Tuesday, August 26, 2008

The Seashore Protection Zone Is Independent Of The Town Planning Zones

Category: Finance.

It is usual for developers to give credit terms of payment when selling these flats.



During construction- 1/ 3 of the total value. Terms vary from developer to developer but commonly these are as follows: on signing the sale agreement- 1/ 3 of the total value. The balance over a period of 2 to 3 years. This is so, since your plot may be within an agricultural area but a few feet away there may be another zone, say industrial or animal farming, which will create nuisance to your property. In most cases interest is charged at the rate of 9 per cent per annum as from the date the purchaser takes delivery of the apartment. (i. e. completion) Furthermore, it is not sufficient to merely check the zone of the property under consideration but one should also check the zone of the neighbourhood in general. If an area is not subject to zoning, it is best to consult an expert or even pay a visit to the Planning Office and consult, the officers on, unofficially their views on the possible planning use of the area under consideration. It is a zone which extends from the sea and it usually( but not always) has a width of approximately 300 feet.


The seashore protection zone is independent of the town planning zones. Within this zone no building can be allowed, even a small hut, ice cream shed or a swimming pool. If a plot of land is classified as an ancient monument area, the Director s approval must first be sought. When there are ancient monuments close to your plot, be careful to examine whether the Director of Antiquities has any objections to a building project. The main developers in Cyprus tend to look after their own after sales, so your first point of call would most likely be direct to them whether it s to have alterations or to highlight any problems with the property itself. As we only work with the most prestigious companies on the island, you ll find most of these offering in- house property maintenance services from gardening to pool maintenance, regular cleaning to ad hoc visits. That said, we do have a wealth of experience in after sales and can act upon your behalf should things not get resolved to your satisfaction.


If they don t offer the service you require themselves, they will certainly put you in touch with a reputable company near to your property, ensuring they are best placed to keep an eye on it for you. A more serious consideration however is section 4A of the Streets and Buildings Regulations. In these circumstances, promises and the willingness of locals to help may meet the Authority s objections. This amendment of the Law states that, no building permit, in certain cases will be granted to plots of land which are the result of field subdivision. Therefore, the derivation of the site s title must be examined and verified by the District Lands Office.

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