Cyprus Property for Sale - A Safe Bet for Buyers
When house-hunting abroad it pays to take care, since it is well known that horror stories abound right across the world with cases of buyers being ripped off by unethical developers and agents.
Cyprus Property - Legal Safeguards
In a concerted effort to prevent this sort of thing from happening on Aphrodite’s Island, the Cypriot government has passed some of the strictest legislation in Europe for the protection of overseas homebuyers purchasing Cyprus property for sale.
Unlike Spain with its land-grabbing scandals, the ‘Turkish Republic of North Cyprus’ with its illegally issued and worthless title deeds and some of the former Soviet Republics with their instances of buyer’s funds inexplicably ‘disappearing’ amongst the general corruption, your property purchase in the Republic of Cyprus is safeguarded not only by local legislation, but by European Union laws; provided of course you use a competent estate agency and an independent lawyer who act in your best interest.
|
Our online database is full of beautiful homes in the Cyprus sun
|
In fact, direct comparisons have show that Cyprus’ property acquisition laws provide a far greater level of buyer protection than most of their European equivalents.
Part of this buyer’s protection stems from the fact that a deposit paid on any Cyprus property for sale, existing or off-plan, must be registered with the local Land Registry Office in order to register the buyer’s claim on the land in question and any construction upon it.
Furthermore, there is no chance of the buyer losing his or her land or home [even if it is just one apartment in a block] due to the fact that the buyer’s share of the freehold overrides even the interests of a bank. Since all off-plan properties are paid for in stages, and the developer cannot claim any stage payment until a certificate of progress is raised by a surveyor, there can never be a question of any developer simply taking a client’s money and disappearing in the way which has been seen in some other countries.
Then of course there are the Cypriot planning laws, which govern the amount of construction which may be built upon any particular piece of land. For instance, if a 1,000 sq/m parcel of land has a building density of 25%, any home built on it may not exceed 250 square metres in size.
Once a given area has been assigned its building densities, these are fixed, so if your neighbour has built a home to the maximum permitted size, he or she cannot apply for permission to build further additions at a later date This piece of legislation alone has gone a long way towards preventing Cyprus from becoming the sort of concrete jungle which can now be found in certain parts of Spain.
Unfortunately however, it is a sad fact that, despite the many legal safeguards for foreign buyers of Cyprus property for sale, a small number of unscrupulous individuals and companies on the island are still out solely for their own gain and willing to misinform clients for their own personal gain.
This is where Aphrodite Property Sales are a true godsend. Without exception, we always act in our client's best interests, speaking plain English, rather than the confusing jargon that some agents and developers employ to cloud their customer's judgement. Every Cyprus property for sale in our vast portfolio has been thoroughly vetted to ensure all is as it should be and all our client's purchases can be conducted in the safest manner possible.
Contact us today and experience the Aphrodite difference.
Click here to return to the main Information
about Cyprus page
|
Search
for Properties 
