Premium property investments experts Limassol, Cyprus: You have contacted Cyprus Developers Alliance – an official provider of the Cyprus Investment Programme accredited with the Government of the Republic of Cyprus. The Alliance is primarily one of the most distinguished licensed operators of the Cyprus property market. The Alliance is a member of the Cyprus Chamber of Commerce, FIABCI and SKEK. If you have purchased a property in Cyprus for the purpose of holiday making there is no need to apply for a residence permit. The visa granted on the grounds of property ownership will allow you to stay in the Republic of Cyprus altogether 180 days a year, 90 days every six months. In case you plan to live in Cyprus on more or less permanent basis you should apply for a residence permit. Cyprus offers probably the best conditions in the European Union for this. Read more details on apartments for sale in Cyprus.

On your arrival you will meet one of directors or a manager of the Alliance. In course of communication your requirements will become more specific and will be more thoroughly discussed and opinions will be exchanged. Then the sales managers will show you those properties that have been discussed at previous stages. As a result of site visits you will meet our directors in order to summarize the impressions of the visits and outline a plan of further activities. Surely, sometimes our clients happen to find a house or an apartment they have long dreamed of on the pages of our web site. Then it would come to nothing more than viewing that property. Anyway once you finally fix upon this or that property(ies) and say: “This is it! I am buying this!” we will proceed to transaction execution.

Types of Immovable Property Ownership – Sequence of operations in the course of effecting a sales transaction is described on page “Buying property”. It shows that there are several immovable property ownership statuses in Cyprus. Here is more detailed description. There are only three statuses of the kind. Immovable Property Owner – Once a contract of sale for a property is signed and at least 30% of its amount paid, the contract is deposited at a public agency – Land District Office. As a result you become property Owner.

Despite the fact that foreigners have virtually a feel of being almost at home in hospitable Cyprus, one always wants to get a recommendation in matters like looking for a good doctor or a lawyer. All the more so that advertising of legal services is against the Law in Cyprus. In case you apply to us with a similar request we are willing to reference a law office, the competent and professional work of which we are well familiar with. We can also suggest that you observe recommendations by British High Commission (Consular Department of the British Embassy to Cyprus). Please, follow the link to contact them. Then you can download a list of lawyers* in various cities of Cyprus. You certainly have a perfect right to apply to any other lawyer or law office.

Cyprus banks offer quite loyal terms for obtaining a mortgage to property purchasers provided certain conditions are met. In recent years one of such conditions is that a borrower should have income in EUR, USD or in any other hard currency. The mortgage rate is usually 3.5%-4% per annum. The collateral to obtain mortgage for property acquisition in Cyprus is the very property to be purchased. To obtain mortgage you are definitely required to submit evidence of your ability to repay it to the banks.

What is Cyprus phenomenon? Why has this relatively small island become a favourite holiday and permanent residence place for a great number of foreigners from all over the world? Let us make a short list of Cyprus advantages. Wonderful climate and a healthy environment – We have lately asked one of our clients why he chose Cyprus in particular? His answer was brief – “because Cyprus is the only European country where one can bathe in the sea in November”. There are moreover 320 sunny days a year in Cyprus. At the same time there are mountains in Cyprus with snow cover in winter and with 4 ski lifts installed for skiers. Read even more details at cyprus-alliance.com.