Search found 15 matches

by Zoom123
16 Aug 2019 04:44
Forum: General Property Questions
Topic: VAT on home construction over 200 square meters
Replies: 3
Views: 489

Re: VAT on home construction over 200 square meters

Thanks. They seem to be using the same formula.
by Zoom123
14 Aug 2019 21:12
Forum: General Property Questions
Topic: VAT on home construction over 200 square meters
Replies: 3
Views: 489

VAT on home construction over 200 square meters

Hello, According to the law VAT is only 5% for the first 200 square meters of a house and 19% for every square meter beyond that. If you will build a house greater than 200sq.m. they estimate the VAT rate that you will be paying. Does anybody know the exact formula that is used to find this rate? On...
by Zoom123
15 Apr 2019 16:26
Forum: General Property Questions
Topic: Steel vs Concrete frame (vs other options)
Replies: 2
Views: 962

Re: Steel vs Concrete frame (vs other options)

Thanks. I read several articles but those aren't Cyprus focused. The costs and techniques used here could be different as well as the availability of professionals.
by Zoom123
13 Apr 2019 16:53
Forum: General Property Questions
Topic: Steel vs Concrete frame (vs other options)
Replies: 2
Views: 962

Steel vs Concrete frame (vs other options)

What are the pros and cons of steel vs concrete frame for a two story 200sq.m. house?

Are there any other, better, options that I should consider?

Thanks!
by Zoom123
15 Mar 2019 01:43
Forum: General Property Questions
Topic: VAT on land
Replies: 6
Views: 1419

Re: VAT on land

Thank you Nigel, this was my understanding also. What I can't find are the specific rules. Like what does "several years" mean? It is very vague.
by Zoom123
14 Mar 2019 15:43
Forum: General Property Questions
Topic: VAT on land
Replies: 6
Views: 1419

Re: VAT on land

Thanks Pantheman. My understanding is that even if it is from an individual there might still be VAT If that individual happens to own several plots and sells more than one within X amount of years (and I am not sure what X is) Regarding 5%, I am not talking about the materials, but about the actual...
by Zoom123
14 Mar 2019 15:37
Forum: General Property Questions
Topic: Property Exchange
Replies: 2
Views: 924

Re: Property Exchange

Thank you for the info!

I am in Limassol. If you know such agents or decent lawyers that will not overcharge, let me know!
by Zoom123
14 Mar 2019 03:53
Forum: General Property Questions
Topic: VAT on land
Replies: 6
Views: 1419

VAT on land

Hello, There was a great confusion as to when VAT is applied and when it is not when buying a plot. So far I collected the info below, but I am not sure if it is correct and complete: VAT is NOT applied if: 1) The profession of the owner is not related with the sale of properties (developer, estate ...
by Zoom123
14 Mar 2019 03:38
Forum: General Property Questions
Topic: Property Exchange
Replies: 2
Views: 924

Property Exchange

Hello, I am considering to exchange a plot I own with another. The 2013 valuation of my plot is about €205.000 while the other plot is €170.000. The difference in their market value is about €40.000-€50.000. The other person is not a relative. Can such exchange be done, and is doing so any more comp...
by Zoom123
15 Feb 2019 17:50
Forum: General Property Questions
Topic: "Notes" on title deed
Replies: 12
Views: 2298

Re: "Notes" on title deed

UPDATE The title deed I was referring to earlier was issued in 2016. Now the estate agent has emailed me a new title deed issued in 2017 which has a different note which seems to be worst than the first one. So, the note on the title deed that was issued in 2016 said: Ο Δικαιοδόχος δεν δικαιούται ν...
by Zoom123
13 Feb 2019 22:46
Forum: General Property Questions
Topic: "Notes" on title deed
Replies: 12
Views: 2298

Re: "Notes" on title deed

Thanks for your help. Greatly appreciated!
by Zoom123
13 Feb 2019 19:31
Forum: General Property Questions
Topic: "Notes" on title deed
Replies: 12
Views: 2298

Re: "Notes" on title deed

It is possible that the person acquired the plot from the state (as a refugee status) and usually the note would say '... cannot transfer, withing 5 years of plot registered to the owner. It seems that this is the case according to the estate agent. The dates also match, since it is from 2016 to 20...
by Zoom123
13 Feb 2019 17:40
Forum: General Property Questions
Topic: "Notes" on title deed
Replies: 12
Views: 2298

Re: "Notes" on title deed

Yes, I have a copy but the details of the owner are hidden.
by Zoom123
13 Feb 2019 15:48
Forum: General Property Questions
Topic: "Notes" on title deed
Replies: 12
Views: 2298

Re: "Notes" on title deed

Thank you for your replies! I assumed that this had something to do with the property being mortgaged and that such "notes" would appear in the title deeds of all mortgaged properties, but it seems that this isn't the case and it something even "worst" for me as a buyer? I will certainly talk to a l...
by Zoom123
12 Feb 2019 18:24
Forum: General Property Questions
Topic: "Notes" on title deed
Replies: 12
Views: 2298

"Notes" on title deed

Hello, I am interested to buy a plot in Limassol. On the title deed for this plot there is a Note at the bottom which states that the owner can not sell the plot until August 2021. The estate agent assures me that this is not a problem, that we will make a contract and that the property will be tran...