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№ 2,184,162
  1. Overseas property
  2. Cyprus
  3. Nicosia
  4. Development land
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Development land in Nicosia, Cyprus

171,000 €
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Description
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Location
Nicosia

Engomi Plots No. 31 is a building plot with title deeds for sale in Nicosia, the capital of Cyprus. The plot is close to all major city amenities such as malls, schools, universities and healthcare facilities.

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If this property wasn’t for you, take a look at other land for sale in Cyprus.

You can see more land for sale in Nicosia elsewhere on our website.

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    Enquiry

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    Meeting the partners

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    Offer selection

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    Viewing tour

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    Transaction closure

    Having chosen the best property, you will sign the sales or investment agreement (for development).

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    FAQs
    • Can I get a mortgage abroad?

      It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

    • How does the purchase procedure work?

      The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

    • Can a residence permit be obtained by buying property?

      In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain and Latvia offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Turkey passport by buying a property worth at least $400,000.

    • Who guarantees the transaction security?

      The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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