Frequently Asked Question Section If you can't find an answer to your Cyprus Property question, please contact us... Do I need  a Cyprus Solicitor / Lawyer? Yes. Your lawyer will undertake all the necessary searches on your behalf, including those ascertaining that the land belongs to the vendor, is free of charges, has the necessary planning and building permissions and that the contract you intend to sign is fair and legally correct. In a wider context, the legal system in Cyprus is based on the British model and is widely regarded as being excellent What is the Cyrus Property buying procedure? Once you find your perfect Cyprus property build, it is reserved by you making a £2000 (Cyprus Pounds) deposit with Giovani Developers. This can be done by credit/debit card. Once you return home the first instalment usually around 30% of the purchase price (less the deposit) is required to be paid within 30 days upon signing the contract of sale. At the same time your solicitor registers the contract of sale with the Cyprus Land Registry Office. Once this is done, depending on the property you choose there will be instalments required at set intervals during the course of the build if the property is off plan. Payment options can be discussed and arranged in Cyprus with an independent mortgage advisor. For more Information click here...   What does a Cyprus Property  inspection trip consist of? A Cyprus property inspection trip usually lasts 4 days and 3 nights and involves a trip to Cyprus to view properties and become familiar with the area in which you are going to purchase. Visit the  inspection trips page for more information.   What guarantees do I have to secure my Cyprus Property Investment? The initial deposit, normally amounts to 30% of the property value, is protected by "title deed" for a portion of the land to be built on. The value of this land must be worth any deposit paid. Any subsequent instalments are paid during the property construction. Payments are made only after the issuance of architect’s certificate report of completed work. Cyprus Property Builder's guarantees ? We only do business with the most reputable and well-established sub-contractors. In addition, we use our considerable experience and local knowledge to offer you only the very best and latest material and construction techniques. All new properties we build carry a minimum 12 months defects guarantee & 10 year structural guarantee, however properties are actually guaranteed for life! We invite you to an inspection viewing to any of our building sites to illustrate our building philosophy. How do I finance my chosen Cyprus property? Financing your property can be done by either arranging a housing loan from a bank based in Cyprus or by using capital from home. Interest rates can vary depending on where and for how long the loan is required, although an interest rate of between 4% and 5% is typical. Mortgages are available in foreign currency as well at lower rates. For more information click here... What is the Cyprus Property Delivery Proceedure? A delivery notification letter goes to the client in order to know officially when the delivery time begins and ends for a specific project  click here...   What abuot renting out my new Cyprus property? You will be renting to people mainly from Western Europe which will give you a large rental market! Not only that, but the season in Cyprus is very long and stretches from April until November. The winter season is also very popular because of the fantastic climate. In short this means that you will have a year round market for rentals. Within Giovani we don’t worry about renting. Let our chosen Cyprus property rental specialsts villas2let.com.cy to do everything for you. For more information click here...

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