Does residency investment have to be buildings?
I am a non-EU citizen. Can I buy resale property instead of new development in Cyprus to get a temporary residence permit? Am I able to simply invest in vacant land without any building on it?
Yes you can buy resale property and get the residence permit subject to the general requirements as set out. Vacant land cannot form part of a visa requirement. The purchase of a residency of at least €300,000 is the minimum.
We have a house in a wooded area and we got a quotation for an all risks insurance. When we asked about bush fire insurance the company placed a condition that six meters outside our plot boundary should be kept clear of any vegetation. How can we do this since the adjacent properties do not belong to us?
Jess & Nanny K.
Ask the company to take out this condition which might cost you around ±€10 per year extra.
We were told by the District Officer that we cannot build on a plot of residential land since the abutting road is less than 4m wide – be it that along the same road there are several other houses developed. Is this logical and are we discriminated against?
Haris & Paula
The law has changed recently I am afraid and we have this sort of situation. You are not discriminated against but you might have a good case to discuss the access limitation with the District Office through your architect. This limitation refers to fields mind you and not for building plots.