Selling land in Larnaca can seem like a complicated process. However, in this article we have tried to make it as simple as possible in order to help you understand the procedure and what you will need to consider.
Selling Land in Larnaca: The Price
When selling land in Larnaca there are some factors you will have to consider such as:
- Market value
- Comparable sales
- Market conditions
If you attempt to set the price of the land too high then buyers will never consider the purchase, it is very similar to selling a property in this sense. However, be aware not to set it too low and leave yourself out of pocket. Setting the right price may mean your land takes longer to sell but it will be worth it rather than getting rid of it quickly for barely any price at all.
To gauge the right price, you will need to investigate similar lands in the area. After all, a potential buyer will also be looking at your competitors.
What Do You Need to Provide?
Selling land in Larnaca means you will need to provide certain documents. Here is a list of what will be ask of you.
- A copy of the Title Deed to show evidence that you are the lawful owner of the land.
- Evidence of the plot size.
- A copy of the Land’s Office Site Plan.
- The site Plan that shows all the boundaries and roads surrounding the land.
- Documents to show whether there is access to water and electricity.
- Information regarding the use of the land. E.g. commercial or residential use.