What do I need to know when buying property in Cyprus?
When we asked expats what advice they would give a foreigner before buying a property in Cyprus, they said...
"1. It is important to research the area you are looking to buy in, as well as the local market, to ensure you are making a sound investment. 2. You should also be aware of the legal requirements for purchasing property in Cyprus, such as obtaining a permit from the Council of Ministers. 3. It is also important to be aware of the tax implications of buying property in Cyprus, such as the transfer fees and stamp duty. 4. You should also consider the cost of living in the area you are looking to buy in, as well as any additional costs associated with owning a property in Cyprus. 5. It is also important to be aware of the different types of property available in Cyprus, such as apartments, villas, and land. 6. Finally, it is important to seek professional advice from a lawyer or real estate agent to ensure you are making the right decision when buying property in Cyprus," explained one expat living in 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?
What do I need to know when buying property in Cyprus?
If you live in Cyprus, newcomers to Cyprus would love to hear your answer to this question: