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CYPRUS

Buying a property in Cyprus

In recent years buying a property in Cyprus has become extemely popular, particularly with UK nationals.

There is something very rewarding about owning your own second home in another country and many find that this arrangement is more preferable to seeking a different destination for each holiday. Since the advent of low cost air flights the Cypriot property buying business has become huge.

There are an increasing number of property exhibitions that aim to persuade you to purchase brand new or nearly new properties in Cyprus. Sales staff are skilled in using highly seductive marketing methods to sell as many as possible. Like all other salespeople, they know that if a customer has time to go away and think about a purchase, then a sale is lost as is their commission! You should not however feel pressured into ‘signing on the dotted line’ there and then.

You should always seek expert advice when buying your first Investment Property in Cyprus. However this article aims to provide a basic insight into points to remember or consider when you embark on buying property in Greece.

The climate in Cyprus is exceptional and temperatures in the summer months can be much much higher than in countries like France or Spain. The cost of living is much lower than in the UK and this is one of the main reasons that many seek to retire to Cyprus.

Incomers to Cyprus generally fall into one of three categories. Whether you are looking for a holiday home, a permanent retirement home or a second home Cyprus has a great deal to offer. However, you will need to have sound finances before embarking on the purchase of your property in Cyprus and this is because any incomers to the country are not allowed to work or earn a living on the island and consequently you can expect careful checks to be made of your finances before you are allowed to settle. The rules that disallow incomers to earn a living in Cyprus also extend to making a business out of renting your property. You would be allowed, however, to rent out your property
to cover some of the costs. You would not be permitted to buy one holiday home for your own use and another for rental purposes.

Language is not generally a problem in Cyprus as English is widely adopted as a second language. Another big advantage for British drivers is that the Cypriot's drive on the same side of the road as in the UK! Petrol is also very cheap compared to current UK prices.

You must obtain an immigration permit if you are seeking to retire to Cyprus. No cars or household goods from other countries are allowed into Cyprus except other left hand drive cars which can stay on the island for no longer than six months.

Mortgages in Cyprus are fairly easy to come buy providing the lenders are satisfied of your ability to repay the loan. The first step after the purchase agreemnet has been signed, is to obtain, by written application, permission from the Council of Ministers. The remaining process is very similar to that in the UK with a legal representative being appointed and transfer of property ownership being made through the Cyprus Land registry Office.

The title deed will then be issued to the purchaser and once the purchase is completed, prepare yourself for an annual ownership tax levied by the government and depending on the property value, another tax may be levied by the Municipal authorities!


December 2005



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VACATION RENTAL: Brand new 1-bedroom apartment (sleeps 4) on luxury complex in Oroklini village
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Prices from GBP140

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VACATION RENTAL: Luxury 2 Bed Apartment with Large Freeform Pool
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Prices from GBP210

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VACATION RENTAL: Villa in Secret Valley Golf Resort, Paphos, Cyprus
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Prices from GBP500

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VACATION RENTAL: Family home in a beautiful garden, with a heated pool, 5 minutes to Coral Bay
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Prices from GBP1,200

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VACATION RENTAL: Walnut Grove, Kato Paphos, Cyprus
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Prices from GBP350

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VACATION RENTAL: Kato Paphos, 2 bed apartment, central complex, pool. Incl air-con, linen/towels
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Prices from GBP250

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VACATION RENTAL: 3 bedroom Villa Emba Sleeps 8, Private Pool, Sea Views, Sky TV, 8m Coral Bay & P
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Prices from GBP301

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VACATION RENTAL: Brand new luxurious two bed townhouse, 5 Star gated complex, pools, beach 700m
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Prices from EUR275

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VACATION RENTAL: Beautiful sea-view apartment in Kissonerga, between Kato Paphos and Coral Bay
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Prices from GBP225

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VACATION RENTAL: Nicoletta Court, Kato Paphos, Cyprus
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Prices from GBP245

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VACATION RENTAL: Walnut Grove, Kato Paphos, Cyprus
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Prices from GBP290

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VACATION RENTAL: Stunning 3 Bedroom Villa with Private Pool and Magnificent Sea & Mountain Views.
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Prices from GBP350

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VACATION RENTAL: 1 Bedroom 1st Floor Apartment
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Prices from GBP230

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VACATION RENTAL: Beautiful 2 Bedroom House set in tranquil gradens with pool, sea & mountain view
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Prices from GBP199

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VACATION RENTAL: The villa is built to a very high standard
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Prices from GBP380

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VACATION RENTAL: A lovely comfortable property perfect for two couples travelling together or sma
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Prices from EUR555

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VACATION RENTAL: A well equipped, high quality, spacious 2 bedroom villa 150m from the sea.
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Prices from GBP350

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VACATION RENTAL: Extremely high standard of accommodation offering great views from the balconies
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Prices from GBP380

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VACATION RENTAL: The villa enjoys fantastic views from the terrace and upper balcony
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Prices from GBP380

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VACATION RENTAL: Luxury Apartment in Aphrodite Hills 5* Golf, Tennis & Spa Resort, Paphos.
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3 Bedrooms

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VACATION RENTAL: LUXURIOUS 3 BED VILLA WITH INFINITY POOL
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Prices from GBP550

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VACATION RENTAL: Residing amongst a 13-villa complex sharing a large communal pool
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Prices from GBP200

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VACATION RENTAL: Cyprus villas on beach Own pool Polis villa Cyprus villa
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Prices from GBP453

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VACATION RENTAL: Luxury three bedroomed villa with private pool
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Prices from GBP375

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VACATION RENTAL: Luxury villa on an award winning complex
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Prices from GBP350

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VACATION RENTAL: Luxury Private Villa with Private Pool
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Prices from EUR550

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VACATION RENTAL: Beautifully situated apartment for rent near Paphos town
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2 Bedrooms

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VACATION RENTAL: Esentepe Seaside Villa - Northern Cyprus Villa Rental
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4 Bedrooms

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VACATION RENTAL: Luxury 2-bedroom Self-Catering Holiday Apartment, Paphos, Cyprus
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Prices from GBP200

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VACATION RENTAL: Brand new luxury one bed apartment sleeps upto 4. Superb Location.
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Prices from GBP160

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VACATION RENTAL: Luxury 1-bedroom Self-Catering Holiday Apartment, Paphos, Cyprus
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Prices from EUR145

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VACATION RENTAL: Special Holiday Offer in North Cyprus
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Prices from GBP154

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VACATION RENTAL: Villa in North Cyprus
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Prices from GBP250

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VACATION RENTAL: Luxury 4 Bed Villa with Private Pool
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4 Bedrooms

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HOTEL: THE ABBEY INN AT BELLAPAIX... OUTSTANDING LOCATION NEXT TO THE BELLAPAIS ABBEY
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10 Bedrooms

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HOTEL: THIS EXCLUSIVE BOUTIQUE HOTEL IS IN THE CENTRE OF BELLAPAIS AND OFFERS THE BEST.
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Rooms from GBP55

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HOTEL: 4 star 200 room hotel situated only 300 meters from the beach.
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Rooms from EUR76

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HOTEL: North cyprus holidays, North cyprus car rental, North cyprus hotels and resorts
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Rooms from GBP45

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HOTEL: Antonis is a small but charming family run 28 self contained apartments
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Rooms from EUR35

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HOTEL: THE Mountain View HOTEL & Villas is just 3 miles from the beautiful harbor town.
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42 Bedrooms

Popular Towns/Cities for adverts within Cyprus

PAPHOS - SOUTH CYPRUS   PAPHOS 7 adverts present in our database with 6 Holiday Rentals, 1 Hotel Listing

KATO PAPHOS - PAPHOS   KATO PAPHOS 7 adverts present in our database with 7 Holiday Rentals

CORAL BAY - PAPHOS   CORAL BAY 3 adverts present in our database with 3 Holiday Rentals

BELLAPAIS - KYRENIA   BELLAPAIS 2 adverts present in our database with 2 Hotels

KYRENIA - NORTH CYPRUS   KYRENIA 2 adverts present in our database with 1 Holiday Rental Listing, 1 Hotel Listing

ALSANCAK - KYRENIA   ALSANCAK 2 adverts present in our database with 2 Holiday Rentals

ESENTEPE - KYRENIA   ESENTEPE 2 adverts present in our database with 2 Holiday Rentals

OROKLINI - LARNACA   OROKLINI 2 adverts present in our database with 1 Holiday Rental Listing, 1 Hotel Listing

PEYIA - PAPHOS   PEYIA 2 adverts present in our database with 2 Holiday Rentals

CHLORAKAS - PAPHOS   CHLORAKAS 2 adverts present in our database with 2 Holiday Rentals

KARAVAS - KYRENIA   KARAVAS 1 adverts present in our database with 1 Hotel Listing

CATALKOY - KYRENIA   CATALKOY 1 adverts present in our database with 1 Holiday Rental Listing

SKOULLI - PAPHOS   SKOULLI 1 adverts present in our database with 1 Holiday Rental Listing

KOUKLIA - PAPHOS   KOUKLIA 1 adverts present in our database with 1 Holiday Rental Listing

EMBA - PAPHOS   EMBA 1 adverts present in our database with 1 Holiday Rental Listing

EPISKOPI - PAPHOS   EPISKOPI 1 adverts present in our database with 1 Holiday Rental Listing

TALA - PAPHOS   TALA 1 adverts present in our database with 1 Holiday Rental Listing

KISSONERGA - PAPHOS   KISSONERGA 1 adverts present in our database with 1 Holiday Rental Listing

POLIS - PAPHOS   POLIS 1 adverts present in our database with 1 Holiday Rental Listing

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