Cyprus Property Forum for Buyers, Sellers & Investors

Hi Nigel,
Thanks for the reply, our contract has a clause in it, stating the property has to be delivered fully serviced ie, water and mains electricity, and free from any encumbrances.

As there is no mains electricity yet it is not fully serviced, but when the electricity gets connected soon we ...

Hi Nigel,
Ours is a plot of 6, 4 occupied 2 shells, after 2 years we are finally getting out own mains electric the poles have just gone up.
Our developer has loans on the land with Alpha bank, ND50 shows a loan of 50.000 euro pre contract, he told us there are no loans, but we can see from the ...

Elaine,
If I was you, I would buy a villa with title deeds,We had an apartment, which we were lucky to sell with no deeds then we bought a villa. This was before it all came out about developers mortgages and our buyer had cash.
We jumped from one fire to another not realising a bomb was about to go ...

Hi Nigel,
I know our developer has been doing this with the Alpha bank,
As he has still to sell 3 on our complex and we know for a fact he has gauranteed mortgages on other developments and the buyers have returned to Uk and the mortgage are not being paid, this worries me.

I have heard he is at ...

The Vendor agrees to sell and the Purchaser agrees to purchase the whole "property" free of any legal or real encumbrances , charge and/or other obligation whatsoever, and all interests of the vendor, is hereinafter- descrobed prperty from the Vendor.

Taken from contract,


Hi Nigel,
I posted ...

The Vendor agrees to sell and the Purchaser agrees to purchase the whole "property" free of any legal or real encumbrances , charge and/or other obligation whatsoever, and all interests of the vendor, is hereinafter- descrobed prperty from the Vendor.

Taken from contract,

Hi, Nigel.
I have emailed you, I am trying to get someone with a scanner.
If both these loans belong to him, the developer then that makes the situation even worse. :x

What about the clause he signed in the contract, to deliver the said property free of any encumbrances?

Where would that stand ...

Hi Nigel,
I have got the print out from the Land registry, it gives details of the 3 houses already sold, out of the six on the project, (the others are still to be completed.

2 houses have no mortgages these were paid cash, 1 has a mortgage but the information on the N50 looks like 2 mortgages ...