Buying Off Plan

Buying Off Plan

The island’s property market is experiencing a period of high demand and there isn’t sufficient housing stock to meet that demand. Many people are wary of buying off plan because of well publicised problems in other countries, such as Spain. However, it’s relatively trouble-free in Cyprus and there may be no alternative if you wish to buy a home in a popular a...
Buying a house step by step

Buying a house step by step

Cyprus land law and UK land law and the associated procedures aren’t the same. It’s wise to employ the services of a recommended local lawyer even before you find a property and always before paying any money. This way you can familiarise yourself with procedures and seek general advice to bear in mind while you’re house-hunting. Holding Deposit In many case...
An introduction to buying property in Cyprus

An introduction to buying property in Cyprus

The island has always been a popular location with British buyers, especially retirees, and almost 30,000 of them own homes there, a further 10,000 choosing to rent properties. However, estate agents are now seeing an increased demand from younger people with young families who want to work or start a business. Those who have lived in Cyprus for many years and been used to a s...
6 costly mistakes to avoid when buying a property in Cyprus

6 costly mistakes to avoid when buying a property in Cyprus

Curious of mistakes to avoid when buying a property in Cyprus? The aim when looking to buy a property in Cyprus is not only to find your dream property but at the same time being able to secure it at the best possible price. Things to bear in mind: It is important that one expert estate agent - who you can contact easily - is handling your sale from start to finish. They w...
Mistakes to Avoid when Buying a Property in Cyprus - Part 1

Mistakes to Avoid when Buying a Property in Cyprus - Part 1

USING AN UNREGISTERED & UNLICENSED ESTATE AGENT Just a decade ago, Cyprus was inundated with unlicensed agents taking part in illegal and illicit property deals. These days, the government has introduced a range of legislation to ensure that home buyers, sellers, and renters are properly protected. This led to the demand for licensed estate agents – with the obligat...
Mistakes to Avoid when Buying a Property in Cyprus - Part 2

Mistakes to Avoid when Buying a Property in Cyprus - Part 2

USING AN UNKNOWLEDGEABLE AGENT Not all estate agents are made equal. Even though all licensed agents have a basic understanding of the law, not everyone is up to date with current or new legislation coming into force or really understand the dynamics of the market. Thus, do not be afraid to challenge them about the overall conditions of the market; including what new legislati...
Mistakes to Avoid when Buying a Property in Cyprus - Part 3

Mistakes to Avoid when Buying a Property in Cyprus - Part 3

VIEWING PROPERTIES WITHOUT TITLE DEEDS Even though this might be a bit of a shock, not all properties in Cyprus have Title Deeds. The Title Deed issue is well documented in Cyprus. The reality is that once you buy a new build it might need some time (usually 3-4 years) to get the official title deed if everything was done under Planning Department guidelines. If there are iss...
Mistakes to avoid when buying a property in Cyprus - Part 4

Mistakes to avoid when buying a property in Cyprus - Part 4

USING AN AGENT WITHOUT CONNECTIONS The way the Cyprus property market works is completely different to other countries (e.g. UK, Germany, Russia). The majority of listings are multi-agency based which means that a well-connected and knowledgeable agent will have access to pretty much all the listings currently available in the market. Well-connected agents might not have all...
Mistakes to avoid when buying a property in Cyprus - Part 5

Mistakes to avoid when buying a property in Cyprus - Part 5

GOING FOR THE FULL ASKING PRICE Hopes and dreams, estate agent targets, economic conditions, supply and demand can all affect that guide price. You as a buyer need to be price savvy because if that property purchase is going to be used as a holiday home or for a permanent home you have to make sure you pay a realistic price, and not an inflated one. If you are looking for an...
Mistakes to avoid when buying a property in Cyprus - Part 6

Mistakes to avoid when buying a property in Cyprus - Part 6

NOT USING A LAWYER OR USING AN UNRELIABLE LAWYER It might be a costly mistake avoiding the fee of a lawyer. Your lawyer will be responsible to take the following steps to make sure that the property you are buying is free of any mortgages or any other form of encumbrances and can be transferred in your name as soon as possible. Your lawyer should: Make sure that the vendor...
6 costly mistakes to avoid when buying a property in Cyprus

6 costly mistakes to avoid when buying a property in Cyprus

USING AN UNREGISTERED & UNLICENSED ESTATE AGENT Just a decade ago, Cyprus was inundated with unlicensed agents taking part in illegal and illicit real estate deals. These days, the government has introduced a range of legislation to ensure that home buyers, sellers, and renters are properly protected. This led to the demand for licensed estate agents – with the obli...
Cyprus Property Market 2019 - Buying a property in Paphos

Cyprus Property Market 2019 - Buying a property in Paphos

Cyprus property roundup – buying property in PAPHOS Buyers from all over the world are beginning to show increasing interest in purchasing properties in Cyprus, and it will be a wise decision for you to follow suit by making Cyprus your preferred destination for purchasing properties in 2019. Here are some reasons why buying property in Cyprus is ideal – G...
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