Your Cyprus Properties Guide!

Useful Tips for buying Cyprus property

Best investment – property near the beach where demand is high therefore yielding high resale value and rental  return.

Cyprus & EU – By joining EU most restrictions to foreigner buyers will be lifted. This will increase demand by 50-100% which will generate an increase in both sale & rental prices.

Middlemen & Estate Agents – Always buy from a registered estate agent since buying from other middlemen you still pay a commission but you are not covered if any problems will arise in the future.

Checkpoints when buying Land: 1. Location / 2. Building density (sq.m you can built) / 3. Usage permission / 4. Height & Stories allowed / 5. Site Coverage (% of occupancy by building) / 6. Building restrictions (antiquities, seashore, e.t.c) / 7. Infrastructure costs (electricity, water, roads, etc)

Checkpoints when buying a House / Apartment : 1. Location / 2. Facilities provided (c/h, a/c, e.t.c) / 3. Quality of construction / 4. Reliability of seller / 5. After sales support  / 6. Cancellation fees (selling a new property before receiving the title deed you have to pay a big cancellation fee to the developer.  Try to minimize or eliminate this from the beginning) / 7. Specific performance (if you don’t register your buying contract within 60 days the developer could mortgage your property) / 8. Extra Costs (Extras not included in the selling price could increase the price up to 50% or more).

Current price Vs Selling potential: Very important to consider, since at some point you might want to sell your property. Buying cheap does not always mean a good investment.

FINANCING & Currency Exchange FACILITIES – This could make a significant difference on the final cost. C4P offers various long term payment schemes at favorable terms to assist its purchasers. Furthermore, Currency Exchange assistance is also available at the lowest cost.

C4P’s professional & experience consultants will guide you through the process in order to avoid all the traps before and after property purchase.

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