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...
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