Finding the right estate agent
We discuss how you should find the right estate agent to help you successfully buy property in Cyprus.
The property business in Cyprus is regulated by the government, with all estate agents having to be licensed by the Estate Agents Registration Council. Their duties and obligations are set out by the Council, so it is a good idea to check that your agent is a member via the website of CREAA, the Cyprus Real Estate Agents’ Association.
You may be approached on the sea front by a property salesperson – it is rarely a good idea to buy a property from them.
Estate agents earn a commission of between three and five percent of the price, much higher than most British estate agents, but it is paid by the seller. You will often be approached on the sea front in the more popular areas of Cyprus by property salespeople – it is rarely a good idea to buy a property from them. You could also choose an agent who is a member of the Association of International Property Professionals (AIPP), the based-London organisation attempting to improve ethical standards for international estate agents.
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