Cyprus Property Forum for Buyers, Sellers & Investors

HI Nigel
Do you happen to know what Land Registry fees (if any) are involved when assigning a contract to a new owner.

Regards
Avanapa

Thanks Nigel. I should have said can the LR refuse an "assignment of contract" given the new situation.

Hi Nigel Given the recent District Court decisions re the "trapped buyers law" and the constitution, does this mean that the "trapped buyers law" at this point in time is not in force and now offers no protection. Ironically, after having little interest since the trapped buyers law was passed, I no...

Thanks for that Pan We had applied for deeds via the "trapped buyers law" way back in Sept 15. After the law was passed in 2015 CRI actually advised us that the law as it now stood meant we were free from any obligation and we had no longer anything to worry about. Of course, in view of the recent c...

SNK Venus Developers. Dinos 1 was the development.

Regards
avanapa

Hi Nigel, thanks for that. Can I clarify that it was the bank that had refused payment of the developer debt re my plot in the past. The developer has been bankrupt since 2010. I know a new "specific performance" law came into force a few years ago that would force the bank to take payment but I und...

Hi Nigel Can you advise what happens in the case of a repossession in Cyprus when the outstanding developer debt that is claimed by the bank is relatively small. The existing debt on our project is 70,000 euros which I assume is divided between the 11 properties on our project. That works out at rou...

Hi Nigel
I was at the District Office in Larnaca today and the lady there confirmed that the decree is now law.

Hi Nigel

Can you confirm whether or not? this decree has actually passed into Law yet

Thanks Nigel. I will call them.

Thanks for your prompt reply. Can you advise me where and what is the District Office. I e- mailed the Planning Dept a few weeks ago to find out if my project had been surveyed and for any updates. They said they do not deal with this and I should contact the District Office for my area. Is this the...

Hi Nigel, may I enquire as to you having any further information re the Decree issued in June by the Interior minister, regarding the amnesty involving minor planning infringements. Your article "More help for trapped buyers" had outlined the main purpose of the decree. However, you may recall that ...

Hi Nigel,
hope you are well. Has there been any news re the Alpha Bank court case that was postponed till 20th April?

When we were handing in our application at the Larnaca LR the girl first passed us a separate form and asked us to sign it.I asked what I was signing (it was in Greek) and she said it was required for those applicants that had no deeds yet issued. Possibly the same form?

Hi Michelle, yes I did pick the wrong post lol, though it was just an attempt to explain how an apparent lack of action can be misconstrued as apathy. I think there are many over the years who have tried to engage with the banks, lawyers etc, with a view to finding solutions and to be fair are no cl...