Tokyo365
  • News
  • Business
  • Politics
  • Finance
  • Economics
  • The science
  • Investment
No Result
View All Result
  • News
  • Business
  • Politics
  • Finance
  • Economics
  • The science
  • Investment
No Result
View All Result
Business News
No Result
View All Result

Pros and pitfalls of real estate purchases in Cyprus

07.12.2020

Buying real estate abroad is one of the desired tasks of citizens not only in Russia, but also to many other countries. One of the popular directions today is a bailiff that lures the climate, goodwill of citizens and a slow pace of life.

However, there are a number of underwater stones with the purchase of real estate abroad and for each country these are their problems. In Cyprus, for example, the economy will hardly improve significantly, at least for several years. Therefore, the real estate market does not guarantee that you will make a profit from your house if this is your main goal. Potential homeowners should know that many houses in Northern Cyprus belong to the Greeks-kiprotes who fled as a result of division and have falsified property for property. In this regard, when buying real estate in Northern Cyprus, it is worthwhile to carefully study the documents and their legality.

But, both the north and south boast of beautiful landscapes and amazing houses that will make potential buyers very happy homeowners. You can buy real estate in Northern Cyprus through agencies in Russia. By the way, EU citizens can acquire real estate in Cyprus without any restrictions, although citizens from countries that are not included in the EU (that is, Russians) are allowed to buy up to one Akra land (4,000 square meters) or one house or one apartment. More detailed information will be given to you in the agency if you decide to seek advice.

The most common complaints related to the purchase of real estate in Cyprus are the documents mentioned above, as well as a mortgage. The most important factor in the transaction is the presence of a good lawyer who not only knows the laws and pitfalls of Cyprus, but also has experience in transactions of this kind. If the developer in Cyprus took money for construction and did not return it to the sale of real estate, then the new owner becomes responsible for the purchase. The Cyprus government takes steps to protect customers in such situations, but foreign customers are recommended to be extremely careful.

Total, the basic rules for buying real estate should include: services of a very good lawyer, property survey, inventory of repair work and damage, checking access to utilities.

Related Posts

China’s new sales markets and their development
Investment

China’s new sales markets and their development

04.03.2023
How to distribute money in a crisis
Investment

How to distribute money in a crisis

04.03.2023
12 billion rubles will be invested in the redevelopment project in Novo-Peredelkin
Investment

12 billion rubles will be invested in the redevelopment project in Novo-Peredelkin

04.03.2023
Investment

Closed wiring

19.07.2022
Next Post

Why is the water in the pool green?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

China’s new sales markets and their development

China’s new sales markets and their development

04.03.2023
How to distribute money in a crisis

How to distribute money in a crisis

04.03.2023
12 billion rubles will be invested in the redevelopment project in Novo-Peredelkin

12 billion rubles will be invested in the redevelopment project in Novo-Peredelkin

04.03.2023
The new leader in the field of technology

The new leader in the field of technology

04.03.2023
A new secret corridor has been opened in the pyramid of Cheops

A new secret corridor has been opened in the pyramid of Cheops

04.03.2023

Trending.

Finnish companies Come to a loss from anti-Russian sanctions

Finnish companies Come to a loss from anti-Russian sanctions

04.03.2023

Fundamental building blocks (FBS) – general characteristics

05.07.2017

Brands and their copies

11.07.2017

© Business-Exclusive.com, 2017-2022

No Result
View All Result
  • News
  • Business
  • Politics
  • Finance
  • Economics
  • The science
  • Investment