Don’t be tempted to try and play “Developer” in Cyprus

Don’t be tempted to try and play “Developer” in Cyprus

More traps for the unwary !!

property developer

It is very tempting to purchase a large plot in an Agricultural Zone, Cover 10%, build your own house and then divide your plot.

The idea is to recoup the cost you laid out on the land by selling the other half as a building plot.  Or even subdivide into smaller plots and turn a profit – become a developer.

In Agricultural Land, you are allowed to build ONE housing unit, whether you have public access or just a right of passage.

If you do not have a REGISTERED access to a public road then you cannot divide !! Registration is effected by prior Order of the Ministry of the Interior as part of the District Plan process.  Registered Access will be shown on your Title Deeds or the Lands Office Survey Map showing your plot.

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Posted in Cyprus News on May 12th, 2007, 11:55 am by The Editor   

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