Search found 10 matches

by T_erry
05 Apr 2012 21:14
Forum: Buying Off-Plan
Topic: Build in Cyprus - why not?
Replies: 8
Views: 15605

Re: Build in Cyprus - why not?

Firstly, the land is mine. I own the plot outright. I have the title deed. The plot is in Paphos. Secondly, I would need to pay the mortgage back in 15 years since I'm 55. What rate could I get? I guess the main question on finance is; are the banks willing to lend? If they're not, they won't be ban...
by T_erry
05 Apr 2012 14:10
Forum: Buying Off-Plan
Topic: Build in Cyprus - why not?
Replies: 8
Views: 15605

Re: Build in Cyprus - why not?

Interesting....thank you for your comments. We have decided that a buying a re-sale is not for us. Our principle reasons are that firstly we would be limited to what is available (obviously) and if we narrow that search to those that have title deeds then it reduces the available pool even further. ...
by T_erry
09 Mar 2012 20:54
Forum: Buying Off-Plan
Topic: Build in Cyprus - why not?
Replies: 8
Views: 15605

Build in Cyprus - why not?

moving on from the build costs question posed earlier....we own a plot and have the title deed. Thinking is for a 3/4 bed detached villa. I have around half the estimate build costs available and would need to borrow the remainder. Getting the land and planning permission was relatively easy. A few ...
by T_erry
16 Feb 2012 21:56
Forum: Buying Land
Topic: Re-zoning
Replies: 7
Views: 13304

Re: Re-zoning

I think that these practices are more prevalent in Southern Europe and Asia than in Northern Europe where I live. Would I do it? I don't know anyone in Cyprus who would have that sort of information so it's academic really. Insider trading within the UK - certainly for large gains as recent court ca...
by T_erry
04 Feb 2012 12:18
Forum: Buying Land
Topic: Re-zoning
Replies: 7
Views: 13304

Re: Re-zoning

Indeed it would. I'm sure that no insider information is ever disclosed to immediate family, cousins, cousins who are developers etc.

Terry
by T_erry
28 Jan 2012 21:48
Forum: Buying Land
Topic: Re-zoning
Replies: 7
Views: 13304

Re: Re-zoning

Yes of course. It would make sense to prevent developers from (further) exploitation I guess. This would explain the general lack of information.

Thank you Nigel.

Terry
by T_erry
28 Jan 2012 14:50
Forum: Buying Land
Topic: Re-zoning
Replies: 7
Views: 13304

Re-zoning

Hi Nigel, I have heard that a number of districts in Cyprus are 're-zoning' areas that will, in the main, increase the permitted build % with respect to the plot size designated for development. Is there any substance to this story do you think?

Terry
by T_erry
20 Jan 2012 14:51
Forum: Buying Off-Plan
Topic: Build costs
Replies: 5
Views: 16854

Re: Build costs

That is higher than I thought. I estimated Eu800-1100 per m2. As you say, tender responses will vary.
by T_erry
18 Jan 2012 10:55
Forum: Buying Off-Plan
Topic: Build costs
Replies: 5
Views: 16854

Re: Build costs

Very useful reference document, thank you Nigel. Cyprus costs appear to be among the lowest. You mention land cost variations; what if the land has already been bought? still 1500 m2?


Terry
by T_erry
18 Jan 2012 01:22
Forum: Buying Off-Plan
Topic: Build costs
Replies: 5
Views: 16854

Build costs

Hello everyone, I'm a new contributor to this forum but have been reading posts for some time. Typically, what do you think are the m2 costs of building in Cyprus today and what are they forecast to be over the next 12/24 months? Let's assume a 'standard' type of detached villa on a level plot in th...