Cyprus Property Forum for Buyers, Sellers & Investors

Thank you Nigel. That is helpful. Are you able to point me in the direction of a reputable estate agent please? Thank you :) Sorry to about your issue, but if you have an outstanding mortgage of 122k, you are very unlikely to get anywhere close to that and it'll be up to bank for you to sell at a l...

Hi Barry I've had second thoughts. Your Management Committee are required by law to insure the whole of the jointly-owned building - i.e. everything within the boundary of the development. See You have insurance but are you insured? It sounds as if they've under insured, in which case it's their pr...

The vat can be 5% before you build. Your builder will have to apply for this reduced rate. It is done via his accountant. You do not have to finished building and move in.

I have family that built with the reduced rate before the construction was completed.

As your prospective builder about this.

In my book, all the infrastructure should be in good working order and it is the landlords responsibility to ensure as such. Of course the is no law, otherwise where does it stop. You will otherwise be paying for something that is not yours, your rental payments should cover any repairs needed. Chal...

As of Monday 21/11/2022, the Land registry will no longer accept transfers without the new tax being paid. The tax was vote into force on the 1/2/2021, but was never implemented as the tax office was; a. not set up to collect it, and b. no one knew what to do. The tax is called the equal burden tax ...

https://www.stockwatch.com.cy/el/articl ... m=facebook

Sorry it's in Greek but easily translatable.

No transfer of property with outstanding communal fees!! Hip Hip Hooray.

I currently own a property in Paphos and allow family and friends to stay there if they cover the costs of their stay. I don't advertise the property anywhere as its just people we know. Do I still need a licence under the new law passed in 2020 does anyone know? Thanks for any help No, you don't n...

Hi, Your lawyer can contact the District Admin of the district you are in. If you have the complex name and who the developer was, they may be able to trace it. If you have plans on your original contract that details the architects name then you could approach him and ask if he will produce it, at ...

The committee is responsible to insure the jointly owned property as per the law. This owner has to comply and pay towards it. However, she/he can have their own insurance for the internals of their apartment as a separate insurance, but cannot be isolated from the main jointly owned property insura...

dima_mak wrote: ↑11 Oct 2022 15:48 Hi,
Someone can suggest a contractor for renovating a property in Limassol?
Thank you!

Call Elias on 96015121 Jigsaws Property Management.

Please mention me, Panayiotis from FSB Properties , he will take good care of you.

Hi WillowTree Looking through the law, it states "by decision of the owners of at least seventy five per cent (75%) of the jointly-owned property" That is not 75% of the owners, it's the owners of 75% of the jointly-owed property. (The percentage of the jointly-owned property that each owner owns i...

Hello again Nigel I am wondering how much a solicitor how much a solicitor may charge for a ‘furniture agreement’? Any advice is most welcome. Seriously, when the lawyer draws up the sale contract he will also do a 'Furniture Agreement', it'll all be included in the price he asks once you tell him ...

Hi Nigel Thank you. Read the article you gave me the link to. Very useful. I just need clarification - I am a uk resident and pay my taxes to the uk. Will I pay capital gains tax to Cypriot tax office or the uk tax office ? Thank you Yes CGT is paid in Cyprus and will be offset against any CGT dema...

Hi One further question: can the probate costs for cy will to be executed be offset against capital gains tax when the property is sold please? No, probate is to allow the administrator to sign on behalf of the deceased. Once sold it is as if the deceased is selling it. Any capital gains tax will b...

Hi, We are want to buy some land near Polis to build a house. We have been offered all sorts of plots from agents but we are worried that they do not really know how easy or difficult it will be to obtain planning permission or that they are are sure of the land zoning. Where can I find a list of t...