Real Estate in Polis, Cyprus
Last updated on Jul 05, 2023
Summary: Expats and retirees talk about real estate in Polis, Cyprus? How do you find a home in Polis? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Polis?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Polis involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large villa. Next, you should research the different areas in Polis to find a neighborhood that suits your lifestyle and preferences. Some people might prefer a quiet, residential area, while others might want to be close to shops, restaurants, and other amenities. Once you have a clear idea of what you're looking for, you can start your search. There are several online real estate portals that list properties for rent or sale in Polis, such as Cyprus Property For Sale, BuySell Cyprus, and Purple International. These websites allow you to filter properties based on your criteria, such as price, size, and location. In addition to online searches, you might also want to consider hiring a local real estate agent. They can provide valuable insight into the local market, help you negotiate prices, and guide you through the legal process of renting or buying a property in Cyprus. When you find a property you're interested in, arrange a viewing. This will give you a chance to inspect the property in person and ask any questions you might have. Finally, once you've found a place you like, you'll need to negotiate the terms of the lease or purchase agreement, pay any necessary deposits or fees, and arrange for the move. Remember, finding a place to live can take time, so it's important to be patient and thorough in your search," said one expat in Polis.
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Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.
Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.
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What is a typical expat home or apartment like in Polis?
"A typical expat home or apartment in Polis, is often a blend of modern and traditional Mediterranean architecture. The exterior is usually white or cream-colored, with a terracotta or tiled roof. The interior is spacious and airy, with high ceilings and large windows that let in plenty of natural light. The living area often opens up to a private balcony or terrace, offering stunning views of the surrounding landscape. The kitchen is usually fully equipped with modern appliances, and the bedrooms are comfortable and well-furnished. Many homes also have a private swimming pool and a landscaped garden, perfect for outdoor living and entertaining. The homes are often located in quiet, residential areas, close to local amenities and a short drive from the beach. The apartments, on the other hand, are usually located in the heart of the town, close to shops, restaurants, and other amenities. They are typically smaller than the standalone homes but are still spacious and well-designed. They often come with a communal swimming pool and landscaped gardens. Both homes and apartments in Polis are built with high-quality materials and are designed to withstand the local climate, with features like double-glazed windows and air conditioning. They offer a comfortable and luxurious living experience, with all the conveniences of modern living, while still retaining the charm and character of traditional Cypriot architecture," said one expat in Polis.
Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.
Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.
What is the average cost of housing in Polis?
If you are thinking about moving to Polis, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Polis can vary greatly depending on the type, size, and location of the property. For instance, a standard three-bedroom villa in Polis might cost around €250,000 to €300,000. Apartments can be significantly cheaper, with one-bedroom units often priced around €70,000 to €100,000. However, luxury properties with sea views or those located in prime areas can cost significantly more, often exceeding €1 million. It's also worth noting that these are purchase prices, and rental costs would be considerably lower. As with any property market, prices can fluctuate based on a variety of factors, so it's always a good idea to research current listings or consult with a local real estate agent," remarked one foreigner who made the move to Polis.
Should I buy or rent a home in Polis?
If you have not spent a lot of time in Polis, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"We at first purchased a penthouse and enjoyed the life. Later we sold up and since then have always rented. It is a very easy process to purchase property and the developers guide you all the way through the process. It is advisable to have a good independant Lawyer/Soliciter," remarked one member in Poli Chrystopiou.
"The decision to buy or rent a home in Polis, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Polis for a long time, buying a home could be a good investment. Property in Cyprus has been known to appreciate over time, and owning a home could provide you with a sense of stability and the freedom to make changes to your property as you see fit. On the other hand, renting a home in Polis could be a more flexible option, especially if you're not sure how long you'll be staying. Renting doesn't require a large upfront investment and it can be easier to move if your circumstances change. It also means you won't have to worry about property maintenance or fluctuating property values. It's also worth considering the current property market in Polis. If property prices are high, it might be more cost-effective to rent until prices come down. Conversely, if property prices are low and you have the necessary funds, it could be a good time to buy. In addition, consider the cost of living in Polis. While Cyprus is generally considered to be a relatively affordable place to live, certain costs such as utilities and groceries can add up. If these costs are high, renting might be a more affordable option. Lastly, consider seeking advice from a local real estate agent or financial advisor. They can provide you with valuable insights into the local property market and help you make an informed decision," explained one expat living in Polis, Cyprus.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.