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Monday, January 7, 2008

Real Estate In Northern Cyprus

By William Marind

Be absolutely sure that the land you are buying is in fact the land that you are being shown. Ask for a copy of the title deed and check the sheet/plan/plot references and the site plan of the site. Look at the site plan and ascertain from its boundaries its shape and sitting. The location of nearby roads and buildings, major differences in the topography of the ground, rivers and streams are clearly shown on Lands' Office plans. If you cannot study the site plan seek the advice of your property surveyor.

Check whether the property you intend to buy is affected by any town planning zones. If you intend to build a house in a certain area, you may find that the building density is so low that you will not be able to erect a satisfactory unit. In addition, the zones may exclude the use you have in mind in that locality.There have been cases where a person acquired his dream holiday spot only to find out afterwards that it was sited within an animal farming zone of the parish in question (which implied that his neighbour could very well be a pigstry).

The seashore protection zone is independent of the town planning zones. It is a zone which extends from the sea and it usually (but not always) has a width of approximately 300 feet. Within this zone no building can be allowed, even a small hut, ice cream shed or a swimming pool. When there are ancient monuments close to your plot, be careful to examine whether the Director of Antiquities has any objections to a building project. If a plot of land is classified as an ancient monument area, the Director's approval must first be sought.

Cyprus is the lead nation that joined the European Union in 2004 which is another factor affecting the growth and prices in the property for sale market of Cyprus. It is expected that in the run-up to becoming a member of "the club", prices of property for sale in Cyprus will continue to rise at an estimated growth rate of around 20% per annum.The climate of Cyprus makes the island one of the healthiest places in the world. With 340 days of bright sunshine annually.

If your property does not possess an access, the property can acquire a right of way over adjoining property in order to reach a point of public access. The procedure is undertaken by the Lands' Office on application and the right to obtain an access is reserved even if the owners of the property over which the access will pass object to it. Please note that if the right of access is in excess of 1,000 feet (distance from a public road to the property) then a permit to erect a house will, most likely, be refused.

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