Developers in Cyprus

 

Tel. +357 99728889

Home Search Golf Properties Press Centre About Us Contact Us  

Real Estate Tips > For the Developer

For the Developer

Cyprus can boast on the standard of its developers. There are quite a large number of local contractors and developers who also have activities outside Cyprus and their size / nature classifies them as one of the largest companies in the world. Buying property from such companies is an added guarantee, not only of having your home delivered on time and of the envisaged quality, but also you will realise various fringe benefits. i.e. letting, maintenance, issue of titles etc.

Of course having said that, it does not mean that all the smaller developers are not good. Because development in this island, however, is like a national sport, with people and companies of all backgrounds engaging in such ventures, it is highly recommended that, before committing yourself, you ask the developer certain simple questions. Questions could be on what projects he has completed, the number of his staff, the name of his banker, if he is the freeholder of the land on which the property is erected, whether he has received a building permit for the project, whether the unit for sale has a title deed etc.

Ask for a set of specifications and list of fixtures included in the price, the size of the plot, the size of the flat etc.

Reliability: Be very careful to whom you are giving your money. A developer's past performance is the best form of guarantee, but if you are afraid that the block will not be completed, ask for a bank guarantee (this will cost you 1.8% p.a. on the amount of the guarantee).

If you have any queries, please contact us at enquiries@aloizou.com.cy

Cyprus Real Estate | Cyprus Development Property for sale in Cyprus | Developers in Cyprus  | Apartments in Cyprus |
| Cyprus Estate Agents | Paphos Properties Cyprus | About Living in Cyprus  | Cyprus Golf | Site Map