Villa real estate agency Limassol in 2024: Mission of our projects is to meet the needs of our clients, offer a response to a wider set of goals and objectives of the clients, implement our own thoughts and ideas in architecture, conceptual content, create new products in the previously unrepresented segments of real estate in Cyprus. Since then, we under the brand of CDA Group have built and successfully implemented large residential and commercial projects in Limassol and Nicosia. Most of our projects were/are sold before construction works start. This indicates their high liquidity and demand. The Alliance is a club of selected developers, the most modern and advanced companies. Alliance members are united by an untainted business reputation and high European standards of construction and customer service. Discover even more details on apartments 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.
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.
Developer’s participation in the procedure of property sale has ceased to be mandatory. The customer who wishes to sell property and a new customer can make a sales transaction independently. For this purpose the deposited initial contract is assigned to a new customer. The old and the new customer as well as their lawyers take part in the procedure without the developer’s participation. And finally it should be said that the Government of Cyprus has undertaken to transfer the circulation of documents associated with execution of Title Deeds into electronic format. Business process automation will dramatically decrease the time frame of Title Deeds issue.
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.
The immigration legislation is currently extremely liberal. Provided that you are purchasing property exceeding €300,000 you can obtain a permanent lifelong residence permit in the EU. Term of obtaining residence permit – 2 months maximum. Significant reserves of natural gas have been found and confirmed in the Mediterranean offshore in economic area of the Republic of Cyprus. Its production on an industrial scale is planned for 2022-2023. The revenue of the production considering the small size of Cyprus will make it a truly prosperous country and will lead to an increase in property prices. Find extra details on CDA group.