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 Cyprus Property \ Buying in Cyprus 

Buying in Cyprus

Advantages & Disadvantages

What to take into account: There are both advantages and disadvantages to buying a home in Cyprus, although for most people the benefits outweigh any drawbacks.

 Some of the many advantages have been outlined above; here is a summary of the main advantages.
  • Guaranteed sunshine and high temperatures for most of the year;
  • A very low crime rate;
  • Low taxation, especially for retirees;
  • An excellent quality of life;
  • A particularly low cost of living;
  • A slow, relaxed pace of life;
  • The friendliness and warmth of the Cypriot people;
  • 90 per cent of the Cypriot population speak English.
  • For Britons, there’s the added advantage that Cypriot legal and financial procedures are similar to those in the UK.

Naturally, there are also a few disadvantages, including:

  • Unexpected renovation and restoration costs if you buy an old property (and if you don’t do your homework);
  • The dangers of buying a property with debts and other problems (if you don’t take legal advice);
  • Restrictions on letting your property;
  • Overcrowding in popular tourist areas during the peak summer season;
  • Traffic congestion and pollution in some towns;
  • Water shortages in some regions (particularly during the summer);
  • The expense and time spent getting to and from Cyprus if you own a home there.

Article by Click to read more articles about Cyprus and many other destinations.


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