High quality real estate market solutions Limassol, Cyprus: The CDA Group has been existing since 2009 and is one of the major players in the Cyprus real estate market. In 2010, we established Cyprus Developers Alliance, an entity that promotes and sells properties of the developers who are members of the Alliance. There are currently 43 developers within the Alliance and our portfolio comprises more than 9,000 properties from all the regions of Cyprus and market segments. After the sales volumes of our Alliance amounted to significant sums, we, having reliable and comprehensive information about the structure of supply and demand in the real estate market, the preferences of the buyers, as well as having amassed a vast experience, launched our own development projects. Discover more details on apartments for sale in Limassol.
You could contact us by phone. Or, otherwise, in case you leave us your phone number or other contact details we will contact you ourselves. Then in course of a live conversation we will precisely understand your preferences, discuss various property options and offer optimal ones to you. Surely in order to take a decision on purchase you would wish to visit Cyprus to obtain a vivid experience yourself. You can enter Cyprus with a valid Schengen visa. Otherwise, you would need to obtain a Cyprus visa in the nearest Consulate. We are ready to assist you in hotel reservation in Cyprus at our internal corporate rates, which are provided by the main hotels.
Once the Government issues a Title Deed for the purchased property and transfers it in your name you become a registered immovable property owner. Cyprus Title Deed ensures absolute right of ownership for immovable property. No one will ever be able to interfere with it under any circumstances. For example hypothetically assuming that you or your heirs will someday receive an official letter from the city hall or municipality notifying you that a road is intended to be constructed across your plot of land and you are offered to refuse the property and to obtain a compensation you will have an alternative: either to give your consent or to reject. In case you choose the latter there are no legal ways (and there happen to be no other in Cyprus!) to force you to give up the property.
Developer’s participation in the procedure of property sale has ceased to be mandatory. The customer who wishes to sell property and a new customer can make a sales transaction independently. For this purpose the deposited initial contract is assigned to a new customer. The old and the new customer as well as their lawyers take part in the procedure without the developer’s participation. And finally it should be said that the Government of Cyprus has undertaken to transfer the circulation of documents associated with execution of Title Deeds into electronic format. Business process automation will dramatically decrease the time frame of Title Deeds issue.
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.
Cyprus is a European country on the one hand. There is democracy and order there. On the other hand the whole Cyprus life is wrapped around by the spirit of openness and lightness opposite to the heavy spirit of pedantry and life according to the rules. One of the reasons is surely small size of the country where people know one another. One can come to a bakery and, having forgotten to bring along money, ask to be allowed to take a loaf of bread and to bring the money later on. Cypriots are not xenophobes. In contrast to residents of many other countries Cypriots historically treat foreigners very well. Almost all the Cypriots speak English and at a high level at that. Cypriots gladly and willingly marry foreigners. Read more details at https://cyprus-alliance.com/.