Real estate property solutions Limassol, Cyprus in 2024: 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 additional details on apartments for sale in Cyprus.
Main objective of Cyprus Developers Alliance is to make the process of property selection and acquisition as comfortable as possible. Cyprus Developers Alliance offers thousands of properties throughout the entire island in all property categories. The choice is truly versatile. We can offer several options of property selection. However, the most important process and our main task, as we see it, is not only to present and show projects. Most important is to clearly understand your goals! Sometimes even to help to clarify or even formulate them. After all, a buyer does not always know the realities of the Cypriot real estate market in order to clearly determine from the very beginning what will suit him/her best. Knowing the goals, we can offer the most suitable projects corresponding to them.
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.
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.
To obtain a mortgage one is required to have life insurance (for the amount and period of the mortgage credit). The purchased property shall be insured as well. The normal period within which a bank makes a decision on issuing a credit comprises 1-2 months upon receipt of all the required documents. Generally accepted standard practice in Cyprus assumes 12-month warranty period for your immovable property provided from the time of property delivery that is from the time when you receive a key of your apartment, townhouse or house.
The environmental conditions are as good as the climate. Cyprus population is only 1mln people. There are no large industrial enterprises, which could pollute the environment. Car park is modern and uses only petrol/diesel of European quality. Fourty nine Cyprus beaches, i.e. hundreds of kilometres of coast line have been awarded the international certificate of environmental friendliness “Blue Flag”. In Cyprus there is one of the lowest crime rate in the European Union. There are no places where it is not recommended to purchase property due to proximity to this or that problematic area. There are no steel entrance doors as a notion. Fencing height is limited to 1.2m. Read even more info on cyprus-alliance.com.