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How To Buy Property Cyprus

Introduction

Cyprus is 240 kilometers long and about 100 wide. Its capital city is Nicosia which is the largest city in Cyprus followed by Limassol. It has been divided politically for decades, since a violent division of the island in 1974 that saw about 200,000 Greek Cypriots leaves their properties in the north. For this reason, few people are willing to buy property in the north for fear of the title issues but there are serious moves to heal this divided country now as it looks to a bright future. The most popular part of Cyprus for the British buyers has always been the Paphos hence this area is a rapidly growing town that is increasingly popular for young families as well as the retired. Limassol, the second largest city in the area has been attracting international buyers and investors. Another famous area in Cyprus is the Ayia Napa which is known for youngster’s holiday.

Why buy property Cyprus

Cyprus has the most gorgeous Mediterranean beaches, plus ancient history dripping from every rock and not to mention Cyprus Property is reasonably priced. It has a great nightlife for the younger crowd plus a strong network of more sedate pursuits for the many retired citizens. It has warm winter sun, which is preferred by many. It is an increasingly popular island and surely has a bright future as a global vacation destination. Cyprus is attracting business and investment hence there are a number of job opportunities in the area. Property Cyprus is suitable for retired individuals and is also easy to purchase due to its less complicated purchase process and efficient payment methods. It has an airport in Paphos with direct, year-round flights to the UK.

Process of buying property Cyprus

Purchase of Property Cyprus is based on the English law. Once a buyer finds the desired property, they put down a reservation fee depending on the value of the property. Contracts are then drawn up; outlining the conditions of the sale and the reservation fee made up to 10 percent for a resale property and for new builds 20-30 percent.  Once the contract of sale is signed by the buyer, their lawyer files it with land registry within 60 days so as to secure the property in the buyer’s name. Buyers then need to present bank and character references with the application. The balance money is paid by the agreed completion date.

Conclusion

Property Cyprus is very affordable and easy to purchase. The warm climate and conducive environment is suitable for living. Its Mediterranean beaches are a suitable place for family vacations. Acquiring Property Cyprus is also favorable due to the fact that its short and less complicated than most property in different areas hence most people prefer it. It is also a suitable place for retirement. Due to the fact that Cyprus is attracting new businesses and investments, there are a lot of ideal business opportunities coming up. It is also a suitable place for youngsters due to its great nightlife.

Advantages of Investing in Cyprus Real Estate

Cyprus is a famous tourist destination hence is a great place to visit and spend your vacation in with your family and friends. This is because of the superb climate, great beaches, and the hospitality of the Cypriots not the forgetting the affordable costs of the resorts. In this article, we will look at some of the benefits of investing in Cyprus Real Estate.

Favourable climate

There is hardly rain in Cyprus which means there is constant sun and warm weather for most of the year hence it is a valid reason for many people to buy and invest in Cyprus real estate especially if they are fed up with snow and cold. The country experiences sunshine throughout the year and hence a conducive place to live.

Beautiful working and living environment

Cyprus has a considerably lower cost of living as compared to other global centers of business. It is also ranked among the countries in the world with high quality of life. The island’s strong inclination to art and culture adds to its enviable lifestyle. It also has the most gorgeous Mediterranean beaches, plus ancient history dripping from every rock.

Strategic location

Cyprus is geographically located between Africa, Europe and Asia, which makes it an ideal Cyprus Real Estate. This strengthens its position as a renowned international business and services center. This positioning also allows Cyprus to act as a point of exchange between these continents. It also makes the island an active transshipment center that facilitates the shipment of goods in and out of the country.

Low crime rate

The crime rate in Cyprus is considerably lower than that of many other European countries. This has encouraged peaceful family life in the country and also peaceful co-existence among the people. This is also because of both the culture of inhabitants as well as the small size of the country hence secrets are kept silent leaving no room for crime to flourish.

Advanced infrastructure

Cyprus is home to sophisticated roads with multiple lanes which allow for faster and efficient movement between points. It has two world class international airports in Larnaca and Paphos which play a pivotal role in linking Cyprus with numerous global destinations.it also has two deep sea ports in Larnaca and Limassol which are popular pause points for international cruise liners. They also utilize logistic solutions which increase efficiency and reduce on cost.

The country has a satellite and submarine fiber optic cables which connect it to the rest of Middle East, Europe and Asia hence it is considered a telecommunications center. Some parts of the country like the eastern Mediterranean have fast internet connectivity.

Furthermore, Cyprus has a booming tourism industry, macroeconomic stability, reliable and not only reliable but also affordable health services and an English-based system of education which boosts its credentials as a desirable investment destination.

Affordable Cyprus property

Property for sale in Cyprus is usually at a low and affordable price hence making it convenient for purchase. The purchasing process of Cyprus property is also reliable since they payment is done by the completion date agreed by the buyer and the bank.