Search found 21 matches

by VCY
20 Jan 2018 12:43
Forum: General Property Questions
Topic: Planning Amnesty still in force?
Replies: 6
Views: 12962

Re: Planning Amnesty still in force?

He refers to build density, i.e. the number of build in m2. Coverage is the amount of surface area of the land you can cover. What I don't get is why you didn't ask your architect this type of question who will be doing the plans and working out the areas for you. OK, so it applies only to density ...
by VCY
20 Jan 2018 01:05
Forum: General Property Questions
Topic: Planning Amnesty still in force?
Replies: 6
Views: 12962

Re: Planning Amnesty still in force?

Hi VCY The building coefficient is the maximum number of square metres that you are allowed to build expressed as a percentage of the land area. Regards, Apologies for being dumb but Cypriot DLS refers to two factors on their website if you look up a plot; Density and Coverage. Which one you're ref...
by VCY
17 Jan 2018 16:13
Forum: General Property Questions
Topic: Planning Amnesty still in force?
Replies: 6
Views: 12962

Re: Planning Amnesty still in force?

Thanks. This applies to density factor only; not coverage, right ?
by VCY
14 Jan 2018 18:12
Forum: General Property Questions
Topic: Planning Amnesty still in force?
Replies: 6
Views: 12962

Planning Amnesty still in force?

Hi Everyone, My family is preparing to build now on the land we purchased. In the article http://www.news.cyprus-property-buyers.com/2015/07/30/illegal-building-amnesty/id=0087591 on Nigel's website it is reported that government was planning to allow +20% on building coefficient till 2020. Is it st...
by VCY
22 Dec 2017 02:24
Forum: Buying Land
Topic: Purchase of a plot for building
Replies: 9
Views: 28079

Re: Purchase of a plot for building

I have finished with the land purchase and want to share an update of how it went: 1) Below points apply to the simplest form of Land purchase, where land parcel is fully owned by a single owner, you buy it entirely and the land is free of encumbrance. 2) Two forms need to be filled in, one for N270...
by VCY
17 Dec 2017 17:32
Forum: General Property Questions
Topic: Purchasing of share of land
Replies: 8
Views: 18651

Re: Purchasing of share of land

Perhaps when you have decided what you want to buy, i.e: 1. A commercial property 2. A villa 3. A mortgaged property 4. A plot of land 5. A half plot of land I'll be able to help further. I get a feeling that you're suspecting that I have some kind of sinister motives, I'm sorry if I have left such...
by VCY
16 Dec 2017 18:59
Forum: General Property Questions
Topic: Purchasing of share of land
Replies: 8
Views: 18651

Re: Purchasing of share of land

Hi VCY I see you've asked similar questions previously - see reply from Pan at http://www.cyprus-property-buyers.com/forum/viewtopic.php?p=6516#p6516 Those questions were regarding a whole plot, this time I wanted to know specifics of purchasing a share. You've asked questions on a range of propert...
by VCY
16 Dec 2017 02:28
Forum: General Property Questions
Topic: New VAT regulation on Land
Replies: 5
Views: 11078

Re: New VAT regulation on Land

Some more details here: http://www.stockwatch.com.cy/nqcontent.cfm?a_name=news_view&ann_id=287542 http://politis.com.cy/article/se-ischi-apo-2118-o-nomos-gia-epivoli-fpa-19-se-ikopeda Sounds like any land which is considered to be used for the construction of one or more buildings is to be taxed. Qu...
by VCY
10 Dec 2017 20:13
Forum: General Property Questions
Topic: Purchasing of share of land
Replies: 8
Views: 18651

Re: Purchasing of share of land

Hello Nigel, Once again, thank you for your responses. The land is definitely in residential zone H6, DLS website confirms it. In Cyprus they seem to refer to land (not plots) as horafi, so far all title deeds I've seen in residential areas for unprepared land had "horafi" in them. "Oikopedo" was us...
by VCY
09 Dec 2017 19:31
Forum: General Property Questions
Topic: New VAT regulation on Land
Replies: 5
Views: 11078

New VAT regulation on Land

Hello everyone, I read some articles about new VAT regulation on Land, but found them to contain contradicting information. One was saying that it applies only to sales by VAT registered business, the one on Cyprus Property Buyers states that any commercial transaction of residential land is subject...
by VCY
09 Dec 2017 19:27
Forum: General Property Questions
Topic: Purchasing of share of land
Replies: 8
Views: 18651

Purchasing of share of land

Hello Everyone, Me again, our quest to find land is slowly ongoing. There is a piece of land (horafi, not a plot) we're interested in, the owner is selling half of it. I know that this is far more difficult than buying a 100% of a plot, but we like the piece. We're not in a rush to start building. I...
by VCY
23 Sep 2017 14:14
Forum: Buying Land
Topic: Purchase of a plot for building
Replies: 9
Views: 28079

Re: Purchase of a plot for building

I'm interested to proceed with land (not plot) of 1338 sqm/1 skala, zone H6 (20%/20%) in one of Limassol villages. Next to it is a registered asphalted two-lane road , electricity, water. Pavement is missing on my part of frontage so I'll have to build it. I met two civil engineers who say that ever...
by VCY
22 Aug 2017 21:57
Forum: General Property Questions
Topic: 2m investment: villa or commercial?
Replies: 19
Views: 32315

Re: 2m investment: villa or commercial?

VCY, you are obviously in the trade so to speak, whom do you represent, you can pm me if you wish. Not really, but have a number of acquaintances "in the know" and monitor the property market myself for investment. Do you have links to this info regarding empty high rise properties, because each ti...
by VCY
22 Aug 2017 10:48
Forum: General Property Questions
Topic: 2m investment: villa or commercial?
Replies: 19
Views: 32315

Re: 2m investment: villa or commercial?

Really, the Ayia Napa Marina, the New 5* Hotel and sea front properties about to be started, the other new sea front projects that are just completing, I don't see and these as being a glut. We're discussing what will happen in a few years when 3-year mandatory CIP property holds will cease. So far...
by VCY
21 Aug 2017 23:04
Forum: General Property Questions
Topic: 2m investment: villa or commercial?
Replies: 19
Views: 32315

Re: 2m investment: villa or commercial?

My spouse was working for a Russian, doing management of a few blocks of flats he purchased. Almost all had tenants and probably he did this as part of CIP. For sure there are management costs, but IMO overall it provides a more diversified and liquid investment. You can sell in chunks and not all a...