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Cyprus Real Estate Law

Michalaki, Pitsillidou Law Firm > Cyprus Real Estate Law

 

Cyprus real estate law or Cyprus property law, as it is sometimes called, has acquired significance in recent years due to the heavy investment in real estate property by foreigners. Thus real estate legal services are more and more in need and this has increased the number of lawyers that offer real estate legal services.

 

It may well be said that investment in Cyprus real estate carries no investment risk but for a purchaser who does not act prudently though, the risks could be great and the pitfalls many.  Professional legal advice is strongly recommended.

 

Cyprus Property Law  legal services we offer

Our firm has extensive expertise in property law and we advise often clients in real estate matters. Some of the services we provide are:

o   Title check

o   Checking if the property has any liens

o   Checking the credibility of the seller

o   Inspecting necessary permits, town planning permit, building permit etc.

o   Drafting contract of sale

o   Registering the contract of sale at the Department of Lands and Surveys

o   Obtaining permits from the Council of Ministers (If needed)

 

Much of the work we carry out is representation of purchasers and investors in Cyprus, ensuring a secure acquisition and advising on real estate commitments and technical contractual issues.  Our clients come from all over the world, including the EU, China, Russia, Ukraine, South Africa, Asia and Middle East.

 

We further represent investors and purchasers before courts in cases of necessity.  Delays in deliveries, contract and construction disputes, and delays in payments are some situations which may end up in court.  Our litigation team represents both, purchasers or sellers.

 

For the better satisfaction of our customers our firm collaborates with one of the leading chartered surveyors firms in Cyprus ‘Ioannis Michalaki & Associates – Chartered Surveyors – Town Planners – Certified Mediators’. Ioannis Michalaki and Associates can provide us with the following:

 

Property Valuations

•   Valuations for loan purposes

•   Valuations for Insurance purposes

•   Revaluations

•   Valuations for buying or selling a property

•   Investment Valuations

•   Asset Valuations

•   Valuations for Tax Purposes

•   Valuation for Land Compensation

•   Valuations for Court purposes

•   Rental Valuations

 

Feasibility Studies

Ιoannis Michalaki & Associates Chartered Surveyors Cyprus carries out many feasibility studies across many sectors of business in Cyprus. Ιoannis Michalaki & Associates Chartered Surveyors Cyprus feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of the existing business and threats as presented by the environment in Cyprus and from overseas, the resources required to carry through, and ultimately the prospects for success.

 

Ιoannis Michalaki & Associates Chartered Surveyors Cyprus well-designed feasibility studies provide a historical background of the business or project, description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and Cyprus tax obligations.

 

Property Management

Ioannis Michalaki & Associates Chartered Surveyors Cyprus provides you with high quality, low cost property management services for property owners in Cyprus, whether it is a second home or an investment property used for short or long-term holiday lettings.

 

Your Cyprus holiday villa or apartment is probably one of the best investments you could have made. If you do not intend to stay there long term, an excellent way to cover the cost of the property is to consider letting for either long term, or shorter holiday periods. You can make a substantial income on your investment or just cover the annual costs associated with the ownership of a Cyprus property.

 

Ioannis Michalaki & Associates Chartered Surveyors Cyprus offers a full Cyprus Property Management, villa maintenance, holiday rentals and cleaning package to guarantee that your investment receives the best possible care and attention so you can be assured that your home is secure and in safe hands.

 

Project Management

In England and Europe, local councils take considerable precautions to supervise and control contractors constructing buildings and residencies against faulty use of materials and nonconformity to the standard of practice as laid out by The British or European standards Institutions.

 

In underdeveloped countries and Cyprus this practice does not exist, or is too loose.

 

Under these conditions, it is imperative that the owner must provide their own professional consultant to supervise and control the construction as per the standards laid down by the designers and the local standards Authorities.

 

What are the benefits of project management?

The task of a good, experienced project manager is two fold:

-To make sure and advise the contractor where not to waste time and money, and finish the contract on time.

-To make sure that the elements of the construction are fully in line with the proper construction methods, and that the materials used are in line with the specifications agreed.

 

Town Planning and Land Registry Services

•   The town planning department with 30 years of experience, is a unique department in Cyprus and is offering the following services under one roof.

•   Expert reports in Court Cases (Advising lawyers and Individuals assisting in this way the judicial procedure)

•   Property related matters such as hierarchical appeals

•   Documented Town Planning applications in deflecting

•   Documented specialized advice for complex deployments (offices, commercial developments, hotels, medical centers, theme parks, etc.)

•   Documented reports for large separations land (roads, green spaces, community equipment, various commitments etc)

•   Objections for building provisions in urban areas

•   Boundary Disputes

•   Research for land development into units or other developments

•   Advice in relation to appeals to the Supreme Court

•   Documented letters for special matters towards Planning Authorities and Municipalities

•   Advice to any property related case that is in Court Dispute

 

For more information regarding these services please visit www.imvaluers.comor refer to our real estate department.

 

 

 

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