What type of properties can you find in Cyprus?

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 citizen or a non-national living within its cities, Cyprus makes it easy for everyone to buy and own landed properties within its shores.

When it comes to property purchase in Cyprus there are no limitations or restrictions to the size and cost of the property you are allowed to purchase as an adult citizen. As long as you have the financial capacity to buy the property, you can go right ahead and acquire it for yourself. But, you can’t just go out to anyone for your building purchase; it may expose you to real estate pitfalls. We recommend that you hire a lawyer and approach the right estate agents when you need to buy a Cypriot property.

Properties to consider in Cyprus 

Buying properties in Cyprus can be somewhat overwhelming, as there are many beautiful properties scattered across the country. These properties range from residential buildings to commercial complexes and industrial structures. Popular variants include;

  1. Villas

Villas have two floors. In Cyprus, most villas come outfitted with a private swimming pool and the living area ranges from 2 bedrooms to 5 bedrooms. You’ll find many beautiful villas in the- towns and villages in Cyprus, all at a price that won’t break the bank.

  1. Apartments 

Cyrus is a great place to buy an apartment without having to build your own landed property. You can buy a 1 bedroom, 2 bedrooms, or 3-bedroom apartment as a single unit in a building complex.

  1. Bungalows

Bungalows are single-entity residential homes. Instead of a second floor, the first floor is sheltered by a roof. When you buy such buildings the responsibility for the utilities and amenities will be yours to bear.

  1. Commercial building complexes

As the name implies, commercial building complexes are large buildings incorporating several housing units or offices. You sell each unit in the complex or put the units out for rent.

  1. Land

You’ll find plenty of land in Cyprus. Depending on your needs, you can get lands in villages, towns, residential areas, or commercial areas.

  1. Vacation homes

Cyprus is an island country and the premier destination for people who are looking to buy vacation homes. In Cyprus, you’ll find all sorts of vacation homes, some overlooking the sea, beach, and the beautiful mountains enveloping the city of Troodos.

  1. Hotels

Though rare, you can find hotels being put up for sale in Cyprus.

  1. Industrial Buildings 

Industrial buildings are another property choice you can consider in Cyprus and its encompassing states.

Conclusion

When it comes to property types in Cyprus, the choices are vast. So make sure you buy from the right source.

 

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Christos Nikolaou

Author: Christos Nikolaou

BEng Mechanical Engineering, MSc Real Estate, ETEK Property Valuer, Register and Licensed Real Estate Agent.

Christos Nikolaou is the founder and Managing Director of Property Canvas, he holds a license as an Estate Agent from the Association of Real Estate Agents of Cyprus and he is a registered Property Valuer in the Technical and Scientific Chamber of Cyprus (ETEK). He is the author of our “What type of properties can you find in Cyprus?” and is a certified advance negotiator.

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