Real estate property services Limassol, Cyprus today

Top rated real estate property agency 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. Read even more info at villas for sale in Cyprus.

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.

In case you purchase a new immovable property then, as a rule, it still has no Title Deed. To date the process of issuing Title Deed for property is a prolonged bureaucratic procedure lasting 1-3 years. Nevertheless this very prolonged and thorough governmental inspection of validity of all the aspects related to construction makes Title Deed a document that irrevocably guarantees your ownership rights. Normally an application for obtaining a permit from the Council of Ministers is submitted right upon signing and depositing a contract of sale.

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.

According to official data from the Department of Lands and Geodesy of Cyprus, the real estate market on the island continues to show steady growth. In February 2023, the total number of transactions was registered, which increased by 8% compared to the previous year. This figure is the highest in the third month of winter since 2008. The most significant growth in property sales was recorded in Famagusta (45%), followed by Paphos (21%), Larnaca (18%) and Limassol (6%). In Limassol, most of the contracts were registered, which confirms the constant interest of buyers in this region. However, in the capital of the Republic of Nicosia, real estate sales fell by 18%. In the first two months of 2023, the total number of transactions was 2222, which is 17% more than in the same period last year. If you are looking for a property in Cyprus, our Cyprus Developers Alliance team is ready to assist you in finding and buying a home. We offer quality services and an individual approach to each client. Contact us today to start your property search in Cyprus today.

Cyprus is a European country on the one hand. There is democracy and order there. On the other hand the whole Cyprus life is wrapped around by the spirit of openness and lightness opposite to the heavy spirit of pedantry and life according to the rules. One of the reasons is surely small size of the country where people know one another. One can come to a bakery and, having forgotten to bring along money, ask to be allowed to take a loaf of bread and to bring the money later on. Cypriots are not xenophobes. In contrast to residents of many other countries Cypriots historically treat foreigners very well. Almost all the Cypriots speak English and at a high level at that. Cypriots gladly and willingly marry foreigners. Discover more information on https://cyprus-alliance.com/.