Cyprus Property Forum for Buyers, Sellers & Investors

Hi Nigel, It is a toss up whether to sell or keep the tenant. He and his family have been known to us since 2004 or so and he is a very senior Director. He will probably retire in around 5 years and has said he is quite happy to remain on board until at least that time. What we need to consider is h...

Hi Nigel.
Cash works.

We finally have the transfer completed even with the LRO creating problems at the time of the transfer.

I am unable to describe the sheer relief.

All we need now is a buyer..anyone want a great house in Cyprus?

Thank you for your support Nigel.

Howard

Hi Nigel, I agree but what else can we do. We are both well over 70 now and we don't need the hassle any more. The dream of moving in on June 3rd 2003 followed by a huge party soon went downhill and whilst I would love to see the "ba...d" well and truly sorted, the legal system is far too corrupt to...

Hello Nigel, Well, as usual Cyprus Law ground to a halt and no hearing taking place.....The local judges have not got a clue. They cannot agree amongst themselves what the "New law" re title deeds and the LRO means for common folk....... Luckily for us.....A woman based in Limassol who happened to h...

Next Court hearing September 20th.

We have had to provide yet another affidavit proving we Paid house in full. Plus copies of all cheques again.

Talk about corrupt!!!!!!

Not holding out much hope.

Hi All,

When are the sewerage charge invoices being issued this year please?

Will they still be from the Sewerage Board or the local village office?

Thank you in advance.

Howard

As an example I use HIFX now known as XE Currency. I have used them for 14 years with no problems. I am currently residing in Uk but have a Cyprus Bank account and debit card. I go online (you need to register) and use my debit card to conduct the transaction. If, having sold your house it is a trad...

Hello Nigel and Pantheman, Re the original lawyer confirming payments......Not acceptable. Bank sent copies of every cheque but LRO demanded originals to which the Bank told them to ....F.....O.....f The LRO are the ones now asking for our affidavit. This will be number two plus lawyer letters etc e...

Hi,

Hopefully we may soon receive our title deeds. (Ever the optimist). Any one paid Estate Agent fees recently for selling. If so what are costs like now?

Also, Nigel, are we allowed to put up details of ones own property for sale on the Forum?

Regards

All

H

Update time. We finally convinced the LRO to allow us to deposit the Immovable Property taxes paid by the developer from 2003 to 2012 in their Escrow account in the developers name. What a job that was. The developer and his lawyer both stated they had never instigated such an invoice. Luckily the c...

Hi Nigel,

I have actually suggested this to our lawyer and await a reply.

I have also suggested the lawyer pays the developer from his account. Therefore this being proof to the TRO....Again I await a response.

Will keep you advised.


Howard

Hi Nigel, Sorry for the delay but have been in hospital and other things... We seem to have resolved the IPT situation but we still have the "Developers" yearly property tax paid on properties built before transfer of deeds to buyers. In our case he paid up until 1st year of IPT and we brought these...

Hi Nigel, As an update re our application to the LRO for deeds here are the latest happenings: 1. We proved all payments to developer. 2. Warranty hold back money lodged with LRO. 3. All release certificates obtained from Electricity, Water, Sewerage Etc Etc. 4. Out of the blue developer via his law...

Hi,

Can anyone tell me whether the discounted Transfer Tax rate is still in operation or has this now ceased?
Also does anyone have a list of Indexation rate for the years 2003 to end 2016?

Thank you.

Hi Nigel, In order: We applied to the LRO via our Limassol lawyer (one of the good guys). We also took particular note of your article and gave the lawyer a copy. The LRO finally accepted an Affidavit re the payments but I had to attend Cyprus (Limassol court) to have it certified/witnessed. House i...