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Buying a Home in Cyprus
36
A Practical Guide to Successful Real Estate Purchase - Top Tips Supplement

g374 The more disreputable property developers prey on buyers without
Title Deeds by extorting huge amounts of money from them
claiming that it is Immovable Property Tax.
One elderly lady I’ve been helping bought her house in 1982. In
2007, when her Title Deeds were finally issued, the property
developer demanded more than €25,000 in unpaid property tax
and threatened to withhold her Title Deeds until she paid up!
Fortunately her lawyer pursued her case in court where, a year later,
the judge ruled in her favour.
The amount of Immovable Property Tax she owed to the
Government after living in her home for 26 years? A mere €430!
g374 Some people have unwittingly bought and paid for property that
has been built illegally; constructed without Planning or Building
permits. If a property has been built illegally, the authorities may
issue a ‘Demolition Order’ resulting in its destruction. (I know of
several people facing this threat).
g374 Buyers are unable to make any substantial changes to the
property without the consent and the agreement of the Title Deed
holder (who will need to submit a Planning Application to the
relevant authority).
Cyprus Government
Over the years, there have been some half-hearted attempts by
parliamentary deputies to find a compromise solution to the numerous
Title Deed problems.
And although there’s been the occasional, vacuous announcement by
successive Interior Ministers that the Title Deed matter would be tackled,
nothing has been done.
© Nigel Howarth
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