Cyprus
Should I buy or rent a home in Cyprus?
If you have not spent a lot of time in Cyprus, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Cyprus can be a great investment, as the country has a strong economy and a growing real estate market. However, it is important to consider the costs associated with buying a home, such as the cost of the property, legal fees, and taxes. Additionally, it is important to consider the long-term costs of owning a home, such as maintenance and repairs. Renting a home in Cyprus can be a more cost-effective option, as it eliminates the need to pay for a down payment and other associated costs. Additionally, renting a home can provide more flexibility, as it allows you to move to a different location if needed. Ultimately, the decision to buy or rent a home in Cyprus should be based on your individual needs and financial situation," said a member in Cyprus.
Avertiss Real EstateGet Quote
Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.
Avertiss Real EstateAvertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.
Get Quote
"We at first purchased a penthouse and enjoyed the life. Later we sold up and since then have always rented. It is a very easy process to purchase property and the developers guide you all the way through the process. It is advisable to have a good independant Lawyer/Soliciter," remarked another expat who made the move to Polis, Cyprus.
Other Questions:
- What should I pack when moving to Cyprus?
- Where should I setup a bank account in Cyprus?
- Will I be able to find a job in Cyprus?
- What is life like in Cyprus?
- What do expats in Cyprus appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Cyprus?
- Is there a lot of diversity? Are people in Cyprus accepting of differences?
- What are the schools in Cyprus like?
- What are healthcare services like in Cyprus?
- What are medical services in Cyprus like?
- Are healthcare and health insurance expensive in Cyprus?
- What are emergency services like in Cyprus?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Cyprus?
- How are local medical facilities in Cyprus?
- As a foreigner living in Cyprus, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Cyprus?
If you live in Cyprus, newcomers to Cyprus would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
