Why buy real estate on Cyprus?
Cyprus is the third largest island in the Mediterranean after Sicily and Sardinia. While the island belongs to Asia geographically, the country is also part of Europe culturally and politically.
Cyprus is a beautiful island, where Aphrodite stepped out of the foam and the entire milieu bears its footprint.
Cyprus is not only a beautiful Mediterranean island, but also a dynamically developing region. The beaches of the island are world famous and with the increase in the number of tourists, explosive real estate and infrastructure developments have started all over Cyprus. Hotels, roads, beaches, parks and golf centers surrounded by high quality service units are being built close to the shores.
At the moment, the real estate market offers apartments and condominiums for investment with a very good price range and favorable constructions, which can be rented out almost certainly in the 8 months of the year.
Our company, Privilege Properties was established with the aim of helping its clients to make the best possible real estate purchases on the island of Cyprus.
How can I buy real estate/property?
Our company Privilege Properties provides full assistance in selecting a property in Cyprus as well as completing the purchase. Experienced colleagues will help you in assessing the specific needs, the selection of the property, as well as carrying out their purchases.
I chose a property what I like, what will happen?
Our colleague will be looking for one of the contacts you have provided shortly, and will provide more information about the possibilities in a personal meeting.
Do I have the opportunity to view the property on the spot?
Of course, our colleague will accompany you and your partner to Cyprus. Our company will provide free accommodation for three nights. Your cost is your flight ticket and well as a one-time transfer fee from Larnaca Airport.
What is the purchase process?
The first step in the purchase is the deposit, usually costs € 3,000 - 5,000, which applies for one week. If no purchase is made after this, the deposit will be forfeited.
When concluding a contract, 30 % of the purchase price must be paid, depending on the builder company for the remaining amount, it is available for 1 - 2 years without interest.
If you have any other questions, please contact us, our company is a committed believer in full information, and our legal advisor is at your disposal for any questions you may have during the conclusion of the contract.
Are there other costs in addition to the purchase price?
Yes, normally to be expected with the costs that occur in the event of a home purchase real estate as well.
The following costs are usually incurred, we can tell you the exact fees before buying the property.
- Cyprus lawyer's fee
- local tax
- Value Added Tax (reduced rate VAT)
- the fee for the installation of the electric meter and the water meter
We can provide accurate data with the knowledge of the property, please contact our colleagues!
What currencies can I pay?
Payment is possible in Euros, British Pounds, US Dollars.