If there is a building on the plot you are buying, ask for the building permit in order to make sure that the structure is not illegal, as well as to ascertain the terms and conditions of the building.Please note that most of the above problems do not exist in case you buy a building site (as opposed to a plot of land/field). Even if the title deed registers the property as a building site, however, it is recommended that you go through the motions of checking the various prerequisites for development.
Cyprus is an independent and sovereign republic with the elected president (5 year election cycle) as head of state. The legislation power lies with the elected House of Representatives and appointed council of ministers. The legal system is based on the British/European system with independent power exercised by judiciary. Cyprus is a member of the UN, the British Commonwealth, the non-aligned movement, World Bank and IMF, and shortly to be a full member.
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 quality of construction is another problem. Normally the developer's reputation and a visit to a previous project will give you an idea of what you can expect. Show a preference to blocks utilising low maintenance materials: sprits finish to a block as opposed to decoration is an advantage; the use of timber windows as opposed to plastic ones is a disadvantage; a poor quality lift will cause you major future difficulties etc.
Reliability: Be very careful to whom you are giving your money. A developer's past performance is the best form of guarantee but if you are afraid that the block will not be completed (and it is not the first time such a thing happened) ask for a bank guarantee. It is most important for you to deposit the sales contract with the Lands' Office within two months of the purchase, so that you will have some form of a right to claim and/or seek specific performance if something goes wrong.
Cyprus is an independent and sovereign republic with the elected president (5 year election cycle) as head of state. The legislation power lies with the elected House of Representatives and appointed council of ministers. The legal system is based on the British/European system with independent power exercised by judiciary. Cyprus is a member of the UN, the British Commonwealth, the non-aligned movement, World Bank and IMF, and shortly to be a full member.
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 quality of construction is another problem. Normally the developer's reputation and a visit to a previous project will give you an idea of what you can expect. Show a preference to blocks utilising low maintenance materials: sprits finish to a block as opposed to decoration is an advantage; the use of timber windows as opposed to plastic ones is a disadvantage; a poor quality lift will cause you major future difficulties etc.
Reliability: Be very careful to whom you are giving your money. A developer's past performance is the best form of guarantee but if you are afraid that the block will not be completed (and it is not the first time such a thing happened) ask for a bank guarantee. It is most important for you to deposit the sales contract with the Lands' Office within two months of the purchase, so that you will have some form of a right to claim and/or seek specific performance if something goes wrong.
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