Title Deeds Discount

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villaowner
Posts: 3
Joined: 14 Oct 2015 15:47

Title Deeds Discount

Post by villaowner »

Hi Nigel,

We paid for our deeds in December 2015 in Paphos.

The cost was discounted by 50 %.

I see from another thread hat the discount should have been offered at 60 % ?

Do i have any recourse to claim the extra amount ?

Many Thanks
Nigel Howarth
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Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
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Re: Title Deeds Discount

Post by Nigel Howarth »

Hi villaowner

The 10% discount applies to successful applications under the 'trapped buyers'/'hidden mortgage' law. See http://www.news.cyprus-property-buyers. ... id=0096019

"In cases where an application is successful, the purchaser will be requested to pay the Property Transfer Fees within 60 days of a notice to transfer the property. If the purchaser pays within the 60 days they will be entitled to a 10% reduction in the transfer fees or pay the transfer fees in 12 monthly instalments."

Regards,
Nigel Howarth
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