Premium villa real estate agency Limassol: You have contacted Cyprus Developers Alliance – an official provider of the Cyprus Investment Programme accredited with the Government of the Republic of Cyprus. The Alliance is primarily one of the most distinguished licensed operators of the Cyprus property market. The Alliance is a member of the Cyprus Chamber of Commerce, FIABCI and SKEK. If you have purchased a property in Cyprus for the purpose of holiday making there is no need to apply for a residence permit. The visa granted on the grounds of property ownership will allow you to stay in the Republic of Cyprus altogether 180 days a year, 90 days every six months. In case you plan to live in Cyprus on more or less permanent basis you should apply for a residence permit. Cyprus offers probably the best conditions in the European Union for this. Discover more information on https://cyprus-alliance.com/property-for-sale/apartments.
Execution of Property Sales Transaction – Property acquisition in Cyprus as well as in any other country is a certain legal procedure that shall be observed by all the parties concerned. You will be able to find detailed information on legal aspects of the transaction on the page Legal Issues. In case you wish to make use of a mortgage credit, a Cyprus bank becomes a participant of the process. You will have to prepare a set of documents and draft them appropriately. We will offer you assistance in this. Information on mortgage is available on the page Mortgage & Credit. Information on taxes and duties arising due to property acquisition in Cyprus is available оn pages VAT and Other taxes.
The essence of contract deposition is that the public register processes and secures the status of your ownership. From now on only you can, in particular, mortgage yourproperty while the vendor will be unable to do it any longer as henceforth you hold the first right of claim. Simultaneously with deposition, a payment of a small Stamp Duty is made, that is described in Section “Taxes” in detail. Upon full payment of the property and on signing of a Delivery note, you will receive keys for your property and will become a beneficial owner possessing this property.
The swiftness of documents circulation depends on a developer as well. The point is that while an interim answer from one of state departments is being made ready the developer can and shall prepare documents for submission to another department. Competent and responsible work of developers with governmental authorities in this matter is of great consequence. Apprehensions that the rights of property owners for which Title Deed is still pending are not properly protected in case of force majeure were expressed. In response to critical comments Cyprus government has made amendments to the legislation owing to which the rights of diligent property purchasers without a Title have become securely protected.
In case you have purchased an apartment or a townhouse you will most likely not have to monitor the condition of your property when you are away from Cyprus. In the event that you have purchased a house and do not live in it on a permanent basis you will have to see to keeping your garden and probably fruit trees as well as swimming pool in an appropriate order. The Managing company of the Alliance at your request is ready to provide experienced and professional experts to you who will take care of your garden and swimming pool. We are also willing to provide you all the necessary assistance in case you wish afterwards to rent out or sell the property you have purchased.
What is Cyprus phenomenon? Why has this relatively small island become a favourite holiday and permanent residence place for a great number of foreigners from all over the world? Let us make a short list of Cyprus advantages. Wonderful climate and a healthy environment – We have lately asked one of our clients why he chose Cyprus in particular? His answer was brief – “because Cyprus is the only European country where one can bathe in the sea in November”. There are moreover 320 sunny days a year in Cyprus. At the same time there are mountains in Cyprus with snow cover in winter and with 4 ski lifts installed for skiers. Read extra info at cyprus-alliance.com.