Investing in property is a big decision, requiring a number of steps and calculations to verify the purchase before it is finalised. Thus, when buying a home or land, it is essential to review one’s finances to determine a reasonable down payment and monthly instalment plan.
Strong financial fundamentals, a stable monthly income, balanced monthly spending, as well as a good credit history rating can all be important factors in acquiring a loan with favourable terms. P.Harakis Ltd will assist you with organising the financing of your investment through its ties with leading lenders to ensure you have the correct loan scheme for your needs.
During the credit crunch affecting the Cypriot economy from 2010-2014, our company assessed the credit worthiness of customers and, in qualifying cases, directly financed those purchases. We continue to offer such services today for select properties.
The legal process of purchasing real estate can be lengthy and stressful. P. Harakis is able to provide you with expert legal guidance from our in house team or, for your added comfort, we can refer you to established external law firms that specialize in real estate advisory work.
P.Harakis will ensure a smooth closing to your transaction. We will make arrangements for the payment of transactional duties and tariffs and file the application to transfer and register the property in your name at the Land Registry. Set your mind at rest and know that your purchase will be processed efficiently and smoothly.
We provide advice on investment packages, particularly in regards to citizenship schemes for non-EU nationals. Subscribers may decide to invest in a combination of business equity, financial assets and real estate to qualify as applicants under the scheme.
P.Harakis, in collaboration with the Merit Group, performs financial feasibility studies on projects to determine future returns and assess investment viability. These studies are not only quantitative but also qualitative: a feasibility study can be crucial in evaluating the practicality and success rate of a proposed project. We will highlight the primary issues and implications of any project in all key business areas.
A feasibility study can help forecast and assess organizational, financial and marketing concerns as well as technical setbacks. If you have a development concept and are looking to launch a joint venture with a land-rich equity partner, come speak with us.
P.Harakis has an extensive portfolio of land reserves in the Cypriot cities, primarily Limassol, as well as a portfolio of completed projects available to purchase. We offer you the full flexibility to choose your ideal location and lifestyle.
Additionally, P.Harakis is able to develop and customise your property according to your needs. Whether it is a plot, house or a flat, we can offer it to you tailored specifically to your requirements.