The peculiarities of Cyprus real estate attract investors from many countries. When choosing and buying, it is necessary to take into account some factors of local legislation, correctly draw up documents. MySpace real estate agency will help with this.
Peculiarities of choice
The main indicator that has the greatest influence on the selection of any real estate object is its size. Foreigners cannot buy an apartment, house or commercial property with an area of more than 4014 square meters. A family, where only spouses are taken into account, can purchase two types of property. If it is necessary to bypass this requirement on legal grounds, then a company is created in Cyprus, and any object can be purchased for it.
Taking into account these features, it is proposed to study properties for sale in Cyprus. In the process, it is also necessary to determine the following characteristics and conditions:
The location of the object, where it is worth paying attention to the area, number of rooms, features of neighbors and the entire area, infrastructure details, transport accessibility. If an apartment or house is purchased for permanent residence, renting out, it is necessary to take into account the views from the window, the distance to the sea, especially to the beach, the center of the settlement.
The comfort of the residential property is determined, or the prospects for the development of a commercial one. It is determined that there are no encumbrances on the property. This is especially important, because it is necessary to conclude a preliminary agreement with the owner, pay him a deposit in the amount of 1-5% of the cost. If any defects are found, the buyer will refuse the deal, this money will not be returned.
Also, all documents for the property are studied, it is determined that all data corresponds to the real state of affairs.
Advice
When selecting any type of real estate, it is recommended to contact market specialists. They will quickly select the right option, check all the components, and accompany the transaction until the receipt of the title, as they call the certificate of ownership.
This approach will help save time and money, choose the best option that currently exists in Cyprus.
The transaction will be carried out in full compliance with the requirements of the law, and approved by the Council of Ministers of the country without delays. If you work with real estate agencies, they themselves will provide legal support for the transaction, the buyer will not have to be present at the formal procedures for signing the contract and drawing up documents.
