99% of what you need to know before buying real estate in Cyprus

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THE CYPRIOT PROPERTY MARKET IN 2024

If you're thinking about buying property in the Island of Aphrodite, there are a few things you should know about the market.

Skip the lengthy 100-page reports filled with complex words, old info, and unsupported opinions. This document is different. Data is fresh and presented in easy words, useful graphs, and engaging charts.

After just 20 minutes of reading, you'll know more than 95% of people considering property investment in Cyprus.

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PRICES, RENTS AND YIELDS IN CYPRUS IN 2024

What's the average cost of a 2-bedroom apartment in Nicosia? Where can you find the best yields in Cyprus? How much can you earn in rental income from properties in Limassol?

This report will give you solid answers, using data sourced from our analysis of over 1,800 properties that have been available on the market. Then, you will know what you can expect when you're hunting for properties.

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ANALYSIS - IS NOW A GOOD TIME TO BUY?

Is now a favorable time to get property in Cyprus? You might come across positive ideas online, but Cypriot friends might caution. Remember, opinions are thoughts and may not always be sure.

In this document, we take the last notable trends in Cyprus (prices, yields, inflation, political climate, investor confidence, etc.) and tell you what they mean. Then, you can decide to go ahead or not.

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ANATOMY OF A GOOD / BAD PROPERTY DEAL

Did you check out a property you're thinking of buying? Not sure if it will make a good investment? Well, it's actually not too hard to determine.

Bad property investments in Cyprus always follow the same pattern. If we check certain things, we can easily determine if an investment is likely to fail or not. Wondering what to check? This document has all the answers for you.

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THE FULL BUYING PROCESS, STEP BY STEP

Do you need a notary or a lawyer? When do we give the deposit in Cyprus? How do you ensure proper property ownership? Are there any particularly error-prone stages?

From the start of your property search to the moment you obtain the keys of your property, this document will be your go-to guide. Use it frequently to double-check every important aspect to ensure nothing is overlooked and that everything is progressing as it should.

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27 CONTACTS TO BUY A PROPERTY IN CYPRUS

The right people can make you save time and money. With that in mind, we've compiled a complete list of contacts you'll find indispensable while buying property in Cyprus. From A to Z, we've got you covered.

Inside this document, you'll have access to: Cypriot real estate agents, property listing websites, Cypriot real estate lawyers, property insurance agents, property managers, moving companies, and even expat communities in Cyprus.

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WHAT YOU NEED TO CHECK BEFORE BUYING

Neglecting 'Φόρος Κεφαλαίου,' misunderstanding 'Συμβόλαιο Αγοραπωλησίας,' and not verifying 'Κτηματολόγιο' entries... people often encounter challenges when buying property in Cyprus.

Without knowing the legal and cultural landscape well, it's easy to fall into common traps that have led many to regrettable financial outcomes. Don't be another one.

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ALL THE DOCUMENTS AND WHAT THEY MEAN

What is the significance of a 'Title Deed' (Efetio) in Cyprus? Could you explain 'Immovable Property Tax' and 'Capital Gains Tax'? Do you know about 'Rent Control'?

Our team has reviewed all the documents you'll encounter when dealing with property – whether you're buying, renting, selling, or living in one. Each document is explained briefly: its purpose, when to use it, who provides it, and key things to be cautious about.

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WHERE AND HOW TO GET A MORTGAGE AS A FOREIGNER

If you're seeking financing options in Cyprus, this guide will prove to be highly valuable.

We have gathered all the information you need to apply for a mortgage with banks in Cyprus. This includes details on eligible banks, step-by-step guidance for the entire process, and helpful tips to increase your chances of getting approved. We also highlight common mistakes to avoid.

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HOW TO RENT OUT QUICKLY

To swiftly lease your property in Cyprus, having insight into local Cypriot customs and traditions can expedite the process.

You might not know where to find tenants fast, how to set the right rent, or what to put in the rental agreement.

Here are some useful tips, with insider knowledge, that will help you save time and money.

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FOCUS ON LIMASSOL

If gazing at the Mediterranean from a seaside promenade is your kind of relaxation, savoring Cypriot mezze delights your palate, and you enjoy a mix of modernity and tradition, Limassol calls.

This report offers solid facts and data about this place: neighborhood analysis, yields, rentals, budget-based options, market strategies, and pitfalls.

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FOCUS ON NICOSIA

If you enjoy exploring a divided city's history and culture, sipping Cypriot coffee in old town cafés is your style, and you're captivated by ancient fortresses, Nicosia awaits your discovery.

Uncover the region's advantages and disadvantages, projected yields, insights into the short-term rental market, prime locations for competitive prices, etc.

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FOCUS ON PAPHOS

If ancient ruins and archaeological sites fascinate you, savoring Cypriot delicacies like souvlaki delights your taste buds, and you're drawn to picturesque coastal views, Paphos is your spot.

After reading this report, which will take you around 20 minutes, you'll have 95% of the knowledge you need to make the right choice about investing in property in Paphos.