Best rated apartment real estate experts Limassol, Cyprus: Alliance members include large (working all over the island) and medium-sized (specializing in one region) developers. In addition to large and medium-sized players in Cyprus, there are also small developers – family companies, initially focused on the domestic market. They do a great job, both in design and quality, however in foreign markets nothing is known about them. For such companies, opening representation in other countries, participation in foreign exhibitions and events, arranging advertising campaigns and so on is too complex, both financially and organizationally. We would happily like to note that some family-owned developers have already been accepted into the Alliance and we are open to further work in this direction. Discover more info at apartments for sale in Cyprus.
On your arrival you will meet one of directors or a manager of the Alliance. In course of communication your requirements will become more specific and will be more thoroughly discussed and opinions will be exchanged. Then the sales managers will show you those properties that have been discussed at previous stages. As a result of site visits you will meet our directors in order to summarize the impressions of the visits and outline a plan of further activities. Surely, sometimes our clients happen to find a house or an apartment they have long dreamed of on the pages of our web site. Then it would come to nothing more than viewing that property. Anyway once you finally fix upon this or that property(ies) and say: “This is it! I am buying this!” we will proceed to transaction execution.
Types of Immovable Property Ownership – Sequence of operations in the course of effecting a sales transaction is described on page “Buying property”. It shows that there are several immovable property ownership statuses in Cyprus. Here is more detailed description. There are only three statuses of the kind. Immovable Property Owner – Once a contract of sale for a property is signed and at least 30% of its amount paid, the contract is deposited at a public agency – Land District Office. As a result you become property Owner.
Restrictions when Buying Immovable Property in Cyprus – Formerly the Legislation limited purchase of immovable property in Cyprus to a single property per person for nationals of countries that are not members of the European Union. At present the restriction has been liberalized and not so binding. On page “Residence Permit” you can learn that with the purpose of obtaining permanent residence permit a customer can purchase two properties from one developer. It should be noted that in matters of property purchase spouses are considered as one person. That is, in case a restriction “single property per person” is valid then it is impossible for one spouse to buy one property and for the other to buy the second one.
To obtain a mortgage one is required to have life insurance (for the amount and period of the mortgage credit). The purchased property shall be insured as well. The normal period within which a bank makes a decision on issuing a credit comprises 1-2 months upon receipt of all the required documents. Generally accepted standard practice in Cyprus assumes 12-month warranty period for your immovable property provided from the time of property delivery that is from the time when you receive a key of your apartment, townhouse or house.
The environmental conditions are as good as the climate. Cyprus population is only 1mln people. There are no large industrial enterprises, which could pollute the environment. Car park is modern and uses only petrol/diesel of European quality. Fourty nine Cyprus beaches, i.e. hundreds of kilometres of coast line have been awarded the international certificate of environmental friendliness “Blue Flag”. In Cyprus there is one of the lowest crime rate in the European Union. There are no places where it is not recommended to purchase property due to proximity to this or that problematic area. There are no steel entrance doors as a notion. Fencing height is limited to 1.2m. See extra details at CDA group.