Property Canvas - Paphos Properties for sale and rent

Retiring in Paphos?

As retirement age approaches you, you begin to have different thoughts and considerations on where and how best to spend your retirement period. This is a question that most people still tend to need answers. A retirement period is a time for maximum relaxation and works free days. Therefore, how you spend your retirement period could also determine how your health would be. W...

Nationality of buyers in Cyprus

Cyprus is a lenient country when it comes to real estate laws forbidding non-nationals from purchasing properties within a province. The country’s leniency has attracted dozens and hundreds of international buyers from different facets of the world. This sudden rush to purchase landed properties in Cyprus comes as no surprise, as the country’s “Golden Citizens...

How long is the procedure for purchasing a property in Cyprus?

Property purchase in Cyprus is very straightforward procedure. How long it will take to complete a property purchase within its province will depend on many factors. Keep in mind that you’ll need to find the right building first before you can begin the purchasing process. All these processes take time, and if you don’t make quick strides it can translate to weeks, ...

Building your own property?

Is Cyprus a great place to build your own property? Yes, it is. if you want to build your first home or you are looking for a great place to spend your retirement or you want to build a vacation home for you and your loved ones, Cyprus offers a lot of options. But like every other sovereign state in the world, Cyprus is divided into zones and areas. Each one has a set of rules ...

Communal Fees in Cyprus

Do you own an apartment in a building complex in Cyrus? If you do, then you would have to pay communal fees. You’ll be required to pay these charges the moment you take delivery of your apartment. In case you are wondering why you should pay these fees, the fees are required by the management committee of the jointly-owned building for the up-keep, operations, and repairs...

What type of properties can you find in Cyprus?

Cyprus is a great place to get mouthwatering offers on real estate, and it provides a socio-friendly atmosphere where people can work and have fun without missing out on the good things of life. If you are looking for a great place to spend your retirement and enjoy a prosperous life with your family, Cyprus offers a lot of options. It doesn’t matter whether you are a cit...

Should You proceed with a buyer with a loan with a higher offer or one with cash with a slightly lower offer

The current market for property sales in Cyprus is a challenging one. The difficulty multiplies exponentially when you need to find the right buyer with the financial capacity to buy your property at the asking price or close to it. Not all buyers have the financial capacity to pay the full price for a property. In some cases, you may find buyers who are ready to pay a high pri...

Five Reasons to Live in Cyprus

ATTRACTIONS FOR OVERSEAS BUYERS RANGE FROM FISCAL BREAKS TO A RICH HISTORICAL BACKDROP The Republic of Cyprus gained independence from the UK in 1960 and, following invasion by Turkey in 1974, was divided between the Turkish north and Greek Cypriot south. The latter is run by the internationally recognised government of Cyprus, and today more than a fifth of its residents come...

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

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

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

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 ...