Real estate property experts Cyprus 2024
Property investment agency Cyprus 2024: Thousands of properties – Today in our portfolio we have 9,000 properties. We offer a wide variety of projects – already built or under construction, plots of land with or without a construction contract, investment projects. We are one of the major players in the construction industry in Cyprus. The Alliance’s properties are located all over the island – in coastal cities (Limassol, Paphos, Larnaca) and their suburbs, in popular resorts (Protaras, Ayia Napa, Polis, Pissouri), in the center of the island (Nicosia). Our developments embrace the entire price range of the real estate market, from low-cost single-bedroom apartments to luxury multi-million apartments and villas. See extra details on apartments for sale in Limassol.
There is a search system available on every page of the web site. You can select the options that interest you (accommodation type, region, number of bedrooms, price range) and click on the option “Find”. You will be transferred to the general list of properties with brief descriptions of projects. Further, by clicking on the project number, you can see full information about it on a separate page. We will guide you through the purchase process if you answer a number of questions: What is the purpose of purchasing a property – permanent residence in Cyprus, holidaymaking or investment? What is the approximate budget allocated for your purchase?
Types of Immovable Property Ownership – Sequence of operations in the course of effecting a sales transaction is described on page “Buying property”. It shows that there are several immovable property ownership statuses in Cyprus. Here is more detailed description. There are only three statuses of the kind. Immovable Property Owner – Once a contract of sale for a property is signed and at least 30% of its amount paid, the contract is deposited at a public agency – Land District Office. As a result you become property Owner.
Restrictions when Buying Immovable Property in Cyprus – Formerly the Legislation limited purchase of immovable property in Cyprus to a single property per person for nationals of countries that are not members of the European Union. At present the restriction has been liberalized and not so binding. On page “Residence Permit” you can learn that with the purpose of obtaining permanent residence permit a customer can purchase two properties from one developer. It should be noted that in matters of property purchase spouses are considered as one person. That is, in case a restriction “single property per person” is valid then it is impossible for one spouse to buy one property and for the other to buy the second one.
Cyprus banks offer quite loyal terms for obtaining a mortgage to property purchasers provided certain conditions are met. In recent years one of such conditions is that a borrower should have income in EUR, USD or in any other hard currency. The mortgage rate is usually 3.5%-4% per annum. The collateral to obtain mortgage for property acquisition in Cyprus is the very property to be purchased. To obtain mortgage you are definitely required to submit evidence of your ability to repay it to the banks.
High standard of living – Cyprus has been a member of the European Union since 2004. Since 2008 Cyprus has been in the Euro Zone. According to GDP per head Cyprus has caught up with Italy. Average lifetime is 78 years by men and 81 years by women. Cyprus has modern and effective Healthcare system. Perhaps in Cyprus there is one of the best systems of secondary education in the entire Mediterranean. One can choose both English and Greek and even Russian schools. There are private English schools providing complete cycle of primary and secondary education in all the major cities of Cyprus. Discover even more details at cyprus-alliance.com.