Cyprus-Forum.com

[Susie6smith]

Does anyone know the cost involved in transferring Land Registry I am in the early process of buying an apartment and have sent an email to The Land Registry in Paralimini in order to get an idea but have heard nothing back.

[bill cobbett]

Is this what you're looking for... http://www.moi.gov.cy/moi/dls/dls.nsf/dmltransfer_en

3% - on the first € 85,430

5% - on the next € 85,430

8% - on the remainder

For properties costing more than € 85,430 it's beneficial to purchase in joint names. Each person gets the benefit of the lower rates.

There are discounts on these rates for "first sales" in other words "new builds" bought from developers, which can be as much as 100% discount.

Hope there are Unencumbered Title Deeds for this purchase.

[Susie6smith]

Thank you Bill, most useful. Yes Unencumbered Title Deeds so all good.

[B25]

Thank you Bill, most useful. Yes Unencumbered Title Deeds so all good.

The fact that there is title deeds does not mean it is unencumbered.

However it it were, you could not transfer anyway, but best to be sure before you go to Land registry. You could do a search to be sure if the sellers cannot be trusted.

Good luck

[bill cobbett]

Thank you Bill, most useful. Yes Unencumbered Title Deeds so all good.

The fact that there is title deeds does not mean it is unencumbered.

However it it were, you could not transfer anyway, but best to be sure before you go to Land registry. You could do a search to be sure if the sellers cannot be trusted.

Good luck

Yes... deffo do a "search", either get you solicitor to do it... or go in person with all IDs and documents with the sellers to the LR, they'll do a search there and then with the seller's leave. For the sake of a morning, trust no one.

[B25]

Thank you Bill, most useful. Yes Unencumbered Title Deeds so all good.

The fact that there is title deeds does not mean it is unencumbered.

However it it were, you could not transfer anyway, but best to be sure before you go to Land registry. You could do a search to be sure if the sellers cannot be trusted.

Good luck

Yes... deffo do a "search", either get you solicitor to do it... or go in person with all IDs and documents with the sellers to the LR, they'll do a search there and then with the seller's leave. For the sake of a morning, trust no one.

Bill they may not do it immediately, they may ask you to return in a few days and collect it.

Although if you said a small white lie that you were leaving Cyprus they might just do it for you

[bill cobbett]

Thank you Bill, most useful. Yes Unencumbered Title Deeds so all good.

The fact that there is title deeds does not mean it is unencumbered.

However it it were, you could not transfer anyway, but best to be sure before you go to Land registry. You could do a search to be sure if the sellers cannot be trusted.

Good luck

Yes... deffo do a "search", either get you solicitor to do it... or go in person with all IDs and documents with the sellers to the LR, they'll do a search there and then with the seller's leave. For the sake of a morning, trust no one.

Bill they may not do it immediately, they may ask you to return in a few days and collect it.

Although if you said a small white lie that you were leaving Cyprus they might just do it for you

Fair enough file... perhaps a fake gucci hand-bag ... ???

[supporttheunderdog]

Thank you Bill, most useful. Yes Unencumbered Title Deeds so all good.

The fact that there is title deeds does not mean it is unencumbered.

However it it were, you could not transfer anyway, but best to be sure before you go to Land registry. You could do a search to be sure if the sellers cannot be trusted.

Good luck

Yes... deffo do a "search", either get you solicitor to do it... or go in person with all IDs and documents with the sellers to the LR, they'll do a search there and then with the seller's leave. For the sake of a morning, trust no one.

Bill they may not do it immediately, they may ask you to return in a few days and collect it.

Although if you said a small white lie that you were leaving Cyprus they might just do it for you

Fair enough file... perhaps a fake gucci hand-bag ... ???

or a nicked Louis Vouton one.....if one is Russian and leaving the country....

[GreekIslandGirl]

I'm confused about the term "transfer". Why do you need to pay fees if you are transferring? Say, to a relative. Selling and buying is different to "transferring" isn't it?

[B25]

I'm confused about the term "transfer". Why do you need to pay fees if you are transferring? Say, to a relative. Selling and buying is different to "transferring" isn't it?

You are in effect transfering to a different name. Whether you buy or sell the title gets 'transferred' to a new name.
Only transfers between first degree relatives or spouses is currently free from TFs.