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Video on Cyprus Apartment For Sale

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Cyprus Apartment For Sale
William Marind
In case you require air condition ing/central heating, we suggest that the advice of a qualified electrical and mechanical engineer be sought. Fees for this consultant are around 4% for the design and 2% for supervision (on the cost of the works).Insist on all drawings being ready before inviting tenders.It is recommended that a building permit be secured first before works commence, although works such as excavations etc may begin prior to the issue of the building permit. In this case, your architect must consult with the Appropriate Authority to see whether there are any major objections to the drawings.
For all the towns and for some villages there are water development zones and it is most difficult to get public water supply to a property sited outside the zone. Do not take, therefore, the word of the estate agent, the owner or the village muchtar, that water supply can be made available. Remember that the appropriate water authority is the Water Development Department only.
Furthermore, it is not sufficient to merely check the zone of the property under consideration but one should also check the zone of the neighbourhood in general. This is so, since your plot may be within an agricultural area but a few feet away there may be another zone, say industrial or animal farming, which will create nuisance to your property.If an area is not subject to zoning, it is best to consult an expert or even pay a visit to the Planning Office and consult, unofficially, the officers on their views on the possible planning use of the area under consideration.
Compared with other international financial centres, Cyprus offers a distinct benefit in the form of double taxation treaties. Agreements with an increasing number of countries eliminate the double taxation of income earned in any one of these countries. In practice, the tax levied by one country is credited against the tax levied in the taxpayer's country of residence. Where different tax rates apply, the tax payer will ultimately not pay more than the higher of the two rates of the respectively countries.
When the building permit is issued works may begin. Try to avoid variations/changes as these will give rise to claims on the part of the contractor which will mean a financial loss to you. Upon completion of the work your architect must submit drawings (as built) to the Appropriate Authority, if changes have been introduced, for the issue of a covering building permit.
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