九色视频

I am unable to contribute as i live on the Eaternside of the island. No further comment.

Londondoc Congratulations on your choice of Cyprus!

You have a lot of work to do but you have realistic timescales. Bear in mind that the golden visa is constantly changing and given the timescale might need constant review.

Be aware there have been a number of issues with developers and lawyer recently here. It is a bit like the wild west when it comes to property, land and lawyers. Buyer beware!

If you have been in Cyprus just before Brexit you might already qualify for PR without a property purchase.

Have you chosen the area or is that the reason for your next visit?

There are a number of forum members who will probably be able to help with some suggestions on property purchase off plan. There is a lot of building going on now and prices had increased but I see they are leveling out and with the big influx of property being built it might outstrip demand. This will increase pressure on prices in a downward direction possibly.

Warm welcome @Londondoc !

Please note that this new thread has been created from your posts on the Cyprus forum so that you may better interact with members.

All the best

Bhavna

@Bhavna

Thank you very much !

@phildraper

Thanks for that, Phil. It is Paphos where we want to put new roots down, if the planets align well. Your comment on the 'wild west' scenario---That is food for thought. I was under the impression that with EU regs and a British-based judicial/conveyancing system things would not be too hairy. And I note that new builds seems quite expensive. Decent quality 3-bed villas are meriting 6 or 7 or 800 k. Those are eye-watering numbers.

@londondoc

It's definitely wild west scenario in the property world.. however you just have to be careful with your choice of developer lawyer and surveyor if you need to have one.聽

Check and double check everything and never ever use the same lawyer as the person selling the property whether that be a developer, agent or private seller.

Good luck and enjoy the planning stages

It鈥檚 a small world here, and most people in the development business know each other well, and are connected to lawyers, accountants etc.,

My advice - get your own lawyers and ensure as best as you鈥檙e able there鈥檚 no conflict of interest.

Always communicate in writing, and confirm telephonic conversations in writing. Ask if you鈥檝e omitted anything.

Don鈥檛 rush into a decision. Time is on your side given your time horizon, but take into account the pace of life here is slow. Be patient.

When looking at a development look for things beyond the boundaries. Any potential new builds likely which may affect your views or quality of light.

Once you鈥檝e found your 鈥渋deal鈥� development - ensure there are penalty clauses for late completion, and have a QS on hand to ensure that which is promised is fully delivered and to supervise the build if you鈥檙e going to be in London.

As a rule of thumb, with new builds - it will take twice as long and cost twice as much. Again, ensure your contracts are water tight with penalty clauses as noted above.

it鈥檚 sunshine nearly all year round, though November to February is quite variable. If you are up in the hills, or have large square footage design in both heating / cooling - maybe a ground source heat pumps / solar power.

Have adequate insurance. 鈥淪od鈥檚 Law鈥�. What can go wrong, will go wrong.

As long as you鈥檝e 鈥渢ied your camel鈥� - taken all the steps you can to do, like due diligence and use independent advisers, you can hopefully mitigate most things. It鈥檚 okay to follow your heart and relocate to Cyprus . Please follow your head, not your heart, in respect of choosing a developer, site, lawyer, accountant, QS and insurance. Happy chat if you would like, though I鈥檓 not often here, I check from time to time.

Best of luck and be sure to enjoy the journey as much as the destination!

Not directly related to your query, but be aware that if you're both going to be receiving NHS pensions, then聽 under the double taxation agreement, as "government" pensions they will be liable to income tax in the UK, not Cyprus, even if/when you become tax resident in Cyprus.

@Rayy72

Thank you very much.

Hi

Moved to Frenaros in the east.

Used island homes lawyer聽 for purchase off plan. Whole process went with no hic ups.

Deeds, purchase, perm residency,聽 wills, gesy. TAX etc.

All more efficient than UK. Reasonable fees, nice people.聽 I Dont understand some people's experience here. Tip ...do your research, if its too good to be true then it is, dont try and be too clever . .

I am unable to contribute as i live on the Eaternside of the island. No further comment. - @charles533

...and I currently still live in the UK. No further comment (either) 馃槆

Londondoc Congratulations on your choice of Cyprus!
You have a lot of work to do but you have realistic timescales. Bear in mind that the golden visa is constantly changing and given the timescale might need constant review.
Be aware there have been a number of issues with developers and lawyer recently here. It is a bit like the wild west when it comes to property, land and lawyers. Buyer beware!
If you have been in Cyprus just before Brexit you might already qualify for PR without a property purchase.
Have you chosen the area or is that the reason for your next visit?
There are a number of forum members who will probably be able to help with some suggestions on property purchase off plan. There is a lot of building going on now and prices had increased but I see they are leveling out and with the big influx of property being built it might outstrip demand. This will increase pressure on prices in a downward direction possibly. - @phildraper

Not sure what you mean here Phil?

Jim

@sp0758

Good to know, thanks. And reassuring too.

@Peter Ty

Thanks for that, Peter. Yes, this NHS pensions issue is likely to be a particularly annoying thorn in the side given we've worked our fingers to the bone for an NHS we have loved (let us leave the weapons-grade lunacy of the politicians aside, may be)- and the pension was one of those supposedly sacrosanct things- another mirage! My initial impression was that with the double-taxation agreement we could claw back any extra tax applied in the UK. Apparently not. But hey ho.... onwards, etc.

Really looking forward to arriving in Paphos tomorrow afternoon.

@Rayy72

Apologies for the tardy reply- yes, agree- extremely useful tips. We are doing our own due diligence, and I agree it may not pay to get too clever with things...thank you.

@londondoc

Just an observation, I鈥檓 assuming your pensions meet the criteria etc do you need to buy new? Would not a resale and Temp Res tick the boxes too? I realise you鈥檇 need to wait longer to get permanent residency but you鈥檇 probably keep more in the bank and actually see the property already built and remove some of the risks with developers. Just thinking out loud 馃憤

Welcome and you have a made a good start with forward planning, as time can go quickly when you are due to make the final move.聽 I concur with above - a resale may be an option gives you the time to gradually increase your living in Cyprus prior to retirement - being in the same boat with government and nhs pensions the tax situation was never an issue and the financial criteria for immigration is low compared to other EU locations

It鈥檚 really a decision on location and environment and each to their own as what suits some will not be the same for others.

Both new builds and resales have their pros and cons - for us it was about knowing the area well and its facilities in a very mixed community with Cypriot neighbours not just expats

In the end we chose a village in the eastern area within a short distance of beaches and other larger urban areas-聽 we had over years rented in different areas but they were not what we considered as home and the environment we wanted

good luck

@telf

Good solid guidance sir.

Choosing where to live can only be done by experiencing various locations over a period of time as the dynamics change morning noon and night.... So take the time.to do it.. it will.pay dividends in the end......

I took the decision not to purchase a house. The rent is a big pain as it appears to be money down the drain and owning a house has stability of tenure and the hope of an increase in the asset. However, I see it as just tying money up that I will never see as i would probably die still owning the house. That money could be spent and enjoyed. It takes a lot of years paying rent to equal the cost of the house I live in. It is also easier to move if I don't like the house or area. Selling can take a long time.

I would recommend renting to at least get a good feel not only for the Cyprus life but also an area. It also provides a plan B if Cyprus does not work out or circumstances change. A move back to the UK form rented is easier and means you probably still have money from the UK property sale.

@phildraper. It鈥檚 a fact that many who have holiday experiences and relocate then find it鈥檚 not what they had envisioned or the tie of family.聽 I laugh everytime I hear on various tv shows - we need x bedrooms or such a size property for family to visit etc.聽 聽There comes a time when grandchildren, family have done the visits and want something different for a holiday,

its your home not a friends or relatives AirBnB

I have spoken to many who have been here a long time who would return to the聽 U.K.聽 聽But with prices for property and rents moving back to U.K. is not an option

Retaining a property in U.K. for some is an option and the rental income covers the average monthly costs in Cyprus for renting and utilities.

As with many people health and it's care, especially as a person ages their care in old age becomes an issue and a very expensive one if you have not made plans or have the cash for it plus a local support network. Missing ones family and grandchildren etc...along with issues related to work or lack of or poor wages long hours still force people back to their homeland...

@simoningram

Thanks- I'll need to look in to this.

@telf

Thanks, Telf. I recall watching parts of that video some while ago although I may not have watched it all the way through- it is, as you say, a long-ish one.

Day 3 in Paphos and I must say all the family have taken to it like a duck to water. Fabulous place. But the lingering doubts may linger for a big longer- it's such a huge decision to commit several 100 thousand pounds to buy an off- plan with a view...a view to moving in聽 in 2-3 tears' time. And may be a dodgy sea view? Or a non- lifetime sea view?

I've found and instructed an independent lawyer that we're very happy with- this process took many weeks of diligence. The tricky bit comes now , negotiating with the developer. And hope to hell he doesn't declare bankruptcy over a 2-year build horizon....

@londondoc

And unfortunately slip of the pen....

"a view to moving in聽 in 2-3 tears' time"

Sometimes this has happened..look at what happened in Pissouri...Cyprus like Malta are not exactly over run with professionals in the area of engineering and due diligence on building regulations.聽 Tying that in with speedier issue of building permits may leave room for short cuts and聽 divergence from permits and plans.

My first home was purchased off plan from one of the top developers in 2001. Superb hillside front line view from Peyia towards the sea. I was informed that identical villas would be built聽 on the plots inland of me.

As I worked in the USA it was a while before I returned. I found a terrace of houses built immediately behind me and eventually a block of apartments blocked my sea view.

I sold eventually having been more careful second time around.

@simoningram

Thanks, Simon. Back from Paphos- utterly mesmeric, those blue skies, and the blue-blue, blue-blue Med. The whole family felt it was love at 1st sight!!! We instructed a lawyer while there (after loads of diligence and interviews) and are very happy with our choice. She suggests that buying new and getting PR quickly would be the best way forward.

@Toon

Freudian slip, Toon !! Tears and Paphos somehow seem not to fit together, imho...

Yes, my slightly pessimistic thoughts at the time were a consequnce of some stupid decisions I made- should know better by now !!. I contacted an estate agent (based on some recommendations) in Paphos and the experience of having them try to manipulate us was pretty unpleasant. Didn't realise they would be so pushy. That sort of cast a shadow on the otherwise brilliant time we spent in Paphos. We're a bit cagey now about contacting any realtor there without some really good 1st-hand advice/recommendation.

@londondoc

聽 That's the usual pushy agents alwAys looking for there next commission..... sorry that you had such a bad experience with them....what are u looking for and where...

Rental or buying ..... But then I just saw your earlier post... Lol

Don't buy immediately rent for a little while if you can... give yourself time to get to know potential locations ..check them morning noon and night... Expend the same amount of due diligence on location as you would legal and paperwork... It pays off in the end.

Who were the agents you experienced.. pm is better.

.

I see advertisements on buses saying buy a property and get PR in 2 months! Not sure if this is the reality given the backlog in immigration lol.

I agree with Toon that renting is a good start but completely understand if this is not for you. Remember that the developments can be slow and completion dates do slip. As there is so much building going on I would expect some property to be nearing completion without being sold. That might be worth looking at as at least you can see the level of workmanship and have a better understanding of the feasibility of their completion date.

@phildraper

Thanks, Phil. The trouble with renting is that work remains extremely hectic and often-times a 1 week break is a pipedream, leave alone a few months at a time. That makes renting pretty hard. Plus the fact that with a 2 yr off plan horizon, we can visit and keep an eye onbthings as part of our holidays, albeit only 4 or 5 days at a time. Another option is to retire in 24 months, then rent for 2 or 3 months, and make a clear plan thereafter. But things are always changing and some of that change might well br adverse and work against our intended plans? Who knows...

Am sure lots of people have taken the same approach... But I wouldn't be happy to trust a developer without being here keeping an eye on progress and other things.

Choose your developer carefully .. preferably with a few personal recommendations and viewings of recent builds and sales etc as well.as earlier ones too to see how they fare over time

Sums up the pitfalls of buying in Cyprus -

@telf

Caveat emptor always ..

Nigel.Howarth comments from Cyprus Property News

"This Court of Appeal ruling underscores the absolute necessity for anyone considering purchasing a property in Cyprus to request a Title Search from the Land Registry for the property in question. The Land Registry fee is 鈧�5.00 per application.

Those unable to request the search themselves must instruct their independent lawyer to do so on their behalf.

When completing the form (N.50), request the following information:

All contracts of sale

All mortgages

All memos, encumbrances, and prohibitions

The Search Certificate provided by the Land Registry will be in Greek. If the buyer requires the Certificate to be translated and any issues clarified, along with their implications, they should consult their independent lawyer.

By independent, I mean a lawyer who is registered with the Cyprus Bar Association and who has no connection whatsoever with any other party involved in the sale.

For the benefit of British nationals, the UK Foreign, Commonwealth and Development Office publishes a list of English-speaking lawyer in Cyprus on its website.

Note. You should do your own research before deciding which lawyer to use."

GET AS MANY RECOMMENDATIONS.AS POSSIBLE

@telf
Thanks, Telf. I recall watching parts of that video some while ago although I may not have watched it all the way through- it is, as you say, a long-ish one.
Day 3 in Paphos and I must say all the family have taken to it like a duck to water. Fabulous place. But the lingering doubts may linger for a big longer- it's such a huge decision to commit several 100 thousand pounds to buy an off- plan with a view...a view to moving in in 2-3 tears' time. And may be a dodgy sea view? Or a non- lifetime sea view?
I've found and instructed an independent lawyer that we're very happy with- this process took many weeks of diligence. The tricky bit comes now , negotiating with the developer. And hope to hell he doesn't declare bankruptcy over a 2-year build horizon.... - @londondoc

Sorry guys, did I miss a post with a video link?

I would be very careful about buying off plan, unless you can buy the plot and then pay in stages as the property is built, otherwise you can end up in a whole load trouble

Caveat emptor ..as the video maker says ...TRUST NOBODY

@shotokan101