Land for sale in Paphos Cyprus located on the hills of Paphos near the Paphos town with beautiful views of the costal line and lots of privacy.
A land owner has a large piece of land in Paphos Cyprus and offers it for sale.
The use of land in Paphos and else were in Cyprus is regulated by local zoning, land building and usage laws. The zones change every few years. Transactions are regulated by law. Cyprus residents can buy and sell land freely. Non-
Selling and buying land in Paphos Cyprus is based on a transparent, reliable and well-
The buyer should not buy land in Cyprus without ensuring,
Availability of roads, electricity and water;
The property is not encumbered by prior registrations of rights, such as mortgages;
You can deal with the land freely and pass it on to your beneficiaries.
Therefore, it is imperative that if you want to make an offer to buy land in Paphos, first you and obtain competent tax and legal advice.
The right of ownership of immovable property is considered as one of the fundamental human rights under the Constitution of Cyprus.
Foreigners in Cyprus who own property in Cyprus, such as land, enjoy all the property rights which are available to the citizens of Cyprus and can be assured that their property is absolutely protected. Contract laws regulate these types of transactions, which basically require that they should be made in writing, duly stamped and properly signed and witnessed. The authorities charge revenue stamps or land transfer taxes based on a pre-
All disputes arising from transactions concerning immovable property are governed by the laws of Cyprus and are subject to the jurisdiction of the local courts.
The Cyprus Land Registry System is based on rights that are defined and secured, and all transactions relating to immovable property are protected. Ownership of immovable property or rights in immovable property can only be acquired by registration at the Land Registry. The certificates of registration, or title deeds, are issued by the Registry. These certificates define the property, secure its ownership and facilitate transactions related to the property.
You can find many parcels of land for sale in Paphos,Cyprus. A purchaser of land in Paphos may secure the remedy of specific performance (ie the right to enforce his or her contract) by depositing a duly stamped copy of the contract at the Land Registry within six months from the date of its execution.
British subjects classified as "British Residents" according to Annex T of the Treaty of Establishment of the Republic of Cyprus can trade in land in Cyprus without the permit of the Council of Ministers. This privilege was granted to some British subjects who were residents at the time of the establishment of the Republic of Cyprus; it is recorded in their passports and it is extended to their spouses and descendants.
It may take up to a year for the Council of Ministers to grant a permit, but purchasers can occupy the property upon signing of the contract which is subject to approval. Once the permit is given and the property is registered in the name of the new owner, no further restriction are imposed and the new owner can sell or transfer the land by will or other testamentary instrument or trust agreement. The heirs are not required to obtain a permit in order to have the property registered in their names.
Owners and prospective purchasers are urged to obtain independent legal advice and representation before entering into a contract. Prospective purchaser should always do a search at the Land Registry to make sure that the property is free and clear from any encumbrances, charges or liens.
Transfer Fees: These duties are payable on a set formula by the purchaser on the purchase price or, under certain circumstances, on the current market value. Purchasers may obtain bank loans to purchase land secured by a mortgage on the property.
Featured property: a unique land for sale is listed here.
This land is free and clear of any mortgages. Title deeds are ready to transfer to buyer.