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Cyprus Guide: Property

Buying a house is time-consuming, difficult and very expensive - especially if something goes wrong! Get your house search off to a good start with our buying property guide. Make sure you find out about the property market and understand how the system of buying a home works as it might be very different from your home country. Also find out here about the different aspects of renting out your apartment or villa in this section of the guide.

Introduction An introduction to buying property in Cyprus
Many people buy a holiday home in Cyprus with a view to living there permanently or semi-permanently when they retire. more »
Advantages & Disadvantages What to take into account
There are both advantages and disadvantages to buying a home in Cyprus, although for most people the benefits outweigh any drawbacks. more »
Legal Advice What you should know
It cannot be emphasised too strongly that anyone planning to buy property in Cyprus must take expert, independent legal advice. more »
House Hunting How to find your dream home in Cyprus?
There are many ways of finding homes for sale in Cyprus, including the following: more »
Estate Agents All you need to know to deal with estate agents
No one is allowed to advertise property (unless it’s their own) other than a registered estate agent, and the vast majority of property sales in Cyprus are handled by estate agents, particularly those where non-resident foreign buyers are involved. more »
Cost of Property Can you afford to buy property in Cyprus?
One of the major considerations (or the major consideration) for anyone contemplating buying a home in Cyprus is whether they can afford to buy a home there and, if so, what kind of home they can afford and where. more »
Property Prices How much does property cost in Cyprus?
This section looks at property prices in the five districts of the Republic. more »
Permission to buy property Application to the Council of Ministers
An EU national resident in Cyprus can buy as much land or property as he likes without restriction and without needing permission. more »
Fees Extra costs when buying property in Cyprus
A variety of fees are payable when you buy a property in Cyprus, although these are among the lowest in western Europe and usually total around 10 per cent of the purchase price. They’re detailed below. more »
Inspections & Surveys What you need to know
When you’ve found a property that you like, whether it’s an old or a ‘new’ building, you should make a close inspection of its condition. more »
Buying Off Plan How to buy property off plan
Buying off plan (i.e. a property that is being built or yet to be built) is probably the most common method of buying in Cyprus. more »
The purchase procedure Buying a house step by step
Foreign buyers, especially those from the UK, often assume that because legal and financial systems are based on the same principles as those in the UK, house-buying procedures will be the same. more »
Payment All you need to know about the payment process
If your property is a resale and you can move straight in, you will make whatever payment you’ve agreed with the vendor at this point. more »
Sale Contract The final step
When you’re satisfied with the outcome of all checks and all necessary payments have been made, you can sign a sale contract with the vendor. more »
Transfer of Inmovable Property How is it done?
Once your lawyer has been informed that the new title deed has been issued, he applies to transfer the property legally from the vendor’s name to yours. more »
Letting Restrictions to letting your home in Cyprus
Many foreigners let their properties illegally, whether through ignorance or in defiance of the law, and few are prosecuted. Nevertheless, there are ways you can let your property legally. more »
Letting Rates Rental rates and how to increase your rental income
Rates vary greatly according to the season, the region, and the size and quality of a property. more »
Using an agent All you need to know about letting agents
Despite the fact that short-term letting is illegal in Cyprus, you will find many agents offering a letting service and even a buy-to-let service. more »
Doing your own letting All you need to know to do it yourself
Some owners prefer to let a property to family, friends, colleagues and acquaintances, which allows them more control – and hopefully the property will also be better looked after – even though this is illegal in Cyprus without official certification. more »
Information Packs What they should include
After accepting a booking, whether through an agent or one you’ve generated yourself, you should provide guests with a pre-arrival information pack containing the following: more »