You can refer to Chris Michael at http://www.chris-michaelcyprusproperty.com or to Marinos at http://www.marinoscyprusproperty.com
General
Nowadays the world population is growing rapidly and so is the demand for land.
The need for land is not limited to the residential sector; it occurs in the
agricultural, industrial, commercial and tourist sectors as well. Land is a
finite material and therefore its value worldwide is constantly increasing.
This increase in value is aggravated by inflation and by the instability of the
monetary systems and fiscal policies of the countries that lead the race in the
financial field, thus making investment in the safer sector of immovable
property more attractive. The great technological progress in communication,
transportation and international trading has made investment in this field
easier and more accessible than in the past.
Man's affinity with the land stems from time immemorial and it is easy to
understand why land has always been considered as one of the most precious
commodities, closely connected with social and economic stability and progress,
and why the various legal systems have always tried to regulate in detail the
rights of possession, occupation and ownership of immovable property.
Cyprus is no exception to the rule. The economic and social evolution that has
taken place in recent years and the sophisticated methods of cultivation and
industrialization, together with the absence of alternative forms of investment,
have diverted capital both from home and abroad to land ownership and land
transactions.
This trend has necessitated the establishment of a suitable legal framework
whilst allowing the involvement of Cyprus in the international land market,
protects the social, economic, agricultural and industrial interests of the
island and its people.
Cyprus has achieved this task. Despite its troubled history, it has managed to
develop a constructive legal system for immovable property that is as efficient
as similar systems in other advanced countries. It is operated through a series
of laws which are regularly amended to meet everyday demands and balance
conflicting interests in this vital sector of the economy.
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