Check Whether The Property You Intend To Buy Is Affected By Any Town Planning Zones

Category: Finance.

Bargains can still be found at the remote villages of Paphos and those of Limassol. S. or an architect, whereas what has been said previously about other property acquisitions holds good for this nature of property as well.

It is strongly suggested that before concluding a deal, you obtain a firm estimate of the repairs/ improvements required using the services of a qualified Q. In particular, you must check who your neighbours are, since in tightly knit communities, such as the local villages, they have their own way of living and attitudes towards life. Bear in mind that it is the seller who pays for the commission of the agents and not the purchaser and for this reason agents have the owner s interest at heart and not yours. The direct approach( find out who the owner is of the plot you are interested in and ask him if he wants to sell) may prove to be the best one. A survey on any resale property is strongly recommended, just as it would be in the UK or elsewhere. He will inspect the property and prepare a report, eventually showing any defects, which would not be visible to everyone s eyes.

Our Cypriot team or your lawyer will be able to recommend a surveyor to you. It will save you unpleasant surprises at a later stage, and depending on the type of defects stated( if any) , you may get a reduction on the price or you maybe in a position to request the vendor to repair them, or insist additional guarantees be inserted in the contracts. You will know what you are buying. One thing is for sure. A surveyor will not allow his love for a property to cloud his judgement as you may have done. If you intend to build a house in a certain area, you may find that the building density is so low that you will not be able to erect a satisfactory unit.

Check whether the property you intend to buy is affected by any town planning zones. In addition, the zones may exclude the use you have in mind in that locality. In addition a 5% -2% is payable for the structural design and 3% for structural supervision. There have been cases where a person acquired his dream holiday spot only to find out afterwards that it was sited within an animal farming zone of the parish in question( which implied that his neighbour could very well be a pigstry) . If you are at a loss as to the choice of a suitable consultant, seek the advice of the Registrar of the Association of Architects& Engineers( all licenced architects must be registered) . Please bear in mind that in case of large buildings you may be able to negotiate a lower fee( as also in the case of repetitive work) .

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