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Every property purchase has individual factors which make it
unique and in the case of buying land in Cyprus there are some special
considerations which need to be carefully examined during the purchase
process.
Tip 1 – Ensure the person selling to you owns all the land
Particular care needs to be taken when buying a share in a plot of
land – unless all of the owners have agreed to the sale. If you want to
buy a share in an undivided plot of land great care must be taken to
ensure you purchase the part you wish to.
Tip 2 – Carefully examine the title deed and topographical plan
You need to carefully look at the boundaries, shape and location.
You will need to identify the roads, buildings and other features.
Check to ensure that the sheet/plan/plot/references on the Title Deed
are the same as those on the topographical plan. You have to be certain
that the Land you are looking at, is the Land in the documents provided
by the Seller.
Tip 3 – Carry out searches
Your lawyer should advise you of the most important and appropriate
searches to carry out. Certainly an encumbrances search at the Land
Registry is required in order to establish that the title to a plot of
land is ‘clean’. The search will also tell you if your Land is subject
to the rights of other persons, e.g. a right of way or a right to pick
olives from the trees!
You may also carry out searches at the Town Planning Office and bankruptcy/company searches against the Seller.
Tip 4 – Check out the zoning
For planning purposes Cyprus is divided into various planning zones.
The zones determine what can or cannot be done with a piece of land and
they are: residential, agricultural, animal rearing, industrial, green
belt and tourist.
Tip 5 – If it is a restricted zone – take particular care
If the zone has restrictions, this can affect the granting of
planning permission for what you wish to build and you should seek
expert advice.
Tip 6 – Think about amenities
If the land is not connected to electricity, phone lines and water
it can prove hugely expensive to connect to these amenities and it may
take many years before this can be done! Do not accept the sellers word
for it, get the authorities and find out for yourself.
Tip 7 – Consider access
There may be no access to the land or any right of way over other
Land may be insufficient to make full use of the land. You can apply to
get a right of way from neighbouring plots but you may need to
compensate the owners of that land and this can cause substantial
delays at the Land Registry. It is better to insist on the seller
sorting the access before you buy.
Tip 8 – Check the ground conditions
A Geological and/or civil engineer’s survey can assist here. The
ground conditions (steep, rocky hills are common in Cyprus) may prevent
building or there may be a seasonal water course running through the
land. Retaining walls and Land fill may be needed.
You need to be certain that you will be able to build what you want to build on the Land.
Tip 9 – Get the land checked out by an architect
You certainly don’t want to discover that the plot of land you have
just purchased is totally unsuitable for the house of your dreams; get
an expert to check it out!
Tip 10 – Get a good lawyer
So many clients are under the (false) impression that buying land is
simpler than buying a property with a house. However, as with any
transaction involving land, the financial stakes (for most people) are
high! A good lawyer will protect you through out the process and ensure
that you don’t make a mistake that could be expensive!
Source: http://www.news.cyprus-property-buyers.com/2008/06/07/top-10-tips-on-buying-land-in-cyprus/id=00424
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