Cyprus Property Forum for Buyers, Sellers & Investors

Hello Luciano and welcome to the forum.

Your 1/14 share is 11.92 square metres! Too small for anything and you'll need vehicular access, electricity, water, etc, etc.

Suggest you look for for a building plot (ikopedo). This will have a road, pavement, electricity and water already provided.

Regards

Beware of buying shares of lands as they always come with problems. First of all you will need the permission of the other co-owners to do anything on this small plot, what if anyone of them refuses??

You should make sure you use a lawyer to buy this and that everyone agrees to sign any paperwork for you before you buy it.

Then, what else is on this land?? It may be that the density is all used up and you will not be able to place anything there.

To put anything on this land you need a planning permit, and then a build permit as there may be other things you will need to build like pavements etc.

You should commission an architect to advise you otherwise it could be an expensive mistake.

Do not buy this without a lawyers advice, you will be asking for trouble. I don't see why there is vat on this land it is not a building plot!!!

Good luck.

Nigel Howarth wrote: 28 Apr 2020 13:45 Hello Luciano and welcome to the forum.

Your 1/14 share is 11.92 square metres! Too small for anything and you'll need vehicular access, electricity, water, etc, etc.

Suggest you look for for a building plot (ikopedo). This will have a road, pavement, electricity and water already provided.

Regards

Nigel, I think he means that the 1/14 share equates to 167m2.

Hi Lucianno

The only way you'll be able to build on the land without getting the permission from the other owners is if your share of the land has a separate Title Deed. This will make you the owner of 100% of the land you're thinking of buying. But even then you'll need permission of all the owners to transfer title (ownership) to yourself.

The owners of the land can apply to the land registry to have the land sub-divided into plots (at their expense.) This will ensure that your share has a separate Title Deed.

Regards

Lucianno wrote: 28 Apr 2020 16:45 Thank you all for answering.
162m2 it the the size of the shared plot for sale.
The plot it is listed for share on G&P Lazarious. I called there someone at the office to ask details about the land:
Has nothing builded on my share and he has "a paper" (don't know what paper) that show exactly what is my shared part of the land and I can build without requesting the other 14 owners. (If even is possible)
Everything will be supervised by a lawyer.

Thank you!

Luciano,

this plot is going to cause you problems I believe. By the time you have left a 3m min gap between each boundary, space for the pavement and the fall back from the main road, there will be very little land left to build much else. If you were able to get a permit I am pretty sure they will insist that you are responsible for the pavement for the entire plot not just your bit. Before you buy this you should seek the advice of an architect that knows the regulations otherwise you will just be left with it. Unless you just want to sit a 'lyomeno' on it. Depending on it position and location they planning authority my ask for other things like walkways/rights of way to be constructed, they will place the cost on you unless that paper the agent has says so.

Why not ask the agent, for the owners to apply at your expense, if you get the permit, you buy, if you don't, you don't buy???

I understand what the paper the agent has but this is only so that you know which piece is yours.

But at the end of the day you are asking for trouble.

As a matter of interest where is this plot and what is the price asked.??