Buy Properties and Apartments for Sale in Cyprus

Things to Consider While Buying Property in Cyprus

If you are thinking of purchasing properties from a different country, Cyprus would be an excellent option for you. Thanks to its sunny weather and the Mediterranean Sea, Cyprus is a favorite destination for anyone interested in the island, so it’s no surprise that many people want to move to this island.

Investing in a property in a foreign country might be a risky concept. However international real estate investments provide both income and the opportunity to live in different countries. Besides that, Cyprus properties are seen as an important place to invest both due to location and the diversity of the population.

How are the Prices of Properties in Cyprus Determined?

One of the important factors for those who are thinking of buying a property in Cyprus is to consider whether they can own this property with their financial means. If you have such an opinion, let’s see what kind of houses are offered for sale in the market and at what price.

Foreign buyers mostly prefer Cyprus as it requires much lower property costs compared to other European countries. Of course, these demands increase the price of the properties in the market. Despite these increases in the real estate market, there are lots of options for those who are looking for fairly affordable properties.

The products on our website are available in a wide price range. Such as Seafront Apartments With Quality Facilities In Cyprus is $55,390 whereas the luxury properties like Penthouse and Luxury Bungalows over the Mediterranean properties are sold for $212,277. However, if your dream house is a villa with a pool, you are likely to pay between 400 thousand dollars and 800 thousand dollars. This price scale is determined in the market according to the location, size, and features of the house.

What are the Benefits of Buying a Property in Cyprus?

The benefits of buying a property in Cyprus are as follows.

• The island of Cyprus offers many opportunities to its citizens and investors as it is a part of the Euro Zone in the European Union and a member of the World Trade Organization and the World Bank. This Country offers you a favorable tax policy and an increasing GDP every year.
• Cyprus, which joined the European Union in 2004, provides a safe selling environment for those who invest in the country by providing access to more than 500 million EU residents and its market region to those who invest in the country.
• Cyprus is a rich entertainment center with developed infrastructure. It welcomes many tourists throughout the year. This causes the market to follow a constantly active course.
• Besides these financial advantages, the climate, nature, ancient history, and culture that dominate the country are also great factors to buy a property in Cyprus.
• Thanks to the Golden Visa program, a residence permit is given to investors who are investing in Cyprus and aim to support the country’s economy. With the EU rule, if the value of the purchased property exceeds € 300,000, a permanent EU residence permit can be obtained.
• Cyprus occupies a strategic location which is crossroads of Europe, Africa, and Asia in the Eastern Mediterranean that turns this island country into an amazing market and supply area.
• Cyprus offers an incredibly transparent tax regime.
• Cyprus has one of the best education systems in the entire Mediterranean.

What are the Features of Property Located in Cyprus?

The most important feature of Cyprus is the sea view and clean nature that almost all properties have, thanks to the sea around it since it is located on an island. While looking for a guide buying a property in Cyprus you should consider the city first.

The features of the property located in Cyprus are listed below:

• Sea View
• Forest View
• Life quality
• Wonderful view
• Easy Access to everwhere

What are the Reasons to Buy Property in Cyprus?

There are multiple reasons for owning property in Cyprus. The reasons to buy property in Cyprus are as follows.

• Being a country where all 4 seasons are experienced in a year
• Almost no crime rate
• Electricity is similar to that in the United Kingdom.
• Left side driveway
• Almost everyone can speak English
• The law is based on British Law
• Advanced level medical care
• Part of the European Union
• Great investment opportunities

What is the Material of the Properties in Cyprus?

Since Cyprus is located on the fault line, earthquakes occur frequently, and the buildings must have a certain quality so that this disaster does not harm the environment. This is exactly why the earthquake resistance requirements of the buildings built in Cyprus are very strict.

The best building materials used on this island are listed below.

• Houses made of concrete panels
• Wooden houses built on a special technology
• Houses built of monolithic precast concrete.

What are the Property Options in Cyprus?

Cyprus is a country full of options in terms of real estate and real estate market, so it has many different types of structures that will offer the house of their dreams to those who want to buy property. These structures are designed to appeal to every budget and every taste and aim to give the property owner the greatest pleasure it can offer.

Property Options in Cyprus are listed below.

• Studio apartment
• Ground floor apartment
• Penthouse
• Duplex apartment.
• Loft in Cyprus
• Bungalows

Who is Suitable for Owning a Property in Cyprus?

Cyprus is a country that appeals to many choices and lifestyles. Below is a list of who is suitable for owning a property in this paradise island, which hosts a lot of tourists.

• Since Cyprus has a rich marketplace, investors may prefer to buy real estate here.
• Those who want to spend their retirement living a quality life on an island
• Those who want to buy real estate for investment purposes
• Those who want to have a comfortable holiday away from stress in the summer months
• Those who want to live in mild weather by the sea

Are Properties Located in Cyprus Suitable For Who Wants to Be Turkey Citizen?

The Turkish Republic of Cyprus is an island country connected to Turkey, so investments made in northern Cyprus are counted as made on Turkish land.

With the law coming into force in Turkey in 2016, Turkey allows foreigners to obtain Turkish citizenship by purchasing a property.  However, to obtain citizenship the investment they are going to make must be higher than the 250.000 $.

What is the Advantage of Property Buyers in Cyprus?

Buying a property in Cyprus offers many advantages to investors.  The advantages of property buyers in Cyprus are as follows.

• The process of owning real estate in Cyprus is very fast. After signing the necessary contracts, the property you bought will be transferred to you within a few weeks.
• You will see your money’s worth when you sell the property back.
• You can make landscaping on your property for the pleasure of gardening.
• Some homes are resold with additional features such as furnishings and appliances, satellite dishes, and television.
• The price should be significantly lower than buying a new off-plan property from a developer.

What are The Price Ranges of Properties Located in Cyprus?

Because of the economy’s fluctuations, real estate home prices in Cyprus climbed in 2021. In addition, the newest data from the Central Bank of Cyprus reveal that the cost of housing in Cyprus is increasing.

In the first quarter of 2021, the housing price index in Cyprus rose to the highest figure with 79.3. The price index given by the types of real estate rose to 84.1, the highest value since 2012. With these indexes, the cheapest property in Cyprus starts from 40.000$ to 400.000$.

What are The Payment Methods to Buy Properties in Cyprus?

The real estate to be purchased in Cyprus can be paid in different ways. According to the operating procedures, the amounts you have to pay to own a property in Cyprus can be paid by cash transfer, eft, and mortgage. Most banks in Cyprus offer a mortgage scheme to foreigners who want to invest within the country. Some of these plans offer repayment mortgages, while others are interest-only loans.

Here are the banks you can get a loan from:

• Alpha Bank
• Bank of Cyprus
• Greek Bank

What is Life Like in Cyprus?

Cyprus is a European island nation with access to a variety of European facilities. Like some other Mediterranean countries, the locals are usually laid-back and pleasant. The climate in this island nation is hot and humid. It is tough to acclimatize to the climate if you enjoy cold weather or hard winters. Summers in Cyprus are hot and humid, with high humidity in July and August and decreased humidity in June and September, but daytime temperatures still hovering around 28-32 degrees Celsius. During these four months, there is very little rain. Winters are warm; temperatures occasionally drop below freezing overnight, although this is rare — and only by a degree or two. Most days, the sun only shines in one direction.

It has a very low crime rate and is mostly a safe environment for children. The health system is still trying to develop steadily. There are many foreign, English, and German-trained doctors in the country.

What Are The Other Cities That Have Properties Similar to Cyprus?

Cyprus is a relatively unique island country that has great properties. It is similar to the countries of the European Union in terms of life and nature. These countries are known for their natural beaches and are also quite mountainous.

Below is the list of cities that have similar properties to Cyprus:

• Istanbul: Istanbul‘s real estate market is the most active in Turkey, with major property and infrastructure developments being created daily.
• Alanya: Between the cities of Antalya and Mersin, Alanya is one of the most beautiful and vibrant places in the southern Mediterranean region.
• Antalya: The Turkish Mediterranean beach capital is Antalya. Due to its diverse topography, a bustling economy, and seaside vistas, Antalya’s real estate market has transformed it into one of the most fascinating cities in the Mediterranean.
• Bursa: Bursa, formerly Prusa City, is a Turkish city in northwest Turkey. The city’s appeal has grown in the Turkish and international real estate markets.
• Izmir: After Istanbul and Ankara, Izmir, the “Pearl of the Aegean,” is the third-largest city in terms of population. If you’re thinking about buying a home in Izmir, you’ll be able to enjoy your social life while also furthering your career in such an investment environment.
• Sakarya: Sakarya, formerly Adapazari, is a city in northwestern Turkey, near the Black Sea and Istanbul. The city is known as one of Turkey’s most important agricultural and industrial hubs.
• Bodrum: When requirements such as having a decent life by settling for a long time and having investment profitability are considered, Bodrum, in western Turkey, is a vital and ideal location for international real estate buyers.
• Mersin: Mersin is one of Turkey’s most popular tourist destinations, and ex-pats are flocking to live there. The appeal of the city has spread throughout the real estate market, especially in the last ten years.