Cyprus Lawyers – Studies – Buy-to Let Scheme- completed on 27th February 2011. http://www.lawcyprus.org/

To combat the economies financial unrest and help give first time buyers a chance to get on the mortgage ladder in Cyprus a new concept has been introduced called ‘Rent to Buy’ scheme.

Currently to be able to buy property in Cyprus you must have 30% deposit plus solicitors fees, it is virtually impossible in these times of unrest to even acquire a small loan without 2 Cypriot guarantees.

The Rent-to-Buy scheme allows buyers to choose a property, put only a 5% deposit down and live in the property!  The buyer can live in the property for 5 years paying rent of which will then be deducted from the original sale price.

There are advantages for the buyer and the seller.  The buyer has 5 years to get the rest of the deposit together and get all their finances in order, while also paying some of the cost off the sale price.  The seller can use the rent money to pay the mortgage and is also exempt from capital gains tax and other expenses.

At the moment this is only available on certain properties making investment limited and maybe not what the buyer really wants but it is an affordable way to get on the property ladder especially for the young and first time buyers.

The recent economic crisis has forced many schemes to come in to action to try and keep the markets moving.  We have seen Fractional Ownership, Self Invested Personal Pensions, Recovery Scheme and now the Rent-to-Buy scheme.

Each concept has had its fair share of criticism but all seem to be keeping the markets moving.  We are yet to see where the Rent-To-Buy scheme will rate along side the rest of the schemes, but we will certainly investigate further and let our readers know our honest thoughts on the matter.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 27TH FEBRUARY 2011. http://www.lawcyprus.org/

Lawyers in Cyprus – Review – Cyprus Property Market

We can safely say 2009 and 2010 were dismal years for the Cyprus property market.  In 2010, contracts deposited at the land registry office were up only 5% from the previous year.

UK buyers have disappeared and probably will not be seen for some while to come.  The Russian market however has been more active, but they are keeping their cash in their pockets and buying only at the lower end of the market.

It’s definitely a buyers market right now as prices are down a staggering 30-40% and we may even see them reduce further in the later part of 2011. Nicosia is still the running favourite with increase in sales and Limassol in 2^nd place.

What can we say about 2011…yet again it’s another wait and see game, but it is rumoured that the island will be seeing a lot more Russian Nationals in all areas of Cyprus Island life. We would love to hear your thoughts for 2011 and what you think will happen.

Please see below our Cyprus Property Market Comparison Graph below.

PUBLISHED BY A&G KOUZALI LAW OFFICE  http://www.lawcyprus.org/

Cypriot Solicitors – Help and information on How To Buy Property From a Cyprus Developer.

You probably have many questions, about Cyprus Property and Developers which is why A&G Kouzali Lawyers in Cyprus is ready to give you information on all your queries. Our office is based on truth and honesty of which we feel our clients deserve. Do not fall prey to small print and jargon you must approach a Cypriot Lawyer who has vast experience in this field. Buying a Cyprus Property maybe a dream come true for some but without the best legal advice it can also be a worst nightmare.

Read more How To Buy Property From a Cyprus Developer

Cypriot Lawyers – Help and in information on How to Sell a Property in Cyprus.

We at Cyprus Property Lawyers A&G Kouzali understand buying property is a very big step and selling property is no different.  Our Resale department are one of the best in Cyprus this is a renowned fact.  We deal with your procedure speedily and precisely making your resale hassle free.  Leave to the professionals you will be in the hands.  If you require more information contact us through our website or speak with our resale department directly who will put you totally at ease and give you peace of mind within minutes that you have chosen the right Lawyers for this job.

Read more – How to Sell a Property in Cyprus.

Cypriot Lawyer information How to get permission to buy a property in Cyprus

The facts are, when buying Cyprus Property you must appoint an Independent Cypriot Lawyer, A&G Kouzali is the right legal firm for you.  There are different procedures to follow when buying Cyprus Property and A&G Kouzali give free advice on what you have to do.  The Council of Minister application is mandatory for all investors and A&G Kouzali Law Firm will guide you every step of the way.  For more detail information visit the website and leave your details and an expert member of staff will respond to you.

Read more How to get permission to buy a property in Cyprus

Cypriot Solicitor information on Capital Gains Tax in Cyprus

It is a fact that our resale department at A&G Kouzali Legal Firm in Famagusta Cyprus are one of the best when it comes to resales.  We are giving away free information on calculating your capital gains tax and if you require a full run down of the resale procedure please do not hesitate in contacting us.  Our professional resale’s team are at your service and a speedy response will be given to all your queries. Leave it to the professionals for an easy and smooth sailing resale.

Read more How to Calculate my Capital Gains Tax on my Cyprus Property

Cypriot Solicitors Information – How to Calculate Property Transfer Fees in Cyprus

Yes it is true, Cyprus Lawyers A&G Kouzali are giving away free advice on how to calculate your transfer tax. It is simple mathematics and we feel it is good for investors of Cyprus property to know, so they are not unpleasantly surprised when their bill comes.  This way, individuals can save for that happy day when they receive their Title Deeds.  For any Cyprus Title Deed or Property matters contact us for expert advice.  We are here to protect you the buyer! Read more How to Calculate Property Transfer Fees in Cyprus.

A&G Kouzali Law Office – Cypriot Solicitors information about How to Buy Land in Cyprus.

The bottom line is, buying land in Cyprus is a very big step.  Famagusta Lawyers A&G Kouzali Law Office offer advice on making this big step easier and more straightforward for you and your potential purchase.  With so many procedures to follow and with 100% client protection at the forefront, it would be a crime not to reach out for top quality expert advice and walk into your investment blind and maybe making the biggest mistake of your life. Read more How to Buy Land in Cyprus

How to buy a building plot in Cyprus – By Cypriot Lawyers

Take a Look, Cyprus Law Firm A&G Kouzali tell you how Rules & Regulations are very complex when buying a Building Plot in Cyprus.  Many searches must also be undertaken that normally you would not be aware of.  Make your investment as risk free as possible and contact A&G Kouzali Law Office who has extensive experience and knowledge in this area. Do not fall prey to the unknown and excitement of building your own property. Don’t put off those all important legal obligations contact the experts. Read more How To Buy a Building Plot in Cyprus

Cyprus Property Lawyers – Review – Russian investment patterns – Completed 11^th August 2010 – Property Lawyers in Cyprus.

The Russian economy is still putting the scares into the Russian nationals, resulting in the Russians looking overseas for more solid investments.

It was not so long ago that these Russian nationals did not have the kind of money they have today and therefore and especially, overseas property officials take it for granted that they have no clue what they are doing.

This is very far from the truth.  Because of the Russian nationals not previously having the money they are now even more cautious in how they invest. And not only for that reason alone, the Russians now spend more time travelling and becoming even more aware and up to date on overseas investment procedures.

It was at one time only the very rich who splashed their ‘under the table’ cash on overseas properties, now it is the middle class business men who are much more acute with their finances looking to invest in overseas investments.

No matter of the level of Russian investor, CONFIDENTIALITY is a very important factor to these private nationals.   They must feel they can trust property officials they are dealing with, not only with their money and investment but also their personal information.

Cyprus has always been seen as a favourite for the nationals as we have a strong Russian community, however, patterns are changing and each individual Russian national is looking for something different and being surrounded by other Russian nationals is not a main factor anymore.  Some Russians want total privacy away from their own country men.

Another important factor is that overseas property businesses employ Russian speaking staff.  Many potential sales could be lost for the simple fact they will only deal with and trust Russian speaking staff.  Which is a factor we as International Property lawyers, saw a good while ago, hence employing Russian staff to deal with our Russian investors.

Cyprus has had some setbacks with the Russian Market.  As in there were problems with Aeroflot wanting to ban other airlines from flying to Cyprus and also the bad publicity on the ‘Title Deed’ issue has also reached Russian waters, which is why it is ever more important the Cyprus government rectify this issue.

The Russian nationals have already made an impact on the Cyprus property market and we are now seeing more interest from Russian nationals visiting our Russian website.  Our Cyprus lawyers will do all we can to accommodate the Russian investors and we hope other property officials and the government will do the same.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 11^TH AUGUST 2010.