Reservation (Holding) Deposit in Cyprus

Reservation (Holding) Deposit in Cyprus

Looking to buy or rent an apartment in Cyprus? If yes, then you’ll most likely need to hold the property down with a deposit. Properties are in high demand in Cyprus and to show the owner/landlord that you are serious about the purchase or rental, you have to make a financial commitment before the sale/rent agreement is finalized. With regards to rentals in Cyprus, the am...
13 mistakes to avoid when negotiating

13 mistakes to avoid when negotiating

Are You thinking of making an offer to purchase a property? Here we will discuss the 13 mistakes that you should be aware so you will maximise your leverage. Without any further due: Decide (BEFORE you start negotiations) how much you are PREPARED to pay Create a plan around that top figure. Assuming your first 2 offers will be rejected. Taking into account how long...
Why you should use a registered real estate agent

Why you should use a registered real 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 obligation being that each agent and company possesses profe...
Buying property in Cyprus and visiting post Brexit

Buying property in Cyprus and visiting post Brexit

When the Brexit transition period came to an end on 1st January 2021, UK citizens became “third country” nationals; a generic term describing non-EU member states. Cyprus (particularly Paphos) is a hot-spot for Brits seeking a second home in the sun. But now, as third country nationals, what Brits are permitted to purchase and the process of owning a property have ...
6 Things to know before buying in Cyprus

6 Things to know before buying in Cyprus

Purchasing a property in a foreign country is a big decision. Hence it is prudent to think twice before committing into an overseas property. Here we will discuss 8 things to have in mind before purchasing a property in Cyprus. Research the market It would be wise to speak with a couple of property related professionals rather trusting the saying of just one agent/develo...
Is Buying Property in Cyprus a Good Investment?

Is Buying Property in Cyprus a Good Investment?

If you started looking at purchasing an overseas property this is a question you might find yourself asking and is a valid and important question, which has a lot to do with your finances and economic status. It is very easy to just jump into risky decisions such as buying a property hoping it can yield financial profit without really finding out or knowing the pros and cons th...
WHERE IS THE CHEAPEST PROPERTY IN CYPRUS?

WHERE IS THE CHEAPEST PROPERTY IN CYPRUS?

Buyers of different categories are interested in purchasing extremely cheap properties in Cyprus. The first one is of people that would love to live in their homes overseas, or what we commonly say holiday homes. The second category includes non-residents and citizens of the country who want to make profitable investments. These profitable investments are to rent out housing or...
BUYER’S GUIDE - PURCHASING PROCESS IN CYPRUS

BUYER’S GUIDE - PURCHASING PROCESS IN CYPRUS

So you came into the decision of purchasing this lovely holiday home you ever dream of in the coastal area of Paphos, or even better move permanently in the sunny island of Cyprus. What are the next steps when it comes buying a property in Cyprus? Here we have split the purchasing process into bit-size steps in order to be more understandable for overseas and local buyers....
Can Foreigners Buy Property In Cyprus?

Can Foreigners Buy Property In Cyprus?

European Union nationals can purchase properties in Cyprus with little or no restrictions. However, it is different with non-EU nationals or foreigners as you may choose to call them. They are only permitted to purchase about one acre of land or just one apartment or house. Usually, foreigners travel to other countries for various purposes. It could be for leisure, business, sc...
How much does it cost to buy a house in Cyprus

How much does it cost to buy a house in Cyprus

Have you ever thought or imagined living on a beautiful island like Cyprus? Have you ever imagined what it would feel like living in a city close to the Mediterranean sea, home to historical events, forests, hills, rocks, and even waterfalls? Cyprus is the island you should be thinking of. Cyprus is a country located in the continent of Europe. It is officially called the Repu...
Can I Afford to Live in Cyprus?

Can I Afford to Live in Cyprus?

Have you heard of the island called Cyprus? Have you ever wondered what life would be like to live on such an historic beautiful island? Have you ever dreamed of being a resident of this country? Do you need to know more about this country and how you can become a resident and manage the cost of living? This article is right for you. The following topics would be discussed: ...
How Much Does It Cost To Buy A House In Cyprus

How Much Does It Cost To Buy A House In Cyprus

Property Pricing In Cyprus Cyprus has been long known to have a flourishing real estate and property market since joining the EU in 2004. Foreigners have always been attracted to Cyprus because of the relatively low of property as opposed to other EU countries. It is still the same, although the prices of housing have increased over the years. Still, the pricing of property in...
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