Cyprus Property Forum for Buyers, Sellers & Investors

We've had an offer from a potential buyer whose agent claims we don't need to get the deeds transferred into our name and they'll sort out the transfer. Has anyone got any views on this? My concerns is if the buyer decided to pull out at the last minute and we're left with the deeds to sort out aft...

You will not be able to get the deeds to the property until any claims that pre-date your contract of sale have been removed - and the search certificate will list these (and others) when you meet your developer. Nigel, I would have said and claims full stop, pre and post date. I don't see what the...

Thanks for the reply, Nigel. Some of my money was released to the vendor upon signing the sale agreement (with the remainder to be paid on completion) and I suspected it was for something like this. It just seems to be taking much longer than I would have expected so I was trying to gain some insig...

OK the info I had relates to a law of the Republic, namely:

Law 2001 39(1) para's 37 - 39 being the most important. I have the it, but it is in Greek.

This was issued by the Central bank, so any branch trying to refuse, needs to be told otherwise.

Hope this helps

Pantheman,,thanks ever so much for your reply.Could you please inform me of the EU directive in this matter as you say you could. Thanks again Terry Liversidge OK, I'll get the directive from my broker and post it, please wait a little. Pan Have asked for it, waiting to get it. From what I understo...

footy123 wrote:Pantheman,,thanks ever so much for your reply.Could you please inform me of the EU directive in this matter as you say you could.

Thanks again Terry Liversidge

OK, I'll get the directive from my broker and post it, please wait a little.

Pan

Hi Nigel I have been sent the title deeds from the developer and now have to make an appointment ( or appoint a power of attorney ) in order to transfer them into my name . However there are 6 of us with names on the sales contract so does this mean that each of us pay 3% of the first E85,430.07 ( ...

Hello Nigel. If you could help us on this one please. Aprox five years age a member of our family took out a mortgage on their property and was told by the bank providing the mortgage that they would have to take out property insurance and life insurance with them and them alone,or they would not g...

I understood that legally, services (i.e. electricity) cannot be connected to a new property until the Certificate of Final Approval has been issued. All that's needed to connect electricity is a building permit. I'm not sure what's needed for water (but it is metered). Regards, Same for the water ...

If you are looking for a holiday home for yourself that's one thing and there are many websites you could look at on the net. Just type into Google 'Cyprus properties for sale'. If you are looking to purchase a home to also rent out, you should be aware that under Cypriot law, you do need a CTO Lice...

Can someone please advise me is a "Reservation Fee Agreement" on the sale of a property legally binding and if the vendor decides to pull out would their be a penalty? Thanks in advance jojo Depends very much on the content of the agreement. If written and it states vendor is liable then yes, you c...

Zen, Just a note, I would be surprised if you could sell at a profit in today's market anyway, assuming you bought the apartment in the first place and it wasn't a gift. Secondly, one seems to forget that in order to pay CGT, you would have had to make a profit in the first place and I for one would...

Hello OK I have recently decided to sell my property and have contacted a solicitor (recommended by the sales agent) for an approx figure they would charge me for the legal side of the proceedings. I was informed it would be 12% plus VAT plus any out of pocket expenses. but, I need to ask by email ...

Hi All We bought an off-plan studio at Andriana 2 in 2007 and it completed in 2010. I know there is a developer mortgage on the property and Alpha Bank have issued us a waiver in respect of this. I am trying to find out the position of our Title Deeds. Paschalis are ignoring our emails (even to the...

Looking for advice, I am in the process of selling a property in Cyprus and the buyer is English, my question's are 1) can the monies be transferred from the buyer to seller in sterling in the UK 2) If so, how does this affect the Land registry in Cyprus Thanks in advance JOJO Yes the money can be ...