Cyprus-Forum.com

[Svetlana]

I know the Property Market here property pretty well, having bought several properties, but find myself in a situation where I am unable to sell my own home - the Law will not let me!

The reality is that Law does not offer sufficient protection to purchasers.

Lana

[di-di]

Hello everyone, nice to see we are back on track and debating with some sen se.

Conor has obviously got all the permits and permission for the proposed protest, it is legal and necessary. If it were not legal i would not be inviting my children to join in and support Conor and his wife and, may i say, many others.

We can't all be wrong can we?

If i were fit and able enough to travel i would indeed be standing shoulder to shoulder with this remarkable man and his family.

There is much to gain and little to lose in this demonstration.

If you can join us then please do and if not then please spare us a thought.


Di-Di

[DT.]

Hello everyone, nice to see we are back on track and debating with some sen se.

Conor has obviously got all the permits and permission for the proposed protest, it is legal and necessary. If it were not legal i would not be inviting my children to join in and support Conor and his wife and, may i say, many others.

We can't all be wrong can we?

If i were fit and able enough to travel i would indeed be standing shoulder to shoulder with this remarkable man and his family.

There is much to gain and little to lose in this demonstration.

If you can join us then please do and if not then please spare us a thought.


Di-Di

Going back to Oracle's post, if someone conned me out of some property in Skegness and Gordon Brown was on an official visit to the US would you protest outside the British Embassy while he's giving a speech?

[Bill]

The huge difference in buying land and property in the ROC is that the law demands that the seller must be the legal owner with legal deeds in possession and that the buyer on exchanging contracts and fully paying for the land or property receives title of land or property and the legal deeds that the entire world , including the Banking world most importantly , recognises as proper evidence of a legal acquisition of land or property. .

If you are saying that the buyer should get the deeds as soon as he has paid for the property if full miltiades I'm afraid that sadly this doesn't happen in Cyprus and there are buyers who have been waiting years for their title deeds ~ some of the more unfortunate buyers have been waiting 10 years and over .

The average waiting time from paying for your property / moving in and actually receiving your deeds for a new build is 5 years ~ during this time the buyer does not legally own the property the developer does and also during this time he may take out a mortgage quite legally on his clients property to help fund his next project .

It's not just the little tin pot builders/developers doing this most of the large and well known/respected developers are doing it too including the Orthodox church where they have built projects.

It's something that really needs sorting out in Cyprus but I doubt if it will change as there are so many financial benefits for the developer to delay issuing the deeds ~ one of the biggest earners for the developer apart from the buyer paying the developers IPT is being paid to give permission to change over the sale contract ~ so lets say I buy a two bed apartment for holiday use and then a few years later move to Cyprus and decide to sell it and buy a house ~ I would need permission from the builder / developer to sell MY paid for in full property and unless the lawyer has done his job properly this could cost thousands.

A relative was asked for £12,000 when she recently wanted to sell her property just so the developer could change over the contract to the new buyer ~ she refused to pay and it was only when she was about to take the property off the market that the developer reduced his fee to £5,000 .

Sadly a lot of lawyers are "in the family" of most developers and tend to make out contracts to suit the developers and not the buyers that they are supposed to represent when my relative questioned the lawyer over this charge she was told that as she hadn't asked for the charges to be capped the lawyer didn't include it in the contract ~ with all the best thoughts in the world you could hardly say that the lawyer was looking after the buyers interests.

The situation in Cyprus is far from ideal and the buyer sadly has few rights ~ even when you have really been screwed there is little point in taking it further as you won't get a lawyer to take another one to court plus the bar association will give little or no help .

Buying property in Cyprus is fraught with problems that just don't exist in other EU countries .

I personally just can't get my head round a system that allows a developer to hang on to the deeds for years and lets him to take out mortgages on that property after the buyer has paid for it in full ~ I wonder how many properties have been repossess by the bank when the builder has not kept up his mortgage payments ( I know of two ) and the person who is living in the property and paid the builder in full has been given the option of paying the builders debts or being thrown out ~ The lawyers in both the instances I know about just shrugged their shoulders and commented " sorry it happens and I can't help you ".

Personally I wouldn't buy a property off plan or for that matter a resale without deeds in Cyprus as it's far to risky but it seems thousands do ( including many Cypriots ) after all they have the lawyer assuring them that everything will be OK ~ so it must be .

Now buying in the North is a different scenario altogether not only have you got all the problems the ROC has but much much more nasties waiting for the unsuspecting buyer plus the question of the legality of the land the property is being built on .

Bill

[purdey]

Come on DT that is how it works. People demonstrate when heads of state visit,I thought that was the whole point of getting noticed.
Another alternative is to hire a suite next to the President at the Dorchester and invite him round for afternoon tea.

[DT.]

Come on DT that is how it works. People demonstrate when heads of state visit,I thought that was the whole point of getting noticed.
Another alternative is to hire a suite next to the President at the Dorchester and invite him round for afternoon tea.

Yeah Purdey they demonstrate to free Tibet or to free POW's or to write off 100 trillion in African debt. You don't demonstrate at a head of state cause one guy got conned by a developer.

[Oracle]

I would not worry too much about Boris, Conor. Apparently he has entered the wrong offices of his new post on two occassions now.
He maybe a likeable intelligent chap but he has the common sense of a dead fish.

..... a True Turk in other words?

[denizaksulu]

I would not worry too much about Boris, Conor. Apparently he has entered the wrong offices of his new post on two occassions now.
He maybe a likeable intelligent chap but he has the common sense of a dead fish.

..... a True Turk in other words?

You see Oracle? Purdey is buttering your bread.

I bet that put a smile on your face!!

[Bill]

Come on DT that is how it works. People demonstrate when heads of state visit,I thought that was the whole point of getting noticed.
Another alternative is to hire a suite next to the President at the Dorchester and invite him round for afternoon tea.

Yeah Purdey they demonstrate to free Tibet or to free POW's or to write off 100 trillion in African debt. You don't demonstrate at a head of state cause one guy got conned by a developer.

There are lots of people being conned in Cyprus DT sadly most just accept it as they come up against a brick wall or threats when trying to get something done about it .

Conner is one person that won't give up no matter how many threats he receives or been actually been beaten up ~ you could say the developer in question has met his match.

I would really like to see Connors plight sorted out but the developing game is so well connected that to be honest I can't see it happening ~ it's a very corrupt business within Cyprus and as a priority something needs to be done soon.

I wish Conner luck as he certainly needs it to shake up the "system" in Cyprus.

Bill

[Oracle]

I would not worry too much about Boris, Conor. Apparently he has entered the wrong offices of his new post on two occassions now.
He maybe a likeable intelligent chap but he has the common sense of a dead fish.

..... a True Turk in other words?

You see Oracle? Purdey is buttering your bread.

I bet that put a smile on your face!!

Schadenfreude ....