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Cyprus Apartment Rental Secrets |
By:
William Marind |
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Cyprus Apartment Rental Secrets
William Marind
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).
With the increasing complexity of the property market and the constant introduction of new concepts and measures new for the island (although not so in the European countries) it is advisable that the potential purchaser seeks professional advice prior to concluding a deal in order for hardships and disappointments to be avoided. This advice is specially useful to the foreign purchaser who has to encounter the problem of different laws and local attitudes. For this reason this firm has prepared the following tips which may be useful to the local property purchaser.
The Minister of the Interior may grant a permit only if the Immigration Control Board confirms that the applicant falls under one of the following categories and meets the necessary criteria. (a) Farming. He possesses adequate land or a permit to acquire it and at least CYP250.000.(b) Mining. He possesses a mining permit and at least CYP200.000. (c) Trade. He has capital of at least CYP150.000,(d) Retirement. He has a secure income of about CYP5.000 per person and he and hid dependants will not work.
The most important factor however is access. Do not be fooled by what is on the ground. Check the Lands' and Surveys' plan to see whether the property abuts onto a public access, as well as the nature of its boundaries (shown on the title deed). The fact that the property abuts a public access does not necessarily mean that a building permit can be obtained based on this road access.
Bargains can still be found at the remote villages of Paphos and those of Limassol. It is strongly suggested that before concluding a deal, you obtain a firm estimate of the repairs / improvements required using the services of a qualified Q.S. or an architect, whereas what has been said previously about other property acquisitions holds good for this nature of property as well. In particular, you must check who your neighbours are, since in tightly knit communities, such as the local villages, they have their own way of living and attitudes towards life.
Discover the secrets to http://www.www-cyprusproperty.co.uk) cyprus apartment rental. Grab your no cost guide now and save yourself time, money and stress. Don't get ripped off, get your http://www.www-cyprusproperty.co.uk) villas in paphos report.
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Article Source: http://www.statssheet.com/articles/article67235.html |
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