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When Buying property Cyprus is a Country to Think About

If you’re thinking of buying property, Cyprus has a lot to offer. Of course the wonderful climate is one of the first aspects that people think about, but there is also the mellow way of life, the warm sea to swim in, the healthy foods, the rustic landscape and the welcoming people. There are direct flights from the UK to Cyprus and many ‘mod cons’ that people have grown used to in the UK are also available in Cyprus, such as air con and satellite TV so ex-pats can still get their weekly fix of Coronation Street!

Buying property in Cyprus could be a great investment, especially for those who want a holiday home or an investment property. However, you have to keep in mind if you’re buying an investment property in Cyprus for a rental income; the holiday season is fairly short which is from May to September. From the end of October to April the whole area is virtually closed. However, general apartments and houses for sale still offer overseas investors attractive opportunities because the market is booming and the price of land is still increasing.

While buying property in Cyprus is an attractive option, there are certain legal and other procedural aspects, which need to be kept in mind;

Loans and Mortgages

You can easily obtain a mortgage from local banks when you are buying property. Cyprus has a few banks to choose from however, it is advisable that you choose the bank that is already financing or backing a developers’ project, since the bank has already concluded the project is worthy. On the other hand, if you try another bank, independent of the developer, you will have to pay a bank guarantee which will be 1.5% to 1.8% of the value of the property annually until you get the title deeds.

If you opt for paying the money in stages, especially for a new property, you should use a finance specialist in place of a local bank as it could save you thousands of pounds when you arrange the transfer.

Legal Procedures When Buying Property

The legal system in Cyprus is based primarily on the British system and safeguards the buyers’ rights in many ways. For the buyers’ protection, once the sales contract has been signed and a deposit paid, the Land Registry in Cyprus provides a simple and effective legal instrument called the ’Specific Performance’. This procedure protects the purchaser’s ownership rights until the title deeds are issued in their name. The contract cannot be withdrawn by anyone and therefore the property cannot be mortgaged, leased, sold or transferred. This status can only be changed by the purchaser.

To handle the legal issues an English speaking lawyer should be appointed and if you’re buying a new build in Cyprus, ensure the lawyer is not concerned with any aspect of the property development so that conflict of interest does not arise. The fees of the lawyer are generally 1% of the property price.

Taxes

Stamp Duty: a one-off stamp duty is levied on the purchase of property in Cyprus. The rates depend on the contractual purchase price and payment is due within thirty days of signing the Sale Agreement. The amount is payable by the buyer to the tax authorities.

Council Tax: is paid annually and is considerably cheaper than in the UK.

Transfer Tax: the purchaser will be liable to pay transfer tax for the property when the property is registered in their name at the Land Registry Office. The fees are charged on the property’s market value at the date of purchase.

In conclusion, buying a property in Cyprus is fairly straightforward, and Cyprus also has a lot to offer both holiday home purchases and property investors alike.

Richard Flatt wrote the Article ‘When Buying property Cyprus is a Country to Think About’ and recommends you visit http://www.homesoverseas.co.uk/articles/buying-property-in-cyprus/14769 for more information on buy property in Cyprus.

When Buying property Cyprus is a Country to Think About / Author: richardflatt

Storing belongings in a Self Storage unit

Are you moving home? Is your new home not ready? Are you relocating abroad? Or can you not get your car in the garage? This list could go on and on but all of these situations thankfully have one very simple solution; get yourself to a self storage company and rent a unit to house anything and everything that currently has no home.

Over the past few years the UK has seen a massive increase in the amount of self storage companies that now exist and the UK is now the leader within Europe when it comes to self storage. The UK currently has around 600 chains of self storage companies located around the country, meaning everyone can have access to these rented units when they need them. Most, if not all of us will probably need some extra space at some point within our lives so thankfully these storage units come in a variety of different sizes allowing you to be able to store anything that you need to.

As well as reasons such as you are moving home or you are re-decorating you may also need the help of a self storage unit for more social factors such as the sad news of a divorce. Another frequent customer is the student looking to store belongings in between terms. Whatever your reason, it is easy to see why many more customers might be calling upon the services of storage facilities in the near future. Storage facilities offer a flexible, secure and cost effective solution when you wish to create a little extra space in the home. The bigger more reputable storage companies will also tend to offer a whole range of useful items such as packaging, removal boxes and bubble wrap or van hire, to provide an all-round solution to all household, business and student storage needs.

When you come across a self storage unit you may hear terms such a domestic storage and document storage. These are the different options open to within your storage solution and depending on what you want to store depends on which of these you use. If you wish to store things such as furniture, gardening tools and aspects such as house furnishings then you will need to use a domestic storage solution. If you need to store things such as files, papers and reports then you will need document storage. Both of these solutions have the up-most security with intruder alarms, CCTV footage and you will be the only person who will gain access to your storage unit. You are able to use said storage units for as long as you need to; this may simply be a week or it may be months, the choice is yours, you just simple pay for however long you are using the unit for.

Some of the self storage companies that are around also offer extra features when you are using them such as a removal company. This is used if you need help with moving your household possessions and personal belongings into the storage unit.

So if you are struggling for space its time you started considering the benefits that are on offer to you from self storage companies.

Helen is the web master of Keep Safe Self Storage, specialists in all aspects of Self Storage, which covers all of your Domestic Storage needs.

Storing belongings in a Self Storage unit / Author: Helen

Using Self Storage in Halifax

Halifax is located within West Yorkshire and lies between Huddersfield and Bradford. As well as this it is also around half an hours drive from Leeds. It is said that there are a lot of hidden treasures in the town of Halifax such as its unique blend of some of the best architecture and its backdrop of hills.

Halifax has many attractions such as The Piece Hall, which opened on 1st January 1779 and was built as a place for weavers. It is now home to 40 unique shops and has a year round events programme. As well as The Piece hall, Halifax is also home to Square Chapel, Centre for Arts. This is classed as one of the greatest buildings in West Yorkshire and is the last square Church in Britain. One last example of the attractions available within Halifax is the ski and snowboard centre. This is home to a ski slope, public house and restaurant as well as a function room.

Halifax has a lot a places to visit and attractions to see, this can be said whether you are a visitor or a resident of the town. More and more people are also now moving to this area of the UK and due to the time of year many people are now re-decorating. It is situations like this that makes having access to a self storage company in Halifax vital.

It is estimated that the majority of us will need the help of a self storage company at some point within our lives. We all need a little bit of extra space for our belongings from time to time and it is because of this that there are now around 600 self storage companies located within the UK. In recent years the self storage market has grown considerably and the UK is now the largest and most established within Europe.

The space that you rent from these self storage companies are known as units and they are secured by your own lock or security code provided by the company. You are the only person who will have access to your storage unit; facility operators do not have casual access to the contents of your unit. They will never take possession, care, custody or control of the contents of the storage rental space.

The rented unit that you will be using to house your belongings can come in a variety of sizes up to the size of a room whatever you intend to store you can, you merely select a unit that is the best fit for your things. They will also come with climate control, 24hr intruder alarms, 24hr CCTV and fire safety precautions so that at all times you know that your household possessions and personal belongings are being taken care of.

Most self storage companies offer you two types of storage; domestic and document. The domestic option should be used if you are storing aspects such as household items and personal belongings. The document option should be used if you need a place to keep important records.

From this you can clearly see that using a self storage company is a safe and secure way of looking after belongings that you simply don’t have room for at the moment so if you are in this situation contact a storage company today for the perfect solution.

Helen is the web master of Keep Safe Self Storage who specialise in all areas of Self Storage and are located within the Halifax, area.

Using Self Storage in Halifax / Author: Helen