Government ownership of property?

Questions about selling property
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Ecoemma
Posts: 2
Joined: 27 Jul 2017 13:41

Government ownership of property?

#1 Post by Ecoemma » 27 Jul 2017 13:56

Hi, I'm new to this forum and in need of advice. My mother owns a property in Cyprus and has done since 1978. She would like to sell it as we no longer use it. It is in need of refurbishment. However her Cyprus based letting agent, who is also in the business of selling property, has been trying to convince my mother that because of taxation changes that the government owns half the property, even though it is solely in my mother's name. Now I think he's spinning her a line as he is quite keen on buying the property from her for his own leasing business.

Is anyone able to tell me what on earth he's on about and if this is even real. Any advice is very much appreciated.

Also any tips on how to sell a property remotely, i.e. from the UK without having to actually be there in person. Estate agents, solicitors etc.

Looking forward to all and any advice.



Pantheman
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Re: Government ownership of property?

#2 Post by Pantheman » 27 Jul 2017 14:10

Ecoemma wrote:
27 Jul 2017 13:56
Hi, I'm new to this forum and in need of advice. My mother owns a property in Cyprus and has done since 1978. She would like to sell it as we no longer use it. It is in need of refurbishment. However her Cyprus based letting agent, who is also in the business of selling property, has been trying to convince my mother that because of taxation changes that the government owns half the property, even though it is solely in my mother's name. Now I think he's spinning her a line as he is quite keen on buying the property from her for his own leasing business.

Is anyone able to tell me what on earth he's on about and if this is even real. Any advice is very much appreciated.

Also any tips on how to sell a property remotely, i.e. from the UK without having to actually be there in person. Estate agents, solicitors etc.

Looking forward to all and any advice.
He is telling you porkies by the sounds of it.

The government do not and cannot own half your property.

Your mother is free to sell it as she pleases.

Selling remotely is straight forward, you find an estate agent you want to work with, all paperwork can be done via post. he will need access (pref a key) to get the photos and description and again for viewings.

Where is the property based, if it is in the Famagusta area perhaps we can help. Also, we would take care of the lawyers and legals.

Good luck and don't believe what the agent says, in fact, given he does not appear very trustworthy perhaps you should not place it with him!


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Re: Government ownership of property?

#3 Post by Nigel Howarth » 28 Jul 2017 10:50

Good morning Ecoemma

As Pan has said - the government do not and cannot own half your property.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
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Ecoemma
Posts: 2
Joined: 27 Jul 2017 13:41

Re: Government ownership of property?

#4 Post by Ecoemma » 28 Jul 2017 12:44

Thanks for the prompt replies. I thought that the agent was feeding her a bunch of rubbish, just needed to check.

Thanks again!



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