Buying Cypriot Real Estate Cyprus Real Estate

Cyprus remains a perennially popular destination for both holidaymakers and those looking to invest in real estate. Motivations vary with some people choosing to relocate here, whiles others are happy with a holiday home and a bit of rental income. Property prices have surged in the past few years and bargains are harder to come by, and the island's recent accession to the EU means that this upward trend looks set to continue. Because the lion's share of real estate is bought and sold in the Cypriot South, our 'top ten' focuses specifically on this region and not to the Turkish North (which remains an altogether more complex and daunting prospect).

1. Be clear about your motives for buying: Is it for rental purposes, relocation or resale? WHY you want to buy should dictate WHAT you want to buy.

2. Location, Location, Location: The age old mantra rings as true as ever. It's important to research the region thoroughly before buying and consider what the future might bring. Today's beautiful vista could well be concreted over and transformed into a villa complex or luxury resort tomorrow. See our map to get you started.

3. Avoid rushing into a decision: Remember that decisions taken in haste could well be repented at leisure.

4. Establish the credentials of your estate agent: There are various UK companies with local expertise who should be able to point you in the right direction (for a fee).

5. Get a good lawyer: Buying a property in Cyprus can be a complicated business and you're likely to need some specialist legal help.

6. If you are buying a property that has not been constructed yet, you need to be especially careful: Check that the land you are buying is the land you are being shown, then make sure that the developer has permission to build there. It may sound obvious, but it's better to err on the side of caution.

7. Local architects will vary in competence so it's crucial to make sure you hire someone reliable; especially if you are designing your own property.

8. If you are buying a town centre apartment try to avoid the ground and first floors. Besides the roar of traffic keeping you awake, you may have to contend with late night restaurants, bars and early shop opening hours. Steer clear of flats where central heating and hot water bills are shared, or you'll soon fall out with your neighbours.

9. Don't forget to deposit the sales contract with the District Land's Office within two months of the purchase (in case the seller changes his mind or the developer fails to fulfil the project).

10. Selling your property can be considerably more complicated than buying it: Think about how desirable your property will be to others before handing over any cash.