This page contains a Flash digital edition of a book.
33
Buying a Home in Cyprus
A Practical Guide to Successful Real Estate Purchase - Top Tips Supplement

Title Deeds
Unfortunately, no guide about property in Cyprus would be complete
without saying a few words about Title Deeds. These, or rather the lack of
them, are a cause of grave concern and great expense to many people
who have bought property in Cyprus.
Title Deeds, more correctly known as “Certificates of Registration of
Immovable Property” in Cyprus, are formal documents that serve as
evidence of property ownership. (Immovable property is a term that
relates to land and buildings, trees and plantations, rivers, wells, and all
rights relating to land and buildings).
Each piece of Immovable Property has an associated Title Deed
containing information including its registered owner, its size and its
location.
The process of conveyancing is the transfer of title to a property from one
person to another. And once this process is finished, which is known as
‘completion’ in England and ‘settlement’ in Scotland, the property is
registered in the name of the person to whom title has been transferred.
In Cyprus, this involves the re-issue of the property’s Title Deed which
will now bear the name of the ‘new’ registered owner.
Delays
In October 2008 the Department of Lands and Surveys, the Government
department responsible for issuing Title Deeds, announced in Parliament
that 29,949 properties have been sold to non-Cypriots for which Title
Deeds have yet to be issued. It went on to say that during the past three
and a half years it had transferred 4,400 properties to non-Cypriot
buyers.
© Nigel Howarth
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43
Produced with Yudu - www.yudu.com