The FREE guide to buying a property in Cyprus was updated in August 2015.
Despite what property developers, property agents and lawyers might tell you, buying a property in Cyprus is nothing like buying a property in the UK. In fact the process of buying a property in Cyprus is probably unique to the island.
The guide includes our recommendations for buyers considering the purchase of properties in Cyprus. Properties in Kapparis, Protaras, Pernera, Ayia Napa and Paralimni on the East Coast of Cyprus have a larger proportion without title deeds than areas in other towns on the island. If care is taken it can be quite safe to buy a property in Cyprus even if the villa or apartment is currently for sale without the full title deeds. You need to ensure the sellers solicitor provides you with written confirmation that a bank waiver and a share of the land will be provided to you as a buyer. You should obtain this written undertaking before you pay a reservation fee. If it is not available we suggest you purchase an alternative property.
Is now a good time to buy an apartment or villa in Cyprus?
The current exchange rate between the British Pound and the Euro certainly makes Cyprus properties more affordable for British buyers. Irrespective of your local currency you will find the price of properties has fallen substantially in recent years. Many sellers are open to offers well below their current asking price. With all year round sunshine, beautiful beaches, excellent cuisine and as a former British colony Cyprus is a fantastic place to relocate or holiday for young and old alike. Please help all Cyprus property buyers find this FREE guide to buying a property in Cyprus by clicking the Social Network buttons below.
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Below is a small selection of properties for sale in Cyprus that we feel offer excellent value for money. The apartments and villas on our website are advertised for sale directly by the owners. The properties are generally located on the East Coast of Cyprus around Protaras, Pernera, Ayia Napa, Kapparis and Paralimni.
If you are thinking of buying a property in Kapparis then how about a 3 bedroom 2 bathroom apartment on Demari’s Kyklades complex. It comes complete with the all important bank waiver and a share of the land until such time as the title deeds are issued. This modern apartment is located within walking distance of the beach, restaurants, bars and shops. The Kyklades complex is popular for long and short term rental with 2 swimming pools, tennis court, fully equipped gym and Health Spa facilities all on site. Priced for a quick sale at €114,950 (under £80K).
A pair of adjoining 2 bedroom penthouse apartments on the popular Paralimni Sands complex between Paralimni and Kapparis. This sought after residential area provides easy access to Blue Flag beaches and the nearby resorts of Ayia Napa, Protaras and Pernera. At the same time offering a peaceful retreat away from the peak summer crowds. The apartments have many additional features such as electric storage heaters, flyscreens and an electrically operated sun awning. This apartment offers an excellent opportunity for all year round occupation. Available now for under £105,000 for both apartments giving you 4 bedrooms in total. This equates to just £52,500 for each 2 bedroom apartment.
If you want to buy a property in Paralimni you might be interested in a modern 4 bedroom, 3 bathroom end townhouse. Ideal for a property investor or owner occupier and probably one of the cheapest 4 bedroom properties on the East Coast of Cyprus. Currently available at the bargain price of just £57,500. Located within walking distance of one of the most popular supermarkets in the area and all local facilities. 3 bedrooms and 2 bathrooms upstairs and 1 bedroom and bathroom downstairs. Buying a property in Protaras can be just as safe as buying a property in the UK if you follow the procedure outlined in the guide.
Indicative Sterling prices are based on July 2015 exchange rates.
You might also like to view our Slideshare presentations of land and properties currently for sale in Cyprus at exceptional prices. Choose each of the presentations in turn from the selections below about buying a property in Cyprus.
If you are trying to sell your property in Cyprus your price must reflect the current market conditions. Demand for properties in many areas is quite low and you are competing against other sellers. To attract a buyer your property has to offer something better than similar properties. Maybe a sea view, large balcony, an extra bathroom, outside storage, central heating or proximity to local amenities. One major factor that will make your property more appealing to buyers is obviously your asking price. Some sellers build a discount factor into their asking price but that may mean you don’t receive any enquiries at all. Our advice is to offer your Cyprus property at the price you actually need rather than an inflated price that simply puts buyers off.
Please complete the short form below or here if you need help selling or buying a property in Protaras and the surrounding areas or if you require further details on the villas and apartments for sale on this website. A condensed version of the guide is also available by following this link guide to buying property in Cyprus.