Cyprus Property Forum for Buyers, Sellers & Investors

Nigel,

Thanks for your help over the past couple of months.

I think it might be a blessing in disguise that any purchase is delayed as the value of the Euro is plummeting.

No it was a genuine family run Solicitor. I was going to use the one on the British Commissions list but I was recommended ...

I tried to buy an Apartment in Larnaca in April, safely. One would think it an easy thing to achieve in modern day Europe. Well, not so when dealing with lying Estate Agents and Developers in Cyprus.

Estate Agent: Apartment 1.
1. Advises that Title Deeds are due in approx. 3 months so its ...

Nigel,

The bank concerned has agreed to do a much reduced charge than the 1.8% for the Bank Guarantee. I hope for each year that the G'tee is vaild. Thx.

vah

But you would still recommend a Bank Gurantee?

Nigel,

Your informative comments are once again.

The damp is at the base of the block of 8 flats so it will not affect the inside of the apartment which is a penthouse.

If I get confirmation that the management committee will proceed to cure the problem I will be happy, but will they????

I ...

Nigel,

Found an apartment, title deeds imminent otherwise no deal; but there is signicant evidence of damp all round the block. There are 8 residence and the apartment is on the top floor.

Should the damp be a deal stopper?

Any comments woould be appreciated, the developer on this 4 year ...

Nigel,

I need a Lawyer and some reassurance from a helpful website forum.

I have found a new build apartment, the last one in the block to be sold, with NO mortgage (according to the Developer) nor Title Deeds, as yet. I need a good independent Lawyer but, as I understand it, I need a Bank ...

Nigel,

'When it comes to finding a lawyer, the best thing people can do is:
Use one whose office is in a different town to where they're thinking of buying.'

I was going to use a Larnaca based Lawyer from the UK High Commission list as I am going to buy from Larnaca.

Logic does not seem to be ...

Nigel,

Brilliant link; I now need to read all your Top 10s1

Cheers for now.

vah

Nigel,

'In this way the buyer is sure that if the seller goes bankrupt or does not comply with the permits and cannot issue titles, he will at least get all or some of his money back, depending on the amount of the guarantee.'

There is no option really but to have the Bank Guarantee for the full ...

Nigel,
Thank you for your research on the Issue of Bank Guarantees.

The whole situation in Cyprus seems ridiculous to me. Seemingly, it has reached a point where a buyer has to do a search at the Land Registry to determine whether there is a mortgage on the property with Title Deeds.

Last time I ...

Nigel,

Thank you for your comprehensive reply.

This particular apartment is said not to be mortgaged - however, one never knows if the developer may borrow against it in the future if the title deeds are held by the Bank.

On my part I won't need a mortgage and think I will insist on a property ...

Hi, I hope someone can help.

I discussed the issue of the risks in buying Mortgaged property in Cyprus with No Title Deeds with a Developer when I was told that a Bank Guarantee can be issued to reassure me.

I must admit I did not understand what the Bank Guarantee would cover ie the consideration ...