Cyprus Property Forum for Buyers, Sellers & Investors

Hi Lamb, The 20% you pay will be the Capital Gains Tax - this will be calculated on the the amount you receive for the land (125,000) less its worth on the Title Deed (I'm not sure if the 2,000 you mention is the 1980 assessed value of your share or the total plot). And yes, they will take inflatio...

Hi, I need some advice? I live in England, however i own a share in some land in Avgorou, which is divided between 6 people, including myself. One of the six is missing in action for over 30yrs now, can we still go ahead and sell? I have been notified by my aunt that there is 3 interested buyers an...

Ah, I understand. You already have the Title Deeds. ( I suspect the developer may have got the land divided before he started construction ) Nigel, not wanting to be the bad guy here, but I have some confusion as to what you just stated. I am assuming that the land is in a build zone (hence the bui...

Hello Pan, I've already had a couple of enquiries about sponsoring the site - I'm still thinking about it. I look at all my websites as a 'social business' as defined by Muhammad Yunus. All I'm really looking to do is to recover my costs - and I get a few cents every time someone clicks on one of t...

Hi Pan, That's a good one! I have no idea! Logically, when the Title Deed is issued, it would be in the name of the developer. The Community/Municipality would need to get ownership transferred to their name - or perhaps they have a long-term lease on in at a peppercorn rent - or, as it's a conditi...

Hi Pan, I agree that Sheila is very unlikely to be prosecuted. However, those buying property need to ensure they abide by the laws of the land (otherwise anarchy would reign). IMHO, Article 10 of the Streets and Buildings Regulations Law, Cap. 96, provides a vital safeguard for buyers that the pro...

Hi Pan, Last year our local developer in Erimi set out a green area next to me. He put a wall around it, put in some trees and other plants, a watering system and childrens' play equipment. It looked very nice when he'd finished. But now it's overgrown, most of the trees and many of the shrubs have...

Hello again Nigel :D , Thank you for your reply so quickly. It kind of makes a mockery of it all doesn't it. If its illegal to occupy a property without the certificate of approval and this takes months to be issued then everyone is breaking the Law . Its a no win situation really. Unbelievable. Wh...

Nigel, probably a bit out of date now, but my understanding of obligatory green areas was that they were public spaces. This means that the local council is responsible for its upkeep, but is also open to to member of the public too. The fact that this developer has left it in a bad way is a reflect...

Hello Nigel, how about a classifieds section on this board, buying and selling properties etc? Would be a way to draw people here to check whats on offer. Just wondered. Also, wondered about forum sponsoring. Do you have it. I may attract some local businesses and would help the upkeep of the board....

Thank you v much, i know i may be boring you with the same topic. I agree with the agent thing, but what can i do, to be honest i have spent the past 2 years trying to get my family to agree to sell it, so if he finds someone and my family agree finally on the amount offered then i dont care. I was...

Nigel, Your comments : But your Capital Gain is adjusted for inflation and there are a number of 'allowable expenses' that you can use to reduce your liability: Property transfer fees. Stamp duty. Estate agent’s commission - but only if the estate agent is licensed by the Cyprus Real Estate Agents’ ...

Hello Everyone, Just so that there are no mis-understandings, I am in the selling/letting of properties in eastern cyprus. I hope Nigel doesn't mind commercial forummers. I am happy to make useful contributions on this site as I do on others. Looking forward to chatting, as I find in this profession...

Im new to this site, and having read your advice on things, i was wondering if you could help me with this one. I have been given a piece of land by my father who's family history goes back many generations in the same village. I have decided, as per my other post that i have made as you shall see,...