If you’re dreaming of a home in Spain, but you can’t find the one you want, or it doesn’t fit your budget, buying off-plan could be the answer. Essentially, this means buying a property that’s either not yet built or still in the process of being built, as opposed to an older property (known as a “resale”).
With the easing of travel restrictions, we can now easily hop on a plane to visit and purchase properties in Cyprus. But what will we find there? What’s changed since the pandemic and the end of the Brexit transition period?
The Spanish housing market appears to be recovering from the pandemic. According to the National Institute of Statistics (INE), home sales in August reached their highest level since Spain’s 2007 ‘housing market boom’. And, despite the impact of Brexit and the introduction of the new 90-day rule, the British are still the largest foreign group buying Spanish property.
The enchanting island of Crete is the Greek destination of choice for many international buyers. When asked why, many tell tales of the picturesque landscapes, gorgeous beaches, interesting history and friendly locals.
After a year or so of disruption due to the pandemic, how has the property market fared in Cyprus? We take a look at the latest data and trends in our Cyprus property market update…
