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by Nigel Howarth
17 Jan 2008 14:51
Forum: Communal Property Management
Topic: Insurance of Communal Areas
Replies: 9
Views: 10829

Re: Insurance of Communal Areas

Oh dear,

It maybe worthwhile speaking with the developer to see what insurance company he's been using.

Regards,
by Nigel Howarth
16 Jan 2008 16:02
Forum: FAQ
Topic: Independent Legal Advice
Replies: 0
Views: 6419

Independent Legal Advice

When buying property in Cyprus, it is absolutely essential that you take independent legal advice : NEVER hand over money or sign any papers until you have spoken with a competent independent lawyer. NEVER use a law firm or take legal advice from a lawyer who has been introduced to you by a property...
by Nigel Howarth
16 Jan 2008 15:48
Forum: Buying Resale Property
Topic: independent legal advice
Replies: 6
Views: 9962

Re: independent legal advice

Hi bitterlemons I must admit that I have problems trying to understand some people buying property here. They wouldn't dream of using the same solicitor as the vendor in the UK. But as soon as they get here, their common sense flies out the window. There's an article in my blog at http://www.news.cy...
by Nigel Howarth
12 Jan 2008 16:12
Forum: Selling Property
Topic: capital gains or VAT?
Replies: 6
Views: 8485

Re: capital gains or VAT?

Kwacka wrote:felt like we've been banging head against wall several times during this process.
Try banging the developer's head against the wall. It's much less painful and much more satisfying :wink:

Cheers,
by Nigel Howarth
11 Jan 2008 20:26
Forum: Communal Property Management
Topic: Insurance of Communal Areas
Replies: 9
Views: 10829

Re: Insurance of Communal Areas

Hi bitterlemons, No problem :) It will be interesting to see how the regulations develop, but I can appreciate the problem. For some developments such as hotels, holiday and time-share apartments it's obvious that they are 'public' pools. For other private developments, where the owners choose to re...
by Nigel Howarth
11 Jan 2008 20:11
Forum: Selling Property
Topic: capital gains or VAT?
Replies: 6
Views: 8485

Re: capital gains or VAT?

Hi kwacka and welcome, Even though you may not have Title to the property you are selling, you are liable for Capital Gains Tax on any gain arising from the sale (as it's you who have made the gain). No VAT is payable on the purchase/sale of resale property. There is a page on my main website that e...
by Nigel Howarth
10 Jan 2008 17:56
Forum: Communal Property Management
Topic: Insurance of Communal Areas
Replies: 9
Views: 10829

Re: Insurance of Communal Areas

Hi bitterlemons, I was hoping a question about communal pools would never raise its ugly head here - but I was wrong :( To say that the legal position is confused is somewhat of an understatement. Denis O'Hare & I met with Dr Lazaros Savvides, the Permanent Secretary of the Interior Ministry back in...
by Nigel Howarth
10 Jan 2008 15:25
Forum: Introduce Yourself
Topic: bitterlemons
Replies: 1
Views: 3580

Re: bitterlemons

Hi bitterlemons and welcome, You sound a bit like us. We first visited Cyprus back in 1982 - and became addicted to the place. It is less stressful here (most of the time). But it did take me well over two hours of queuing at three different banks before I managed to get my € checkbook that I ordere...
by Nigel Howarth
10 Jan 2008 13:43
Forum: Introduce Yourself
Topic: David
Replies: 3
Views: 4633

Re: David

Hello David & welcome to the forum, I'm pleased to hear that you had a good experience and are happy with your purchase. There are always delays in building works - my house was a couple of weeks late. But at least my architect kept me in the picture as to what was happening and we could organise th...
by Nigel Howarth
03 Jan 2008 19:23
Forum: Buying Property 'Off-Plan'
Topic: Mortages
Replies: 3
Views: 6809

Re: Mortages

You're welcome Tim.

Have you considered looking for a resale property? There's a lot around at the moment and you'll have a much better chance of finding something that's not mortgaged - and if you're lucky, you might even be able to get the Title Deed immediately.

Happy New Year
by Nigel Howarth
23 Dec 2007 13:18
Forum: General Property Questions
Topic: opening a cyprus bank account
Replies: 5
Views: 6257

Re: opening a cyprus bank account

My bank (Laiki) has published a list of their services and charges that you can find by clicking here . If you deposit a UK cheque into a Cyprus bank account, it takes about 3 weeks to clear - and there's a charge of CYP 5.00/transaction (so it's cheaper if you deposit several cheques at the same ti...
by Nigel Howarth
17 Dec 2007 00:42
Forum: General Property Questions
Topic: opening a cyprus bank account
Replies: 5
Views: 6257

It would be a good idea to open a bank account - it may be better to wait until after the 1st January when all acounts will be converted to the €uro. I opened mine many years ago - in 1992, when we bought our land. As I recall, I deposited one pound and all I needed was my passport and proof of my U...
by Nigel Howarth
08 Dec 2007 20:29
Forum: Buying Property 'Off-Plan'
Topic: Mortages
Replies: 3
Views: 6809

Hi Tim and welcome to the forum. It's a common practice for developers to mortgage the land on which they're building to 'kick start' the development. You need to proceed with caution. As the bank will not issue a declaration until separate Title Deeds are issued, you are at risk if the developer go...
by Nigel Howarth
29 Nov 2007 19:36
Forum: Property Ownership
Topic: Trying to secure title deeds
Replies: 4
Views: 8264

Hi MC If you want to file a complaint then you should write a letter to the Cyprus Bar Association's Disciplinary Board and send to their offices: Disciplinary Board 1 APELIS 1403 Nicosia Cyprus For every complaint filed, you pay 40 CYP fees to the Disciplinary Board. Or you could try the Attorney G...
by Nigel Howarth
26 Nov 2007 23:23
Forum: General Property Questions
Topic: Antonis Loizou Reader's questions Cyprus Weekly 23-29 Nov 07
Replies: 3
Views: 5642

Hi Marion, I did see the letter in the Cyprus Weekly. He goes on and on saying how he's bought a copy of my book and he dislikes the way it's been written. But facts are facts, perhaps they're a bit too close to the bone for his liking. I don't know what sort of childish, silly games Mr Loizou playi...