Title Deeds in Cyprus
Welcome to CyprusTitleDeeds.org!
Our website will be publishing helpful information on title deeds in Cyprus.
It is by no means fortunate that is issued is not resolved already. The legal system in Cyprus provides all the necessary legislation in order to avoid this kind of a problem. The unfortunate is our culture and way of conducting our business on this island that allows the problem to exist.
While many associations, individuals and organizations (as our office) attempted to assist the minister in his effort to change the legislation in order to tackle the problem, we would like to bring to your attention certain points that you can apply in order to at least safeguard your investment.
1. Do not buy a property without legal advice.
2. Due Diligence must be exercised by your lawyer before you buy any property.
3. Make sure you know all about Planning Permits and Final Building License before you make the purchase.
4. Your contract must have written evidence of the above Planning Permits and Final Building License.
5. Your contract must be Land Registered. You should have evidence of this.
6. Do not accept delivery of your property without Final Building Permit.
7. The Developer must take all necessary steps for the Title Deeds, starting from immediate actions as soon as you take delivery of the property.
8. Do not stop any pressure to the developer or do not stop your actions until you take title deed in your hands.
Hello
We purchased our apt. from Oikos in 2007. You acted as our lawyers (via Parador). We are now moving to Cyprus and are keen to receive our title deeds. How do we make this happen?
kind regards
Janet Garrett
Eftehia 202, Vasillis Michaelidis 18, Paralimni, 5282
Please help. I am looking for the Title deed for Asproyi in Arethu Cyprus. It was in Leondis and Ioannis names from South Africa. Thendra title deed 10567. Asproyi 0/12233
Hi, good post. I have been wondering about this issue,so thanks for posting. I’ll definitely be coming back to your site.
I am trying to find out how much my deeds will cost do you know how this is worked out ?
Hi. I like the way you write. Will you post some more articles?
Dear Kevin
Good afternoon and many thanks for your recent query.
The cost of the transfer for title deeds is calculated and based on the cost of your property purchase.
An approximate guide is below
the first 170,000 Euros is charged at 3%
the next 170, 000 Euros is charged at 5% (i.e. 171,000 – 340,000 Euros)
over 341,000 Euros is charged at 8%
When you transfer the title deeds into your name the Land Registry Office will give you an exact price.
Kind regards
A & G Kouzali Law Office
Yes Of Course, we will be posting many more articles in the coming months.
Is there a particular question or query you have which you would like us to assist you with?
Kind regards
A & G Kouzali Law Office
Hello,
I have a property in cyprus that has not had title deeds issued for 10 years, dues to irregularities, over the whole sub section.
These have been corrected and are now going to be issued, soon. My lawyer is also the developers lawyer.
But how much do I have to pay for them?
As the property was initially purchased ten years ago at the initial price, but now the deeds are being issued ten years later where the property has increased in value, At what time is the value of the title deeds worked out?
And will I need to get a new valuation of the property?
Thank you for your advice
Dear Lenny Conan
You will pay transfer of the title deeds on the purchase price of the property when you purchased it ten years ago and NOT the price which it is valued at today.
if you require any further information please do not hesitate to contact us.
Kind regards
A & G Kouzali Law Office.
Dear Eleni Hadjisavva
In order for us to be able to assist you we will require some further information, kindly contact our offices and we will be more than willing to assist you. However kindly note you msut be able to proove a relationship with the title deed holders in order for us to assist you.
Kind Regards
A & G Kouzali Law Office.
Dear Janet
As the delivery of your project was last year, the process for the title deeds will have already begun. We will look into the matter and see what progress Oikos have made towards the issuance of the title deeds until now.
Kind regards
A & G Kouzali Law Office.
Thank you much for that imformative post.