4 questions to ask when buying property in Cyprus

Whether you’re an experienced or first-time buyer, there’s a lot to keep in mind when buying a new house.

 Finding your ideal home involves research, and asking the right questions can help you find a property that meets your family’s long-term needs.

Let’s take a look at 4 important questions you should ask your real estate agent when buying property in Cyprus.

Which city is right for me?

Before you make an offer, it’s important to ask more questions about what each city has to offer in terms of living, costs, and entertainment. Here are some helpful details.

Limassol – A modern city with a cosmopolitan atmosphere and plenty of business opportunities. This is the place to be if you love the active lifestyle.

Nicosia – As the capital city, Nicosia is the centre of business and commerce. With an array of shops and cultural centres, Nicosia offers the so-called city life.

Larnaca – With a low cost of living and a laid-back atmosphere, Larnaca is one of the best cities to retire. Plus, it’s close to the beach.

Paphos – Paphos is much more relaxed than other cities and ideal for anyone looking for peace of mind — families, retirees, and remote workers.

Famagusta – A favourite tourist destination offering all necessary amenities for living and entertainment.

How long will the process take?

Buying property in Cyprus is simple and straightforward. From consultation to contract signing, the buying process shouldn’t take more than 2 months.  

If you’ve decided to buy property in Cyprus, make sure to talk to a real estate expert. Our team at Hestia is here to explain the entire buying process , including property research, paperwork, property insurance, and legalities.

What’s living in Cyprus like?

 Before investing in a property in Cyprus, make sure to do your research about life on the island — from the culture to entertainment and the costs of living.

There are many great reasons to live and work in Cyprus, including:

  • Warm climate with over 320 days of sunshine
  • 74 blue flag beaches
  • Energetic lifestyle with bustling nightlife
  • Business opportunities
  • Easy to reach through 2 airports and 2 ports
  • Low costs of living (depending on the city)
  • Low corporate tax rate (12.5%)
  • Commercial and residential developments
  • Home to the first integrated casino resort, City of Dreams
  • Plenty of shopping malls and cultural centres

What type of property do I need?

One fundamental question to ask yourself is what type of property you need — a house, a villa, or an apartment.

To make the right choice, it’s important to go back and evaluate not only the reasons for your purchase but also your available budget and intended use.

For example, if you’re looking to retire and spend the rest of your life on this sunny island, why not invest in a luxurious villa with unmatched sea views like EL PEZ residences?

Whether you love the idea of luxury beachfront living or the rich history of a vibrant city, Cyprus is a place for all. 
A knowledgeable real estate expert will understand your needs and guide you through the available options to help you find the perfect match. 
Get in touch to schedule a free consultation with our team.