Cyprus property advice

shazbat
By shazbat

Hi, I was wondering if anyone has any experience of buying property in Cyprus and can advise us of any pitfalls?

By shazbat• 21 Jun 2008 21:18
shazbat

By dweller• 16 Jun 2008 21:19
dweller

A lot of property purchased in the North is almost certain to be reclaimed by the Greek Cypriots who actually own it.

By jango warrior• 16 Jun 2008 21:17
Rating: 5/5
jango warrior

Which side of Cyprus are you buying on, no problems on the european union side, however potential problems on Turkish side, if you get it wrong, but also unbelievable deals

By dweller• 16 Jun 2008 21:16
Rating: 5/5
dweller

extremely expensive.

We looked at Cyprus some years ago and it was much too expensive. It's also island life and not unlike Qatar in size (as the North is off limits). You can drive round it in one day.

Instead of an exit permit you need a boat or a plane ticket.

On the plus side, spoken english is common.

By Dracula• 16 Jun 2008 20:35
Rating: 5/5
Dracula

http://www.property-abroad.com/cyprus/buyers-guide/

Cyprus is one of the more popular real estate markets in the world. Activity in the real estate market in Cyprus is brisk, including foreign nationals who buy and sell real estate Non-Cypriots have been involved in all areas of the real estate market. Foreign nationals have been found to invest in commercial, investment and residential real estate in all areas of the country.

Most industry experts maintain that the property market in Cyprus should continue to do a brisk business well into the coming decade. With the entry of Cyprus into the European Union, more and more foreign nationals from EU member states likely will become involved in the Cypriot real estate market.

There are no prohibitions on foreign nationals purchasing real estate in Cyprus. However, and as will be discussed in greater detail shortly, a foreign national must obtain prior permission from a Cypriot governmental agency in advance of making the purchase of real estate in that country. Generally speaking, this approval is relatively easy to obtain -- although the process of obtaining the permission can be rather time consuming

Email: [email protected]

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