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...
LOOKING TO SELL YOUR PROPERTY IN PAPHOS IN 2019? - PART 1

LOOKING TO SELL YOUR PROPERTY IN PAPHOS IN 2019? - PART 1

HERE WE WILL GUIDE YOU TO UNDERSTAND HOW TO SELL YOUR PROPERTY IN PAPHOS AS SEAMLESSLY AS POSSIBLE FOR A VERY GOOD PRICE WITHIN A SHORT TIME FRAME. Of course, everyone shares a connection with their home which is almost like an extension of their personality, tastes, and values. Most times, selling a home can be a difficult thing to do; however, it can be rewarding when you f...
LOOKING TO SELL YOUR PROPERTY IN PAPHOS IN 2019? - PART 2

LOOKING TO SELL YOUR PROPERTY IN PAPHOS IN 2019? - PART 2

THE LISTING AGREEMENT This refers to an agreement with the real estate expert which describes your property and the terms for marketing it. Here, you are giving the real estate agency your permission to market your property on which the duties of both parties are agreed along with advert fees which are to be paid on completion based on what the sale price is. ADVERTISING YOUR...
LOOKING TO SELL YOUR PROPERTY IN PAPHOS IN 2019? - PART 3

LOOKING TO SELL YOUR PROPERTY IN PAPHOS IN 2019? - PART 3

BONUS -  FOR PROPERTY BUYERS IN PAPHOS, HERE'S WHAT THE LEGAL PROCESS ENTAILS Popularly known as UNESCO's World Heritage town, the beautiful Paphos lies on Cyprus' southwestern coast. This location is very popular for being a favorite spot for British residents, as well as, tourists. It is definitely one of the favorite places you would want to reside if yo...
How Brexit Is Affecting Purchasing A Property In Cyprus - Part 1

How Brexit Is Affecting Purchasing A Property In Cyprus - Part 1

In this four (4) part series we will explore how Brexit has affected the Cyprus property market immediatly after the Referendum, what effect will a Deal or No Deal have and what is the current situation. In this article some general discussion about the Brexit and the ties of Cyprus with UK will be discussed. How Brexit Is Affecting Purchasing A Property In Cyprus Right befo...
How Brexit Is Affecting Purchasing A Property In Cyprus - Part 2

How Brexit Is Affecting Purchasing A Property In Cyprus - Part 2

IN THE SECOND Part of our FOUR (4) PART SERIES WE are exploring how brexit affected the real estate market in cyprus immediately after the referendum.  How Brexit Affected The Real Estate Market In Cyprus Immediately After The Referendum About five months after the June 2016 referendum which saw UK nationals decide to leave the EU, Cyprus had just escaped a long economic...
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