Where Can You Purchase Homes and Villas in Cyprus?

Cyprus is a popular destination for those looking to escape the hustle and bustle of life in big cities. The country offers 3,500 hours per year with 50 blue flag beaches plus low property taxes that make it an attractive investment opportunity as well! With a large international English-speaking community and excellent transport to other parts of this continent, it’s no wonder that people are flocking here for their holiday homes or for investments!

Different places

There are two parts of Cyprus, the North and the South. It’s currently not advisable to purchase property in Northern Cyprus because there is conflict over who owns the land or right to sell it. Most people tend towards four main cities that lie Southern: Nicosia (a vibrant colorful capital city), Larnaca on the coast with exceptional long term rental opportunities given its inland location. As well, Limassol near luxury resorts which offer all year round living but at a price like for the Lauderdale tropical island.

Limassol is the most expensive of this trio, but it does have some great amenities. Its easy access to airports make it very attractive for quick getaways. And there are plenty of good restaurants where you can enjoy a meal while looking out at beautiful scenery or taking your time with appetizers before getting into the main course territory.

Who can buy properties?

EU citizens should be aware that there are currently no restrictions on purchasing property in Southern Cyprus. Non-EU citizens can purchase one home or an acre of land, but they must apply through the Council of Ministers before being allowed to do so.

When buying a house, there are many formalities that need to be fulfilled. The process can take time, but luckily the paperwork will be granted once your title deeds have been approved by authorities, so don’t worry about waiting too long! You should also consider hiring an expert who is familiar with these laws. When buying a property, the buyer is also subject to transfer fees and stamp duties that usually amount to around 15% of what they are trying to buy.

The island of Cyprus is a popular destination for those who are looking to escape the hustle and bustle. There are two parts, the North and the South, but most people tend towards four main cities which lie southern: Limassol, Nicosia, Larnaca & Paphos.

There are many things you should do before purchasing a property, and getting an independent brokers’ agency or inspection by them is the most important one. Here we will list a few, so you can have a look at them.

M Residence – Most reputable

M Residence is a cutting-edge real estate company that has established itself as one of the most reputable in Cyprus. It offers services like sales and valuations, but what sets them apart are their marketing techniques for high-end properties across all neighborhoods throughout this beautiful island nation! The company’s contemporary approach to real estate includes market data, 360° Virtual tours and aerial photographs. The team is made up of licensed estate agents who can also provide short-term rental services if needed, all backed by the expertise in their field that this group has already gathered.

Island Homes / more than 20 years of experience

Island Homes is a prestigious real estate agency with an extensive property portfolio. They offer everything from luxurious apartments and villas to commercial spaces such as restaurants or retail stores for the discerning buyer in any corner of Cyprus!

With its British and European ex-pat staff, it’s no surprise that the leadership team at this company is largely comprised of people who have made their move themselves. That said, you can book onto a viewing trip for free with 3 – 7 nights accommodation included as well!

Pafillia – Market-leading

Pafillia is a market-leading real estate company that has made it their mission to provide the most exclusive properties in Cyprus. They work with clients on making sure they have an easy time buying and selling property, whether these are new builds or luxury homes worth millions of dollars.

They help you with a comprehensive range of pre- and post-sale services and Cyprus citizenship programs. Their vast property portfolio covers locations in Limassol and Paphos as well as two groundbreaking developments: ONE and Minthis. It is an award-winning firm for excellence, with over 39 international awards to their name.

Always compare prices!

This is a common mistake that people make when they’re looking for property. They trust the salesperson and go with his/her advice, even if it isn’t the best option in every situation. But you should always consider other options too!

The larger more reputable developers may be priced higher than smaller companies. However, buyers can find similar properties if they search hard enough and do not rely solely on brand name when buying real estate in Cyprus.

Properties in touristy areas of Cyprus may also have a premium. If one is buying an investment home, then purchasing near or around major attractions could be detrimental unless you plan on renting it out occasionally for some profit margin.

As property developers in Cyprus are known for copy-pasting 1 or 2 types of houses into their projects, it’s important to consider how this affects living experience and future buyer reactions before deciding on an investment.

Conclusion: Many opportunities in Cyprus!

Cyprus has become a very attractive place for work, life and business. It’s no wonder that it’s a magnet to foreign investors who want the second citizenship in exchange for investment into local real estate market as well an opportunity for developing Plan B if force majeure occurs within the home country.