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Дом : Countries : CYPRUS : FAQ

Cyprus

FAQ

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What are the Starting prices of properties?

The average 2 bedroom apartments start at €150,000

What are the other cost's involved?

As a guide, purchasers should allow around 5%-6% of the property's total purchase price to cover all closing costs.

Are mortgages available?

The Cypriot mortgage market is pretty stable with 70% mortgages available in many different currencies

Is there a rental market?

With 340 days of sunshine and a healthy rental market you can get rental returns of between 6-9% per annum

Do I need a visa?

No visa requirements for EU Citizens

Will I need a Lawyer?

We always highly recommend instructing lawyers with regards to property sales our local team will assist with this

What's included on the inspection visit?

Please see inspection trips link

How does the buying process work?

You will be required to pay a 'reservation fee' of approx €3500, this will freeze the price and withdraw the property from the market. Contracts of Sale are then arranged with your lawyer depositing them with the Land Registry. Stage payments follow as per contract.