Apartment real estate services Limassol, Cyprus today: We help buyers of our properties to sell them when needed. To do this, our group of companies includes a licensed real estate agency (Reg. No: 1043, License No: 61/E). In 2020, we have developed and implemented a new line of business – management of properties. Within the framework of this direction, we manage the complexes we have built. We monitor their cleanliness, maintain swimming pools and landscaped gardens, monitor the proper functioning of technical systems. In short, we ensure the maintenance of the properties at the highest level. We also provide services for the full furnishing of apartments and rent. Read even more details 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.
Despite the fact that foreigners have virtually a feel of being almost at home in hospitable Cyprus, one always wants to get a recommendation in matters like looking for a good doctor or a lawyer. All the more so that advertising of legal services is against the Law in Cyprus. In case you apply to us with a similar request we are willing to reference a law office, the competent and professional work of which we are well familiar with. We can also suggest that you observe recommendations by British High Commission (Consular Department of the British Embassy to Cyprus). Please, follow the link to contact them. Then you can download a list of lawyers* in various cities of Cyprus. You certainly have a perfect right to apply to any other lawyer or law office.
Cyprus banks offer quite loyal terms for obtaining a mortgage to property purchasers provided certain conditions are met. In recent years one of such conditions is that a borrower should have income in EUR, USD or in any other hard currency. The mortgage rate is usually 3.5%-4% per annum. The collateral to obtain mortgage for property acquisition in Cyprus is the very property to be purchased. To obtain mortgage you are definitely required to submit evidence of your ability to repay it to the banks.
High standard of living – Cyprus has been a member of the European Union since 2004. Since 2008 Cyprus has been in the Euro Zone. According to GDP per head Cyprus has caught up with Italy. Average lifetime is 78 years by men and 81 years by women. Cyprus has modern and effective Healthcare system. Perhaps in Cyprus there is one of the best systems of secondary education in the entire Mediterranean. One can choose both English and Greek and even Russian schools. There are private English schools providing complete cycle of primary and secondary education in all the major cities of Cyprus. See even more information at https://cyprus-alliance.com/.