Premium real estate property services Limassol: 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. Read even more info at https://cyprus-alliance.com/property-for-sale/villas.
Main objective of Cyprus Developers Alliance is to make the process of property selection and acquisition as comfortable as possible. Cyprus Developers Alliance offers thousands of properties throughout the entire island in all property categories. The choice is truly versatile. We can offer several options of property selection. However, the most important process and our main task, as we see it, is not only to present and show projects. Most important is to clearly understand your goals! Sometimes even to help to clarify or even formulate them. After all, a buyer does not always know the realities of the Cypriot real estate market in order to clearly determine from the very beginning what will suit him/her best. Knowing the goals, we can offer the most suitable projects corresponding to them.
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.
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.
The environmental conditions are as good as the climate. Cyprus population is only 1mln people. There are no large industrial enterprises, which could pollute the environment. Car park is modern and uses only petrol/diesel of European quality. Fourty nine Cyprus beaches, i.e. hundreds of kilometres of coast line have been awarded the international certificate of environmental friendliness “Blue Flag”. In Cyprus there is one of the lowest crime rate in the European Union. There are no places where it is not recommended to purchase property due to proximity to this or that problematic area. There are no steel entrance doors as a notion. Fencing height is limited to 1.2m. See even more info at CDA group.