CYPRUS REAL ESTATE MARKET – YEAR TO DATE REPORT (JAN-APR 2020)

CYPRUS REAL ESTATE MARKET – YEAR TO DATE REPORT (JAN-APR 2020)

Covid-19 has wreaked havoc in global capital and real estate markets since the beginning of this year, and Cyprus has been no exception. Since March 9 when the first infection was reported, the total number of cases has steadily increased to over 900. The country, so far, has fared much better than many of its neighboring Middle Eastern countries, thanks to the mobility restric...
Costs when selling a property

Costs when selling a property

There are several costs you need to consider before selling your property. Here we will discuss shortly with an easy to follow example what are the main costs.  Your costs usually are: Estate Agent Fee Solicitor Fee Capital Gain Tax (CGT, if applicable) Any outstanding fees (e.g. government, communal fees, electricity, rubbish, etc) Quick example of CGT. ...
When should you launch your property onto the market?

When should you launch your property onto the market?

THE PROPERTY SHOULD BE LAUNCHED ONTO THE MARKET AND THE DETAILS UPLOADED TO ALL THE MAJOR PROPERTY PORTALS. AT ANY ONE TIME, THERE WILL BE A POOL OF BUYERS LOOKING TO BUY A PROPERTY JUST LIKE YOURS. The important thing here is to make sure that the estate agents are using the same marketing price and all the necessary details that describe your property. The demand is there. ...
How should you price your property

How should you price your property

Agree on a ‘marketing price’ (NOTE: marketing price, not asking price or valuation figure). This should be based on factual market evidence and not simply be the price you’d prefer. It’s important to remember that the purpose of a marketing price is only to attract maximum interest. It has no relevance to the true value of a property. In fact, the wrong...
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 ...
Residency permits in Cyprus for European Union Citizens and their family members. Cyprus Yellow Slip

Residency permits in Cyprus for European Union Citizens and their family members. Cyprus Yellow Slip

All nationals of the Member States of the European Union have the right to move freely within the European Union and to enter and reside in any EU Member State. This right to freedom of movement is guaranteed by Article 21 of the Treaty on the Functioning of the EU (TFEU). EU and EEA Citizens entering Cyprus to work or stay or remain as visitors for more than 3 months on the i...
Properties without Title Deeds

Properties without Title Deeds

Should you purchase a property without Title Deeds? In order to answer this questions lets first look at what is Title Deeds in Cyprus and how you can get one. Title Deeds or “The Certificate of Registration of Immovable property” is a formal document issued by the Land Registry of the Republic of Cyprus which indicates the legal owner of a property, among with oth...
Sell your property fast and at the highest price

Sell your property fast and at the highest price

Are you looking to sell your property in Paphos? Download our free guide below which will guide you to understand how to sell your property achieving the highest possible price in a reasonable time frame. ...
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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