As A General Rule, Electricity Can Be Brought To Any Place In Cyprus Provided One Is Prepared To Pay For It

Category: Finance.

As a general rule, electricity can be brought to any place in Cyprus provided one is prepared to pay for it. This is not true at all and it is best to examine the approximate electricity provision cost with the EAC District Officer.

Be careful, with the general, however belief that if there is an electricity line close to the property the cost of providing electricity will not be much. Telephone lines are a problem for out of built- up areas. Another factor which is also related to the price, is the payment terms. If one is needed at your" spot" , examine this possibility with the CYTA District Officer. A developer could be asking a high price for flats but he could be offering very attractive payment terms over a long period. When the building permit is issued works may begin.

Compare, not only the, therefore extent, quality etc. of a flat, but also the payment terms in order to ascertain who is offering you the best deal. 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. Developers usually offer two- storey villas with three to four bedrooms, living, with two bathrooms/ dining room and kitchen with breakfast area. 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. Often the option of a swimming pool is also given. Permission will be granted to company for the acquisition of property, provided that it is for its own use. Prices vary according to the location and area of land involved.

Offshore companies could therefore, acquire property within the above limits. Generally the permission will not be granted if the property is to be used for letting to others, commercial exploitation or speculation.

Read more...

No One Will Be Able To Run A Credit Check On You- Period - Debra Provenzano about Finance:

Thousand of people each day become the victim of identity theft.

The Supreme Advantages Of Secured Loans Are: Lower Payments Per Month - Finance Blog:

Whenever you re planning to go for a loan to fund a major expense, you ll always be faced with various loan options.

Finding A Good Property Foreclosure Bargain Requires A Careful Analysis Of The Real Estate Market - Antonia Codd's Finance blog:

Nowadays it s not uncommon for people to have trouble paying off their mortgage loans.