Cyprus
Should I buy or rent a home in Cyprus?
If you have not spent a lot of time in Cyprus, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Cyprus can be a great investment, as the country has a strong economy and a growing real estate market. However, it is important to consider the costs associated with buying a home, such as the cost of the property, legal fees, and taxes. Additionally, it is important to consider the long-term costs of owning a home, such as maintenance and repairs. Renting a home in Cyprus can be a more cost-effective option, as it eliminates the need to pay for a down payment and other associated costs. Additionally, renting a home can provide more flexibility, as it allows you to move to a different location if needed. Ultimately, the decision to buy or rent a home in Cyprus should be based on your individual needs and financial situation," commented one expat who made the move to Cyprus.
AGS Worldwide MoversGet Quote
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
AGS Worldwide MoversRelocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Get Quote
"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 another expat in Polis, Cyprus.
Other Questions:
- What do I need to know before retiring in Cyprus?
- How do I meet people in Cyprus?
- What is life like in Cyprus?
- Is there a lot of crime in Cyprus?
- Is there a lot of diversity? Are people in Cyprus accepting of differences?
- What are the schools in Cyprus like?
- Is the cost of living in Cyprus high?
- What advice do you have for expats having a baby in Cyprus?
- What are healthcare services like in Cyprus?
- Is the cost of living in Cyprus high?
- What type of recreational facilities are in Cyprus?
- What is the weather like in Cyprus?
- Are there good restaurants in Cyprus?
- Where will I buy groceries and do other shopping in Cyprus?
- What are the visa & residency requirements in Cyprus?
- Are healthcare and health insurance expensive in Cyprus?
- What do I need to know when buying property in Cyprus?
- Are foreigners allowed to own property in Cyprus?
- What appliances are typically included in a rental?
Should I buy or rent a home in Cyprus?
If you live in Cyprus, newcomers to Cyprus would love to hear your answer to this question.
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.
