of 34 apartments in Peyia. I as Committee Secretary have recently had an email from an owner with regards to IPT.

This is the first we have heard of this annual Immovable Property Tax. We were only expecting to pay a property transfer tax when our Deeds become ...

Dear Nigel

Thank you for your reply.

One of the owners on the complex has asked the following in response to you answer;

If the developer is acting as a guarantor against a default on a mortgage, how does it affect the following?

1. What if there are owners on the apartment complex that don't ...

Dear Nigel

I have an apartment on a small complex in Peyia. We took delivery in 2006 and all properties were sold. I and some other owners have a mortgage through Laiki bank of which our developer originally banked when we signed our contracts.

Last year the developer ceased all obligations to ...

Dear Nigel

For the past 12 months our apartment complex has had a volunteer Management Committee in place of which I am the Secretary.

As our Developer pulled out of all Maintenance obligations last summer we appointed a British Property Management Company who are doing a great job. This company ...