Cyprus Property Forum for Buyers, Sellers & Investors

Cyprus2023 wrote: ↑11 Apr 2023 15:01 ok, so the agent has now refunded my deposit and wants to wash their hands of the matter ,but vendor will not pay compensation for pulling out.

Consider yourself lucky you got your money back. Anything else, is wishful thinking.

Thank you for your quick reply. What is the point of reservation fee if he /she still accepts offers elsewhere. I thought it secured the property for 30 days. If I pulled out I would lose the deposit, yet he can pull out and I get left with the bill for the surveyor? The pre-sales agreement, should...

Thanks Pan I have a printed copy of the regulations, which is dated March 2002 - it's way out of date. The price was CYP 3.00 I bought my copy at a bookshop in Limassol, which closed several years ago. Cheers, I have seen these recently and trying to find where on my pc I saved them. It was dated 2...

Try Minerva, they insure unoccupied properties, albeit and a slightly higher rate.

Dear community, Where can we find the current building regulations for residential building? Are they available in English as well? Best wishes, Vendela These are not in English. I suggest you enquire at the planning department of the district you are in. These regulations may be subject to updates...

Don't pay, it's not your responsibility. You have your deeds send him to the investor/developer and don't stress.

Is this land agricultural or residential? If agricultural you cannot subdivide into plots. If residential then you need the appropriate planning and build permits, then you may be looking at about 25k / plot to subdivide and add utilities, roads, greed area etc. Anything you do planning wise, you'll...

First off, do you have title deeds for your property? Then, to add any extension you will need a planning permit and a building permit, you will need the developer to sign these applications if you have no deeds. If he has unexhausted build density you may be able to add an extension. It won't be an...

J B wrote: ↑24 Jan 2023 11:26 Confused dot com
I posted a reply last night, which you have obviously read .... but it's no longer there.

Your post contained link to another site which is not allow and was thus removed,

You can pm such links to individual members.

Thank you Nigel and Pantheman. I have cut and pasted part of the agreement “The said loan shall be repaid by the Borrower to the Bank on first demand. If no such demand is made the said loan will b e repaid bv 301 consecutive monthly instalments. The first instalment will be pavable o n S 4 . 1 4 ....

Thank you Pantheman Definitely a Fixed Rate for 25 years! (I will be 77 - or dead - when it is paid off, deep joy) There must be some mistake, banks don't fix mortgage rates for 25 years that I am aware of, are you sure it is not your term you are looking at? If in the event I am wrong and it is 25...

How long was the term for the fixed rate? 5,10, 15 years? Generally, they cannot change a fixed rate until the term finished. Are you sure you had a fixed rate and not a fixed term?? Only other thing I can think of is to check the details of the agreement, but that said, how can a rate be fixed but ...

Paying 200,000 up front is a no no. Pay a reservation fee 5000, get the tax clearance whilst waiting for the CoM permission. Have a clause that states if CoM is not obtained you have a right to withdraw. Any taxes paid will be in the system for his next buyer. They can either do the deal or find ano...

Thank you Pantheman. The plan is to sell the studio and remortgage our UK home to clear the rest of the debt. I have asked Alpha Bank to write off the debt etc, but they won’t hear of it. I am assuming if I default, they will still be able to come after me despite us no longer being in the EU? I th...

Are you just 2 properties on a single plot or on a development?? One way around this is to do an N50 search at the land registry that will tell you who the owners of the properties are, this way you can prove to the EAC that she is indeed the owner. Strictly speaking she should only need the front p...