Guide to buying property in Cyprus
Buying
a property in Cyprus is very easy and the choices available
are almost endless. I've seen properties advertised from 25,000 for a small
studio apartment to more than 4,000,000 for a luxurious Cyprus villa set in
acres of land on the outskirts of Nicosia. You’ll have no problems finding
a property and no difficulties finding someone eager & willing to sell it to you.
Some people visiting Cyprus, fall love with the place and immediately go on a property buying spree. Many of them fail to appreciate that taking a holiday in Cyprus and making the island their permanent home are two completely different things.
Second only to not taking independent legal advice, the most common mistake people make when buying a permanent home in Cyprus is to buy in a tourist rather than a residential area. They discover too late that their neighbours are often noisy & constantly changing; they have no facilities nearby and find it difficult to make permanent friends. Many sell their first property after a year or two and move to a residential area. To avoid making the same mistake yourself, don’t rush into buying property in Cyprus!
Your property buying options
As well as deciding where you want to live in Cyprus, you need to decide what type of property you want.
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If you're wanting something new, buying a property off plan from a developer is very popular, particularly if you are not too concerned over its design.
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If you want to take delivery as soon as possible, buying a resale property is the option you should consider.
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Or perhaps you want a traditional village house and are thinking of buying an old Cyprus property to renovate.
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If you're buying a home and have strong thoughts & ideas about its design, and are prepared to put in the time & effort to get exactly what you want, then buying a custom property is the option you need to explore; but of course, you'll need to buy land on which to build it.
You'll find more information on each of these property buying options by following the links on the left of this page.
Whichever approach to buying a property in Cyprus you take, be sure to read my 'Essential Legal Advice' section which applies to all of the options above.