Rental Properties Cyprus Secrets

For those who want to buy a plot of land and put up a building there, there are certain major points they have to bear in mind. As a rough and general rule, and provided there is a "satisfactory" access, a single house can be erected on a plot of land. If more than one house is required, then water must be provided. The water supply may be either from a public or private source. In the event of private water supply (usually a borehole) its quantity and quality are tested by the Water Development Department.

The seashore protection zone is independent of the town planning zones. It is a zone which extends from the sea and it usually (but not always) has a width of approximately 300 feet. Within this zone no building can be allowed, even a small hut, ice cream shed or a swimming pool. When there are ancient monuments close to your plot, be careful to examine whether the Director of Antiquities has any objections to a building project. If a plot of land is classified as an ancient monument area, the Director's approval must first be sought.

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).

Transfer of ownership from vendor to purchaser is accomplished by a simple procedure through the land registry office. The contract of sale must be in writing, and it is advisable that such contracts be registered at the District Land Registry Office within 60 days from the contract date.When issued, the title deed will be registered in the name of the buyer and will be recorded in the government archives - these are confidential and will not be published or made accessible under any circumstances.

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).