As summer comes to an anticlimactic, grey and drizzly finish in the UK, there’s still a beacon of good news on the horizon. We’re coming up to one of the peak buying seasons in Cyprus – so many of us will finally be realising our dreams of starting a new life overseas. If you’re buying a home in Cyprus in autumn this year, it’s crucial to be up-to-date on the situation on the ground. It can be difficult to make sense of everything from collating different media sources, which is why we’ve put together this list. Keep reading for your round-up of the top ten things
Renting out your property in Cyprus can be a good way to get money out of your holiday home while you’re not there. However, there are strict rules around renting, so you need to know them to be on the right side of the law.
Sun, sea, sand, appealing cities, a diverse landscape and low-cost flights: it’s no wonder Cyprus has been growing in popularity. In 2017 alone a record-breaking 3.6 million tourists visited the island; an impressive number that the Cypriot government fully expects to surpass by the end of this year. But it’s not just visitor numbers that have been increasing over here, so have property prices.
What Cyprus lacks in size – it’s eight times smaller than Ireland – it makes up for in desirable holiday home destinations. From expat favourite Paphos to the capital Nicosia, this diverse island has somewhere to suit all tastes and budgets. If you’re in search of a home from home environment, luxury living or a more traditional feel, we can help you find it.
Navigating the overseas property buying process isn’t always plain sailing. Different rules and regulations, plus a new language, mean various pitfalls await over the horizon if you don’t plan ahead. Here are some top tips to help keep your dream of purchasing a property in Cyprus on course.