Purchase of a plot for building

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VCY
Posts: 5
Joined: 03 Jul 2017 21:45

Purchase of a plot for building

Post by VCY » 05 Aug 2017 18:19

Hi everyone,

We're now considering to purchase a land plot to construct a bungalow.

We have a few questions on our mind:

1) What checks we need to do before finalizing the purchase? I.e. verification that the plot indeed belongs to the seller, anything else? From the online system of land registry we see that the size and building coefficients are as advertised.
2) The plot is around 1300 m2 and we do not need that much land. Is it possible to divide the plot into two later on, after the building is erected? Any info on the procedure? I tried to search online but couldn't find anything useful.

Any advise/recommendations would be appreciated.



Pantheman
Posts: 444
Joined: 26 Jan 2008 14:44
Location: Famagusta District
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Re: Purchase of a plot for building

Post by Pantheman » 07 Aug 2017 09:16

Hello,

Here are the kinds of things you need to verify (not exhaustive):

1. Zone the plot is in. Just because it has coefficients doesn't necessarily mean you can use them.

2. Is it attached to a public road, and if so what is it's width. Needs to be a min 12ft.

3. Are the utilities close by, electric, water, telephone as it may be costly to bring them.

4. If it is agricultural land how far is it from the residential zone? Since if it is more than 500m at present you may not get a planning permit.

5. Have you checked that the plot you see on paper is actually the plot you have visited?

6. Are there any underground waterways that pass through the plot?? If so you may have trouble getting planning and could take for ever.

7. Have you visited the planning department with the said title and ask if it is possible to build there? They won't tell you officially, but will give you an idea.

8. Are there any notes on title giving easements to anyone?

9. Are you buying the whole plot or a share? Important because otherwise you will need the other co-owner(s) permission and signatures for any applications you make.

10. Have you consulted any lawyer for advice and to make any checks before you part with any money.

11. Are you an EU citizen, otherwise transferring the title could take some time as you will need CoM permission

12. As for dividing the plot depends if it is residential or agricultural. If it is the latter, the no, if the former then only after you hve built the first property, of course you must site it correctly!

These are some of the questions you could be asking, there are more, but I think you get the gist.

Good luck.


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Re: Purchase of a plot for building

Post by Nigel Howarth » 07 Aug 2017 11:43

Thanks Pan

In addition I would also suggest that VCY asks his architect to visit the site to see if the ground is suitable for building. (There are many areas in Cyprus where ground conditions render the land unsuitable for building.)

Regards,


Nigel Howarth
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Pantheman
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Re: Purchase of a plot for building

Post by Pantheman » 07 Aug 2017 17:29

Nigel Howarth wrote:
07 Aug 2017 11:43
Thanks Pan

In addition I would also suggest that VCY asks his architect to visit the site to see if the ground is suitable for building. (There are many areas in Cyprus where ground conditions render the land unsuitable for building.)

Regards,
I would have said Civil Engineer as opposed to architect.


For all your property needs, we offer Trust, Integrity, Honesty.
FSB Properties Ltd
Registered and Licensed Real Estate Company Co. Reg. No. 795, Lic. No. 250/E
http://www.fsbproperties.com

VCY
Posts: 5
Joined: 03 Jul 2017 21:45

Re: Purchase of a plot for building

Post by VCY » 20 Aug 2017 14:34

Pantheman, thank you for the detailed response.



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