Search found 23 matches

by cliffyamo
27 Sep 2013 16:15
Forum: General Property Questions
Topic: IPT - Joint Ownership
Replies: 11
Views: 10045

Re: IPT - Joint Ownership

Hi cliffyamo, That's correct - the law was changed by a slim majority in Parliament yesterday (see http://www.news.cyprus-property-buyers.com/2013/09/27/money-off-your-immovable-property-tax-bill/id=0014973 ). If a property is owned by two people in equal shares that has a 1980 value of €25,000 or ...
by cliffyamo
27 Sep 2013 15:19
Forum: General Property Questions
Topic: IPT - Joint Ownership
Replies: 11
Views: 10045

Re: IPT - Joint Ownership

Hi Tonto and welcome to the forum. As the law stands today both you and your wife are required to pay the minimum charge of €75 each. But the Council of Ministers (the cabinet) has agreed a number of changes: Remove the minimum tax payment of €75. Owners of properties whose total 1980 value is no m...
by cliffyamo
21 Sep 2009 21:21
Forum: Buying Resale Property
Topic: Signing a new contract with developer when buying a resale
Replies: 12
Views: 18516

Re: Signing a new contract with developer when buying a resale

Thanks Nigel,
You will be made most welcome, will have to buy a fridge first for the milk and to keep the Keo on ice!
thanks again, regards Cliffyamo.
by cliffyamo
20 Sep 2009 22:55
Forum: Buying Resale Property
Topic: Signing a new contract with developer when buying a resale
Replies: 12
Views: 18516

Re: Signing a new contract with developer when buying a resale

Nigel An update In July 2009 I eventually purchased a Property with full title deeds. I had been through the process of purchasing a Property with no Final Approval Certificate a lovely detached bungalow 1000 square meter plot with a large private pool but why? cause it didnt have all the documentat...
by cliffyamo
30 Aug 2009 12:02
Forum: General Property Questions
Topic: Minister boldly goes where no-one has gone before
Replies: 3
Views: 5248

Re: Minister boldly goes where no-one has gone before

" The Title Deeds of many foreign buyers are held by the banks as security for loans given to developers and there is nothing the government could do about this as this is considered a private contractual difference between the buyer and developer that could only be settled in court." "The Ministry...
by cliffyamo
11 Apr 2009 19:51
Forum: General Property Questions
Topic: a bank waiver for a developers mortgaged land
Replies: 3
Views: 6369

Re: a bank waiver for a developers mortgaged land

quote] "the bank would not issue a waiver if the developer had mortgaged the property to that bank." Nigel, My Solicitor has found that when we did a search on the whole Plot, that the Land was Mortgaged after the Properties were built, sold and paid for. Its the whole Plot of Land with seven Houses...
by cliffyamo
09 Apr 2009 23:56
Forum: General Property Questions
Topic: a bank waiver for a developers mortgaged land
Replies: 3
Views: 6369

a bank waiver for a developers mortgaged land

Dear Nigel, To use a quote from yourself previously; Quote "It is perfectly legal, in certain circumstances, for a developer to mortgage the land on which he's built even though part of the project may have been sold - and paid for in full. Although you have the right of Specific Performance, you ca...
by cliffyamo
28 Mar 2009 23:50
Forum: General Property Questions
Topic: opening a cyprus bank account
Replies: 5
Views: 7418

Re: opening a cyprus bank account

I have now opened a sterling Bank Accout and Euro Account with the Bank Of Cyprus.
You need at least your passport to open a Bank Account.
There is now a Direct Banking option with the Bank Of Cyprus and this is recomended as each statement your receive will cost you.
regards
by cliffyamo
17 Jan 2009 00:42
Forum: General Property Questions
Topic: Delay in Final Approval Certificate in Cyprus?
Replies: 1
Views: 3781

Delay in Final Approval Certificate in Cyprus?

Is there a delay in the issuing of the Final Approval certificates being provided on Properties in Cyprus alongside the already known delay in issuing of Final Title Deeds?
by cliffyamo
04 Oct 2008 21:22
Forum: Buying Resale Property
Topic: buying a resale were the land has a title deed
Replies: 1
Views: 6112

buying a resale were the land has a title deed

Hi Nigel, We finally think we have found our home in the sun but can I ask your advice on the situation. The British couple selling the house first bought the land and have the land title deeds in their name. (I have seen this, all in Greek, but their name printed on it and have also seen another be...
by cliffyamo
24 Jun 2008 23:13
Forum: Buying Resale Property
Topic: paying a deposit for your chosen property
Replies: 4
Views: 9904

Re: paying a deposit for your chosen property

"What I suggest you do is make the payment via a lawyer - and ask him/her to check out that everything's OK with the property (title, mortgage, etc) before handing it over to the vendor/agent." "Getting the money here from the UK is another 'problem'. It can take around 15 working days for a cheque ...
by cliffyamo
23 Jun 2008 23:38
Forum: Buying Resale Property
Topic: paying a deposit for your chosen property
Replies: 4
Views: 9904

paying a deposit for your chosen property

Hi Nigel, How would you advise paying a deposit for your property when you have agreed a price with the seller through an agent? Would you advise sending the funds to a cypriot account,then say writing a cheque out to your chosen Lawyer and asking the lawyer to hand over the money and make the offer...
by cliffyamo
17 Jun 2008 19:43
Forum: Buying Resale Property
Topic: Signing a new contract with developer when buying a resale
Replies: 12
Views: 18516

Re: Signing a new contract with developer when buying a resale

Thanks Nigel, I was looking at purchasing a new development without title deeds and would have been signing a contract with a developer(not without legal advice first) but I,m having second thoughts on this, with all the good advice I,m getting. I would have contacted my lawyer before signing anythi...
by cliffyamo
12 Jun 2008 23:35
Forum: Buying Resale Property
Topic: Signing a new contract with developer when buying a resale
Replies: 12
Views: 18516

Re: Signing a new contract with developer when buying a resale

"I wish you good luck." . Cliffyamo, We can only give our honest advice if you do not wish to heed it then thats your priveledge. I do hope you have reviewed all the web sites that cover the issue of title deeds and seen the very real problems so many people have had or indeed are going to have in t...
by cliffyamo
12 Jun 2008 16:25
Forum: Buying Resale Property
Topic: Signing a new contract with developer when buying a resale
Replies: 12
Views: 18516

Re: Signing a new contract with developer when buying a resale

Cliffyamo, "Out of curiosity could I ask that with all the information now available on this site and other regarding the many pitfalls of purchasing a property without title deeds why you are considering this? "Clive " Clive, I can understand what your saying concerning the title deeds but most pr...