Tips For Buying Cyprus Properties
When you are looking for the right home in Cyprus, one of your best options is to look into properties for sale in the country. There are currently 1,256 properties for sale in Cyprus, with the real estate market constantly evolving. Whether you are looking for a luxurious villa, an affordable apartment, or a holiday home, you will find exactly what you are looking for with the help of a Cyprus real estate agent. Listed below are some helpful tips for buying property in Cyprus.
Before buying a property in Cyprus, you must first obtain a formal contract of sale from the vendor. Then, you must put a down payment of at least 10% of the purchase price. Once the buyer and seller have reached an agreement, the government will then grant the buyer the legal right to receive the property title deed. It’s also important to know how to send funds to Cyprus. Wise offers a real mid-market exchange rate that is up to seven times cheaper than your bank.
A Cyprus property listing may not be as impressive as one you see online. Nevertheless, it can be a good investment if you’re looking for a luxurious beachfront house, a mountainside house, a modern apartment, or a cozy mountainside retreat. In addition to purchasing a property, you can apply for a Cyprus residency permit, or even citizenship. The possibilities for a Cyprus real estate investment are almost endless.
The cost of purchasing property in Cyprus depend on the type of property and the location. A two-bedroom townhouse in Paphos, for instance, can cost EUR160K, while a three-bedroom villa in the coastal city of Larnaca can be as high as EUR250K. You can also buy a second property in Cyprus if you meet the requirements. There are certain restrictions, however, and you should check with your Cyprus real estate agent before deciding to buy a property.
Leptos Estates is a leading property developer on the island. This developer has a wide selection of luxury villas for sale in Cyprus, including private beachfront properties, and apartments in cosmopolitan residential communities. In addition to offering a great investment potential, Leptos Estates also offers buy-to-let schemes for those interested in diversifying their property portfolio. You can buy luxury villas for sale in Cyprus today.
The demand for Cyprus property in the U.K. is starting to rise. Some overseas property agents based in the U.K. are reporting increased sales in the north. Many Britons are looking for a more secluded alternative to the busy life of south Cyprus. The south is flooded with tourists, while the north is largely untouched and unspoiled. This has pushed up prices in south Cyprus. With a booming real estate market, the island is a great choice for buyers.
The location is also an attractive factor. The country enjoys great weather and an ideal location for retirees looking for a low-maintenance home. You can invest in property in Paphos and rent it out when you’re not using it. Then you’ll have a home that is not only affordable but also functional. It’s a smart move to invest in Cyprus properties and have a vacation home in a sunny place with great weather all year round.