Monday, August 25, 2008

The Most Important Factor However Is Access

Category: Finance.

The most important factor however is access. Check the Lands and Surveys plan to see whether the property abuts onto a public access, as well as the nature of its boundaries( shown on the title deed) .



Do not be fooled by what is on the ground. The fact that the property abuts a public access does not necessarily mean that a building permit can be obtained based on this road access. It is important, to ascertain the, however square metres of which area you are paying for. Prices are usually quoted as pounds per sq. metre. Certain developers include part of the common areas( staircases, lifts etc) while others include the verandahs and so on. Check whether your neighbours keep any animals in their yard since if they do the smell may be unbearable.


If therefore, you are shopping around for the right price, make sure that you are comparing the same area. Check also the distance from the town, whether there is, the access a telephone service, the frequency of, the nearest doctor the local post etc. Your architect can advise you on this. Bear in mind that the cottage may be eligible for an improvement grant from the Government, if it is of historic interest. When the building permit is issued works may begin. Upon completion of the work your architect must submit drawings( as built) to the Appropriate Authority, if changes have been introduced, for the issue of a covering building permit. Try to avoid variations/ changes as these will give rise to claims on the part of the contractor which will mean a financial loss to you.


Such treaties combined with very favourable tax rates for international business entities in Cyprus open the doors to significant tax planning opportunities. The fact that Cyprus is not considered a tax haven but rather a country offering tempting tax incentives expels the distrust that international tax havens often arouse.

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