Developers

Cyprus can boast on the standard of its developers. There are quite a large number of local contractors and developers who have activities also outside Cyprus and their size / nature classifies them as one of the largest companies in the world. Buying property from such companies is an added guarantee, not only of having your holiday home delivered on time and of the envisaged quality, but also you will realise various fringe benefits, i.e. letting, maintenance, issue of titles etc. Of course having said that, it does not mean that all the smaller developers are not good. Because development in the island, however, is like a national sport, with people and companies of all backgrounds engaging in such ventures, it is highly recommended that, before committing yourself. you ask the developer certain simple questions. Questions could be on what projects he has completed before, the number of his staff the name of his banker, if he is the freeholder of the land  on which the property is erected, whether he has received a building permit for the project, whether the unit for sale has a title deed etc. Ask for a set of specifications and list of fixtures included in the price, the size of the plot, the size of the flat etc.