More about the TITLE DEED issuing service

One month ago the Cyprus government passed a new legislation which allows property buyers to skip the developers and apply for the issuing of their separate property Title Deeds using their contract of sale.

This is the most significant legislation change ever made, since the absence of Title Deed diminishes the value of a property, makes it extremely hard to sell and it is impossible to get a mortgage especially now, known that many developers are struggling financially due to the economic crisis.

In addition, the issuing of a Title Deed adds significant value to a property, which can be mortgaged at any Bank if desired. A property with Title Deed also attracts many more buyers and enables a resale transaction to proceed in a far more straightforward manner.

The most important factor however, is that the Title Deed gives absolute and undisputed ownership of your property.

The procedure requires an architect or civil engineer to inspect the property for any illegalities or irregularities. Following their report, since the law also incorporates an amnesty on any illegalities or irregularities already made to the property, and when some other procedures are also followed, an application will be made to the relevant authorities (like land registry, building authorities, inland revenue, municipalities, etc) for the issuing of the Title Deeds. Simultaneously our accounts department with tax experts and accountants will commence with obtaining your Tax Clearance. Once all the necessary procedures have been completed the Title Deeds will be issued.

The procedure requires coordination of a team of specialized professionals and good knowledge of the new legislation procedures. At BuySell we have formed a team of professional architects, civil engineers, solicitors, valuers, accountants and property experts trained in the new legislation. Since the legislation is new, the procedure must be followed to the letter. Therefore we have invested a significant amount of time, money and energy to form a team with the top professionals in the country that can deal with speed and efficiency. We are here to make it easy and help you get your title deed.

BuySell is the only specialized organization in Cyprus with a dedicated TITLE DEEDS DEPARTMENT. We are ready to proceed the matters on your behalf and issue your property Title Deeds.

The cost of dealing with all Title Deed issuing procedures is:

1. 1,500 Euro for the Architect/Civil Engineer.
2. 1,500 Euro for Tax Clearance and other accounting expenses.
3. 1,000 Euro for Legal and document preparation fees.
(above fees are subject to 15% VAT)

Since this is a new innovation and extremely important for property owners in Cyprus, we are already dealing with a large number of applications. We plan to file the first bunch of one thousand applications before August 31st 2011. We are amongst the first to proceed with such applications and if you are interested we would like your written instructions requesting us to act on your behalf. Once we have received the above mentioned funds we shall proceed with the application. If we act with speed and efficiency we estimate that we will issue the first Title Deeds within the next few months.
 
However, should you postpone this process, since the Authorities will be inundated with applications, causing significant delays, we would be unable to estimate a timescale for issuing of Deeds.
 
If you are interested to be among the first 1000 who will apply for Title Deeds, please reply to this email or give us a call in the phone numbers below. With this in mind we advise you to send
us your written instructions and forward your funds within the next month.

If you have any questions don't hesitate to contact us, we are here to help you get your title deeds.


Title Deeds Department
info@buysellcyprus.com

BuySell Cyprus Real Estate
BuySellCyprus.com

BuySell is the only organization in Cyprus with a specialized
TITLE DEEDS DEPARTMENT. We will send the first one thousand applications before August 31st, 2011. Apply now to be among the first who will get their title deeds.

Title Deed gives absolute and undisputed ownership of your property

Title Deed adds significant value to a property, which can be mortgaged at any bank if desired.

A property with title deed also attracts many more buyers and enables a resale transaction to proceed in a far more straightforward manner.

BUYSELL TITLE DEED ISSUING CENTERS

ALL OVER CYPRUS

Open lines from 8:30 AM to 7:00 PM

+357 22668777
23 EvagorouStr, 2081, Nicosia

+357 25315858
54 Georgiou A, 4046, Limassol

+357 24637111
18 PanayiotiKanellopoulou, 6057, Larnaca

+357 26200000
70, ApostolouPavlou, 8046, Pafos and
D23 Coral Bay Plaza, 8575, Coral Bay

+357 23725959
29 Makariou III, 5330, Ayia Napa

or email us 24/7 at

info@buysellcyprus.com