Property Value vs Price

You'll need land to build a custom home
Post Reply
Posts: 2
Joined: 03 Oct 2014 12:06

Property Value vs Price

Post by Onewisdom »

The Department of Land and Surveys publish a land valuation.
Is that the price that sellers base their selling price for vacant land?
Thank You!
Nigel Howarth
Site Admin
Posts: 2575
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus

Re: Property Value vs Price

Post by Nigel Howarth »

Hi Onewisdom and welcome to the forum.

The Land Registry valuation is for taxation purposes only and will included everything shown in the title - house, apartment, etc. (Also the Interior Minister has admitted that there are massive mistakes in the recent land registry valuations).

The actual 'value' of land/immovable property is what someone is prepared to pay for it. Sellers tend to set the price of a property on how much they would like to get for it - in many cases these prices are overblown.

Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Post Reply