Cyprus Houses for Sale – Europeans Purchasing a Property in Cyprus
If you are a real estate investor and are planning to buy Cyprus Houses for Sale, you need to ensure that you seek legal advice from a source that is nowhere involved, connected, or concerned with the parties in the transaction, especially the seller of the property. It is said that the legal system in Cyprus is not the same as that in the UK and the process to get the legal redress is very complicated.
There have been several problems faced by British nationals due to misleading advertising, and/or the inability of the developers to complete the Cyprus Houses for Sale obtained through off plan, illegal construction or double selling. Therefore, if you are planning to buy Cyprus Houses for Sale, then ensure that you are doing no good to yourself trying to save money by cutting corners or using the seller’s lawyer. The property owners and prospective investors of Cyprus Houses for Sale should enquire whether a settlement in the future will not do any good to them as they could fall victims to unknown complications and troubles. This could also include the possible restoration of the property to the original owners leading to serious consequences. It is to be remembered that any disputes or complications arising from the Cyprus Houses for Sale are not dealt by The Foreign and Commonwealth Office and the British High Commission and legal advice is not given. However they will be able to redirect you to organizations that can help you. The website of British High Commission in Nicosia answers to the most commonly asked questions or solutions to frequent problems faced while purchasing Cyprus Houses for Sale. If you are however interested in a Time share, you are lucky enough as under the Cyprus law, a purchaser of time share is entitled to a 15-day “cooling off“ period during which he/she may decline the transaction and they are bound to receive a full refund of any money paid.
Houses in Cyprus come in all shapes and sizes. From one bedroom village houses with quirky features and small, yet beautiful and private courtyards, to massive, luxurious villas in landscaped grounds complete with infinity pools. It all depends on your dreams and perhaps to some extent what your future plans are. For example, if you are planning to have the perfect holiday home which you can use and then sell on, you may have different cosniderations than if you are planning to live in Cyprus full-time and live in the house of your dreams forever. If there is a chance that you may want to sell your house on then you may want to consider how convenient the location is, what facilities the local area has to offer, whether the space in the house is maximised or whether it has been designed only with yourself in mind.