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Invest In Cyprus Property

   By: William Marind

Invest In Cyprus Property

William Marind

If you are contemplating the development of a complex/costly building, you are strongly advised to appoint a project manager who will manage the design team and the whole development. Also the appointment of a quantity surveyor on such large scale projects is strongly advisable.Central heating is not generally required in the seaside towns (although this is a matter of own judgment) but air conditioning (at least in the bedrooms and for the seaside areas) is recommended. The cheapest form of cooling is the normal wail mounted units. Split unit type with heat pumps is increasing in popularity and it is an alternative to be considered.

When the building permit is issued works may begin. Try to avoid variations/changes as these will give rise to claims on the part of the contractor which will mean a financial loss to you. Upon completion of the work your architect must submit drawings (as built) to the Appropriate Authority, if changes have been introduced, for the issue of a covering building permit.

Upon the issue of the covering permit or, if this is not required, an application must be made to the Appropriate Authority for the issue of a certificate of final approval.When this is issued, it will have to be deposited at the District Lands' Office so that the registration of the building on the title deed of the land is effected.

In addition a 1.5%-2% is payable for the structural design and 0.3% for structural supervision. If you are at a loss as to the choice of a suitable consultant, seek the advice of the Registrar of the Association of Architects & Engineers (all licenced architects must be registered). Please bear in mind that in case of large buildings you may be able to negotiate a lower fee (as also in the case of repetitive work).

Check whether your neighbours keep any animals in their yard since if they do the smell may be unbearable. Check also the distance from the town, the access, whether there is a telephone service, the nearest doctor, the frequency of the local post etc. Bear in mind that the cottage may be eligible for an improvement grant from the Government, if it is of historic interest. Your architect can advise you on this.

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