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.
