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Cyprus Eastern Forum Index » Ask Nigel A Question » Share of the land
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Share of the land 
Post: #1   PostPosted: Thu Feb 21, 2019 2:27 pm Reply with quote
pigeonman
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Hi nigel.Can you tell me how i can obtain a share of the land.We have an SNK property and wish to sell.Ive spoken to the Bank of Cyprus and they have no interest in our property as we paid in full but its stopping people wanting to buy.Also do you know if theres anything in the pipeline about the Trapped Buyers Law .Thankyou
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Post: #2   PostPosted: Thu Feb 21, 2019 6:28 pm Reply with quote
nhowarth
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Hi pigeonman

You'll need to speak to whoever owns the property and ask them to arrange issuing a Title Deed showing you own a share in the land.

Ideally the development needs to be inspected and issued with an Approval Certificate by the planning department, the land needs to be sub-divided into plots and Title Deeds issued for each of the properties.

As far as I'm aware no further progress on the Trapped Buyers law. I guess you have seen my article -
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Regards,

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Post: #3   PostPosted: Thu Feb 21, 2019 7:37 pm Reply with quote
pigeonman
Joined: 05 Mar 2012
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[quote="nhowarth"]Hi pigeonman

You'll need to speak to whoever owns the property and ask them to arrange issuing a Title Deed showing you own a share in the land.

Ideally the development needs to be inspected and issued with an Approval Certificate by the planning department, the land needs to be sub-divided into plots and Title Deeds issued for each of the properties.

As far as I'm aware no further progress on the Trapped Buyers law. I guess you have seen my article - [url=http://www.news.cyprus-property-buyers.com/2019/02/08/trapped-buyers-banks-mercy/id=00155372]Trapped buyers still at banks’ mercy[/url].

Regards,[/quote]Thankyou Nigel .I dont think theres much chance of that.Only the first division has been agreed in 12 years.Theres a mortgage on the land by SNK aswell.
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Post: #4   PostPosted: Fri Feb 22, 2019 5:26 am Reply with quote
nhowarth
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pigeonman wrote:
Theres a mortgage on the land by SNK aswell.


If the bank has said it has no interest in the property, the SNK mortgage shouldn't affect you.

Regards,

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Nigel Howarth
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Post: #5   PostPosted: Fri Feb 22, 2019 1:54 pm Reply with quote
pigeonman
Joined: 05 Mar 2012
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[quote="nhowarth"][quote="pigeonman"]Theres a mortgage on the land by SNK aswell.[/quote]

If the bank has said it has no interest in the property, the SNK mortgage shouldn't affect you.

Regards,[/quote]thankyou Nigel
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Share of the land 
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