Travel to Cyprus

Archive for August, 2011

Famagusta Properties by Karayiannas Cyprus - Karayiannas Developers in Cyprus are Christoforos Karayiannas & Son Ltd builders of Famagusta property like apartments or villas for sale in Paralimni, Frenaros & Vrysoulles - Famagusta District of Cyprus.


Famagusta Properties | Real Estate Famagusta – Cyprus by Karayiannas Property Developers Thinking of buying a property in Famagusta - Cyprus?

Karayiannas Developers in Cyprus are Christoforos Karayiannas & Son Ltd builders of Cyprus property like apartments or villas for sale in Paralimni, Frenaros & Vrysoulles. Karayiannas are Property Developers in the southern Republic of Cyprus and are based in Paralimni.

Developers in Paralimni Cyprus – Paralimni Developers, Property Developers Paralimni Cyprus

 

Property Developers Paralimni Cyprus - NIPA Paralimni Developers in Cyprus is a family owned and run business founded by Nikos and Panikos Demetriou.( http://www.nipa-developers.com/cyprus.php )

Property Developers Paralimni Cyprus - Karayiannas Cyprus Paralimni Property Developers Cave Marice Ayia Napa Hill.

 Houses Paralimni – Website for Property Developers Paralimni Cyprus -

 

BLOGS

• Property Developers Paralimni Cyprus

 

 

 

 

 

Youtube Videos 

Karayiannas Property - Paralimni Developers Cyprus Part 2a‏ – YouTube - Part 2a Karayiannas Cyprus Developers built homes video, brought to you by Karayiannas Property Developers who are based in Paralimni.

Karayiannas Property - Paralimni Developers Cyprus Part 1‏ – YouTube

Paralimni Developers in Cyprus Karayiannas Developers in Cyprus are Christoforos Karayiannas & Son Ltd, building property developments, villas, apartments in Paralimni, Ayia Napa and Avgorou in Famagusta.

Homes for sale in Paralimni – Famagusta, Cyprus, Buildings by Karayiannas Paralimni Developers If you’re looking for houses for sale in Paralimni.

Developers in Paralimni Cyprus – Karayiannas Developers in Cyprus are Christoforos Karayiannas & Son Ltd, building property developments , villas, apartments in Paralimni, Frenaros, Vrysoulles and Avgorou.

 

Karayiannas Developments Paralimni Cyprus

 

Paralimni Developers – Karayiannas Property Developers of Paralimni.  The company builds Cyprus property in Famagusta. Completed new and resale properties are available in various areas of Famagusta, especially in Paralimni.

Property Developers Paralimni Cyprus – Karayiannas Developers in Cyprus are Christoforos Karayiannas & Son Ltd, we build villas and apartments or villas for sale in Frenaros, Vrysoulles and Paralimni. We are a Greek Cypriot property developer in Paralimni Cyprus.

Recently there have been amendments in 3 statutes namely the (1) Town and Country Planning (N.90/72), (2) the Streets and Buildings Regulation (Chapter 96), and (3) the Immovable Property (Chapter 224) (Tenure, Registration and Valuation) Laws (hereinafter collectively called “the Planning Amnesty Amendments”).

The Planning Amnesty Amendments came into force on 8.4.2011. Their aim is to simplify the procedures regarding the legalization of irregularities and ultimately the issue of updated title deeds.

For the first time a purchaser (apart from the registered owner) has the right to activate necessary procedures for the legalization of the development or for the issuing of title deeds. Where the registered owner seems to be reluctant or unwilling to unwilling to apply for a certificate of approval or to legalize the building, the Authorities are empowered to impose considerable administrative fines. It is advisable that the statements of intent or planning applications are submitted jointly by as many co-owners as possible.

Therefore an owner and/or purchaser of immovable property unit with irregularities and no separate title deed may:

1. Apply directly for the issue of separate title deed, without prior legalization of the irregularities. This means that the title deed shall be subject to the said irregularities, if any, or

2. Apply for the legalization of the irregularities prior to the issue of title deed. With this way there will be no irregularities registered on the title deed.

A fixed three-year period, expiring on 7.4.2014, is defined, for the submission of applications making use of the Planning Amnesty Amendments. However if a purchaser wishes to legalize irregularities, he/she must submit a Statement of Intent the latest by 7.10.2011

Issue of Title Deed (without prior legalization)

The legality of the building is no longer a prerequisite for the issuing of an updated title deed. Thus title deeds can be issued, despite any building irregularities, provided that an application is submitted to the Building Authority, together with an accurate description of the building as well as any irregularities that may appear, in comparison to the building or the planning permit issued.

Following the said application the Building Authority shall issue:

1) a certificate of approval (in case the building was constructed in accordance with issued permits) or

2)   a noted certificate of approval (where the deviations shall be described)  or

3)  a certificate of unauthorized operations (in case of substantial irregularities in relation to the permit)

The Building Authority may issue a certificate of approval, even if a planning permit or a building permit has expired. The certificate of approval has the effect of a building permit.

The Building Authority shall send all the relevant information to the Land and Surveys Department in order to obtain a title deed with or without notes or with prohibition of transfer and burden.

It should be noted that the updated title deeds are issued in the name of the original owner, and not in the name of the purchasers. The Authorities involved in the procedure do not have the power to transfer property rights to purchasers, without the owner´s consent. However, it is of crucial importance, that separate title deeds are issued for individual units of a larger development, as this facilitates significantly the purchaser to invoke the right of specific performance of the contract of sale, through action taken in the Courts, against the vendor. The transfer of property to purchasers is performed by the registered owner, either voluntarily, or by an Order of the Court, issued at the request of the purchaser.

Legalization of Irregularities (prior to issue of title deed)

If a purchaser wishes to legalize any irregularities, he/she must submit to the ministry of interior a 2-page Statement of Intent the latest by 7.10.2011. The said Statement contains general information that is necessary so as to ensure that the irregularities existed on April 8, 2011, and is attested by an affidavit provided by a qualified person, member of the Scientific and Technical Chamber of Cyprus (ETEK).

It is strongly recommended that each owner to submit the said notice prior to the above deadline, even if at this stage he/she is not certain whether the irregularities satisfy the conditions of the Planning Amnesty Amendments. The said statement is the KEY for an owner/purchaser to proceed later on with an application to legalize the irregularities (this does not apply to persons submitting, directly, an application for planning permit (instead of a statement of intent) to the Planning Authority until October 7, 2011, or those who have already submitted an application to the Building Authority for a certificate of approval and have not yet been informed of the Authority’s decision).

The Planning Amnesty Amendments enable the legalization of only specific type, nature, scale and significance irregularities on existing buildings under certain conditions, the most important of which is the existence of a relevant planning permit and/ or building permit for the development, even if the planning permit and/ or building permit have expired.

The scale and significance of the irregularities that can be legalised are defined by the provisions of the law. Not any irregularity, irrespective of its scale, can be legalised. In cases of irregularities of a very severe nature, the Building Authority is empowered to issue a certificate of unauthorized works, requiring the Department of Lands and Surveys to register a note on the title, prohibiting the transfer of the property to another person.

For example the provisions of the law can apply where there is an increase of the approved plot ratio (of the building or the individual unit) up to 30% of the approved covered area, of which only 10% could be allocated outside the approved shell of the building, differences in the approved general layout of the development etc. In such cases compensation levy will be imposed on the owner or purchaser, which will be equivalent to the market value of the area in excess. These values will be determined on the basis of general estimates carried out by the Department of Land and Surveys, which will be published by an Order of the Minister of the Interior. A 20% discount on the compensation levy is set for all applications submitted within the first year period, and a 10% discount for applications submitted within the second year of the implementation of the provisions of the law.

http://www.pirilides.com/en/cyprus/practices/property-law/10 - Cyprus Property Law