Cyprus Apartments Market

by William Marind

Cyprus enjoys a remarkably low crime rate 1/6 of the European average another reason for its popularity with foreign buyers for whom security has become a key element in the property world. Visitors are invariably surprised and reassured by this relaxed aspect of life on the island, where crime is virtually unheard of and theft not commonplace. Under the Aliens and Immigration Law, non-Cypriots wishing to take up employment in Cyprus are required to have a work permit.

Permission to buy a property must be obtained from the Council of Ministers by written application. This must be submitted by the non-Cypriot purchaser after the agreement has been signed. However, the permission is allowed more or less as a matter of course to all bona fide buyers. In the meantime purchasers may take possession of their property without restriction.

By law, a non-Cypriot in Cyprus is entitled to a residence permit but is not required to hold a permanent residence permit the latter being easy to obtain once certain stipulations are fulfilled. You need to submit an application and provide proof that you and your family are self supporting. The following documents must accompany your application: A copy of the sale/rental agreement Duplicates of pension/retirement income Any other document(s) relevant to income Three photos and passport(s) The application for permanent residence may be submitted to the local immigration office in the area of residence.

If your property does not possess an access, the property can acquire a right of way over adjoining property in order to reach a point of public access. The procedure is undertaken by the Lands’ Office on application and the right to obtain an access is reserved even if the owners of the property over which the access will pass object to it. Please note that if the right of access is in excess of 1,000 feet (distance from a public road to the property) then a permit to erect a home will, most likely, be refused.

Check whether your neighbours keep any animals in their yard since if they do the smell may be unbearable. Check also the distance from the town, the access, whether there’s a telephone service, the nearest doctor, the frequency of the local post etc. Bear in mind that the cottage might be eligible for an improvement grant from the Government, if it is of historic interest. Your architect can advise you on this.

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