Property For Sale in Cyprus - Cyprus Properties With Title Deeds

Cyprus is a little marvel. Cyprus offers the most beautiful Mediterranean beaches, as well as historic history flowing from every rock, and property in Cyprus is quite affordable. It offers mild winter sun as well as some skiing opportunities. It has a long history of British friendship and influence, as well as a vibrant Greek culture. It boasts a vibrant nightlife for the younger set, as well as a robust network of more sedate activities for the numerous retirees.

Cyprus has a number of advantages, and the British aren’t the only ones who have spotted them. It is becoming more and more popular among house searchers, and it has a promising future as a worldwide holiday destination at the crossroads of East and West. Cyprus, like Malta, is drawing not just tourists but also businesses and investment. Think of Peter Andre, Theo Paphitis, and Sir Stelios Haji-Ioannou, the creator of easyJet; you’ll most likely go there in one of his planes. Not bad for a country with a population of only 900,000.

Due to negative press (often deserved) regarding miss-sold mortgages, dishonest developers, and a problem securing title deeds, Cyprus slipped off the radar for many British holiday-home searchers and relocators during the financial crisis. These issues have mostly been resolved, and a new generation of Cypriots may now come in and take advantage of low property costs. Between 2010 and 2015, prices dropped by up to 50%, according to the Royal Institution of Chartered Surveyors (RICS). In those sun-drenched hills with the breathtaking Mediterranean vistas, there are some great bargains!

Cyprus is nearly the same size as Devon and Cornwall combined, being 240 kilometres long and 200 kilometres broad. It has been split politically for decades, since since the island was violently partitioned in 1974, forcing 250,000 Greek Cypriots to flee their homes in the north. As a result, few individuals are prepared to purchase property in the north due to concerns about title difficulties.

The Troodos Mountains run across the southern half of Cyprus, descending down to the beaches through oak, pine, and cypress forests and rocky slopes. Paphos, in the south-west, and the villages around it have always been the most popular places for British purchasers. Paphos is a fast-growing town that is gaining popularity among both young families and the elderly. It features a year-round airport with direct flights to the United Kingdom.

Limassol, Cyprus’ second-largest city (after Nicosia, the capital), has been luring international purchasers to its fantastic new marina. Another well-known location is Ayia Napa in the extreme south-east, which was originally synonymous with young vacation excesses but has now significantly toned down.

As it looks to a bright new future, genuine efforts are being made to repair this divided country.

The region around Paphos, an excellent harbour, resort, and Unesco World Heritage site on the south-western coast, is the most popular among British purchasers. Many of the island’s historic features are located here, including a mediaeval stronghold, frescoed tombs, and mosaics, as well as conveniences for every need, including its own airport with year-round easyJet flights to the United Kingdom. It’ll also get a new marina, better roads, and an overall makeover as it prepares to host the European City of Culture in 2017.

Apartments in central Kato Paphos, which start at roughly €70,000, are popular, as are the traditional Cypriot villages of Peyia and Tala just outside the town, and the five-star Aphrodite Hills resort nearby.

There are many inexpensive residences in Peyia, ranging from apartments for €40,000 to three-bedroom townhouses for little over €100,000 to five-bedroom villas for €250,000.

Although your money doesn’t stretch quite as far in the peaceful town of Tala – and there are fewer houses for sale – you can still purchase a one-bedroom apartment for €60k or a three-bedroom mansion for €250k. Another popular vacation location is Coral Bay, which has Blue Flag beaches and three-bedroom villas ranging from €230,000 to €300,000.

Polis, for example, is a tiny, attractive hamlet on Chrysochous Bay’s northwestern shore, near the Akamas peninsula, an extraordinarily magnificent natural reserve. Polis boasts some of the island’s nicest beaches, located in isolated bays with crystal-clear seas and a vibrant café culture, particularly in Latchi, Polis’ picturesque harbour with its recently expanded marina. Apartments start at €60,000 and villas start at €250,000, which is a little less expensive than Paphos.

Resale apartments in the Aphrodite Hills golf and equestrian complex start at little over €100,000, but frontline golf villas cost over €700,000 and above.

Limassol is Cyprus’ second biggest city. It is particularly popular with the Russian market as a vibrant city and economic hub with world-class shopping and cosmopolitan restaurants in its world-class integrated marina. Due to the great demand, prices are slightly higher than in Paphos – apartments start at €90,000, while villas cost over €300,000. Limassol Marina properties range in price from roughly €340,000 to well over a million euros.

Buying a home in Cyprus is governed by English law. When a buyer discovers the correct property, they should pay a Reservation Fee of between €1,000 and €5,000 (depending on the property’s worth). It’s recommended to do so because many resale properties are offered by many agencies. Contracts are subsequently set up, laying out the terms of the sale, and a Reservation Fee of up to 10% (within two to three weeks) for a resale property and generally 20-30% for a new-build is paid.

The buyer’s lawyer files the Contract of Sale with Land Registry within 60 days after the buyer signs it, as this secures the property in the buyer’s name (s). With the application, buyers must provide bank and character references. On resales, the remainder is usually paid by the completion date agreed upon by both parties, while on new-builds, it is paid in phases by the developer.

Purchasing Costs

The following are the primary costs: Stamp Duty of 0.15 percent for homes under €170,860 and 0.2 percent for those exceeding that amount (this is for the Legal Stamping of the contract). Property Transfer Fees (or Stamp Duty as it is known in England) are 3% for the first €85,430 of the property’s worth, 5% for the next €170,860, and 8% for anything over that.

If there are two names on the contract, the amounts are twice, i.e. the first €170,860 is at 3%, and so on. Legal expenses are typically 1-2 percent, with agency fees ranging from 3-6 percent.

Issues with the title

In the past, there have been two major difficulties in Cyprus, both of which having to do with title. The first has to do with Turkey’s ownership of properties in northern Cyprus, which it has had since 1974. Prices are lower there, but much of the property is still owned by former Greek Cypriots, so any purchase there is dangerous, regardless of what realtors tell you.

The second difficulty is the sluggish issuing of title deeds in southern Cyprus, which, along with certain shady activities by developers in recent years, necessitates demonstrating clear ownership. Despite the fact that the authorities have accelerated the whole process – and are making significant efforts to make the purchase process significantly more transparent in every way – some buyers are understandably wary about purchasing without title papers.

Cyprus real estate

Search for property in Cyprus at cyprus.ilisters.com, which is part of iListers.com, Cyprus’s most popular property website. Cyprus is an island paradise in the Mediterranean Sea, with stunning landscape, gorgeous beaches, and ancient ruins. You may locate your perfect holiday property in Cyprus on cyprus.ilisters.com, which has a large number of villas, houses, and flats for sale. Cyprus.ilisters.com is the finest location to find the most recent property in Cyprus.

Cyprus has a diverse cultural heritage, having hosted people from the Middle East to Western Europe during the previous 9,000 years. As a result, Cyprus is a really unique and distinct country, as well as a fantastic location to live. Cyprus, the Mediterranean Sea’s third biggest island, is home to a broad spectrum of landscapes and cities. Property in Cyprus may be found in several lovely locales, from the pine-clad Troodos Mountains in the island’s interior to the busy streets of Nicosia. The characteristic pristine beaches and blue oceans attract a large number of visitors to Cyprus.

Thousands of visitors flock to resort towns like Ayia Napa to party late into the night. The shore is peppered with more peaceful villages and towns, featuring some excellent property in Cyprus for sale. Property in Larnaca, Paphos, and Limassol all provide beautifully historic settings in some of Cyprus’ most beautiful municipalities. Property among shady vineyards, historic monasteries, sandy beaches, lemon trees, and castle remains may be found all across the island. Cyprus is one of the most dynamic Mediterranean destinations!

Paphos real estate

Property in Paphos, a prominent seaside resort in southwest Cyprus, provides purchasers stunning scenery and some of the island’s most beautiful beaches. Despite the fact that New Paphos is the present inhabited city, there were two Cypriot cities named Paphos in ancient times: Old Paphos and New Paphos. Property in Paphos is varied and diversified, with something to suit everyone’s tastes thanks to the town’s rich history. Paphos is a popular tourist destination with gorgeous beaches, white-washed houses, and a charming harbour dotted with colourful fishing boats and restaurants. Paphos provides beautiful history, culture, and architecture in addition to being a fantastic vacation and second home destination. Your Paphos home may even pay for itself if you chose to rent it out to others when you are not using it, thanks to Cyprus’ great weather!

Limassol real estate

Limassol, Cyprus’ second biggest city, is the capital of the Limassol District and is located on the island’s southern coast. Limassol property on the beachfront is numerous, ranging from luxurious Limassol homes to more affordable Limassol flats. Limassol is the centre of the wine industry, so a home there would be ideal for weekend and vacation walks around the city streets after evenings spent wine sampling.

Larnaca real estate

Larnaca International Airport, Cyprus’s largest international airport, is located in Larnaca, Cyprus’s oldest living city, on the island’s west coast, making visiting your property in Larnaca delightful and simple! It is the island’s second biggest port and a popular tourist destination, since it is one of Cyprus’s major coastal resorts, boasting a 25-kilometer stretch of beaches in and surrounding the city. When you buy a home in Larnaca, you get the benefit of being close to magnificent beaches as well as the services and amenities of major tourist resorts. Phinikoudes and McKenzie are the two main beaches in Larnaca, both of which have been given Blue Flags for environmental purity. There are luxury beach hotels, apartments in Larnaca, and villas in Larnaca around the Larnaca Bay, with the city itself offering a diverse range of restaurants, taverns, cafés, and pubs.

Famagusta real estate

Famagusta is known for having some of Cyprus’ greatest beaches. The district’s golden-sand beaches softly hug the island’s eastern corner. The popular tourist destinations of Agia Napa and Paralimni have been described as a true paradise for watersports enthusiasts. The lovely environment includes Agia Napa’s little fishing harbour, the village’s mediaeval monastery, and the windmills and churches of Paralimni and Protaras. This area is known as “Kokkinochoria,” which means “red dirt villages,” and is the island’s primary potato growing location. This region’s villages are also famed for their folk poets, who are often regarded as the best on the island.