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...
6 costly mistakes to avoid when purchasing a property in Cyprus

6 costly mistakes to avoid when purchasing 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 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 obligat...
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