What do I need to know when buying property in Cyprus?

When we asked expats what advice they would give a foreigner before buying a property in Cyprus, they said...

"1. It is important to research the area you are looking to buy in, as well as the local market, to ensure you are making a sound investment. 2. You should also be aware of the legal requirements for purchasing property in Cyprus, such as obtaining a permit from the Council of Ministers. 3. It is also important to be aware of the tax implications of buying property in Cyprus, such as the transfer fees and stamp duty. 4. You should also consider the cost of living in the area you are looking to buy in, as well as any additional costs associated with owning a property in Cyprus. 5. It is also important to be aware of the different types of property available in Cyprus, such as apartments, villas, and land. 6. Finally, it is important to seek professional advice from a lawyer or real estate agent to ensure you are making the right decision when buying property in Cyprus," explained one expat living in Cyprus.

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