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CYPRUS VILLAS HOLIDAY RENTALS

Buying a property in Cyprus

In recent years buying a property in Cyprus has become extemely popular, particularly with UK nationals.

There is something very rewarding about owning your own second home in another country and many find that this arrangement is more preferable to seeking a different destination for each holiday. Since the advent of low cost air flights the Cypriot property buying business has become huge.

There are an increasing number of property exhibitions that aim to persuade you to purchase brand new or nearly new properties in Cyprus. Sales staff are skilled in using highly seductive marketing methods to sell as many as possible. Like all other salespeople, they know that if a customer has time to go away and think about a purchase, then a sale is lost as is their commission! You should not however feel pressured into ‘signing on the dotted line’ there and then.

You should always seek expert advice when buying your first Investment Property in Cyprus. However this article aims to provide a basic insight into points to remember or consider when you embark on buying property in Greece.

The climate in Cyprus is exceptional and temperatures in the summer months can be much much higher than in countries like France or Spain. The cost of living is much lower than in the UK and this is one of the main reasons that many seek to retire to Cyprus.

Incomers to Cyprus generally fall into one of three categories. Whether you are looking for a holiday home, a permanent retirement home or a second home Cyprus has a great deal to offer. However, you will need to have sound finances before embarking on the purchase of your property in Cyprus and this is because any incomers to the country are not allowed to work or earn a living on the island and consequently you can expect careful checks to be made of your finances before you are allowed to settle. The rules that disallow incomers to earn a living in Cyprus also extend to making a business out of renting your property. You would be allowed, however, to rent out your property
to cover some of the costs. You would not be permitted to buy one holiday home for your own use and another for rental purposes.

Language is not generally a problem in Cyprus as English is widely adopted as a second language. Another big advantage for British drivers is that the Cypriot's drive on the same side of the road as in the UK! Petrol is also very cheap compared to current UK prices.

You must obtain an immigration permit if you are seeking to retire to Cyprus. No cars or household goods from other countries are allowed into Cyprus except other left hand drive cars which can stay on the island for no longer than six months.

Mortgages in Cyprus are fairly easy to come buy providing the lenders are satisfied of your ability to repay the loan. The first step after the purchase agreemnet has been signed, is to obtain, by written application, permission from the Council of Ministers. The remaining process is very similar to that in the UK with a legal representative being appointed and transfer of property ownership being made through the Cyprus Land registry Office.

The title deed will then be issued to the purchaser and once the purchase is completed, prepare yourself for an annual ownership tax levied by the government and depending on the property value, another tax may be levied by the Municipal authorities!


December 2005



CYPRUS VILLAS HOLIDAY RENTALS - 18 examples from our database

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VACATION RENTAL: Villa in Secret Valley Golf Resort, Paphos, Cyprus
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Prices from GBP500

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VACATION RENTAL: Walnut Grove, Kato Paphos, Cyprus
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Prices from GBP350

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VACATION RENTAL: 3 bedroom Villa Emba Sleeps 8, Private Pool, Sea Views, Sky TV, 8m Coral Bay & P
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Prices from GBP301

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VACATION RENTAL: Stunning 3 Bedroom Villa with Private Pool and Magnificent Sea & Mountain Views.
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Prices from GBP350

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VACATION RENTAL: Nicoletta Court, Kato Paphos, Cyprus
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Prices from GBP245

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VACATION RENTAL: The villa is built to a very high standard
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Prices from GBP380

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VACATION RENTAL: A lovely comfortable property perfect for two couples travelling together or sma
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Prices from EUR555

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VACATION RENTAL: Extremely high standard of accommodation offering great views from the balconies
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Prices from GBP380

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VACATION RENTAL: A well equipped, high quality, spacious 2 bedroom villa 150m from the sea.
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Prices from GBP350

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VACATION RENTAL: The villa enjoys fantastic views from the terrace and upper balcony
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Prices from GBP380

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VACATION RENTAL: LUXURIOUS 3 BED VILLA WITH INFINITY POOL
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Prices from GBP550

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VACATION RENTAL: Residing amongst a 13-villa complex sharing a large communal pool
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Prices from GBP200

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VACATION RENTAL: Cyprus villas on beach Own pool Polis villa Cyprus villa
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Prices from GBP453

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VACATION RENTAL: Luxury three bedroomed villa with private pool
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Prices from GBP375

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VACATION RENTAL: Luxury villa on an award winning complex
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Prices from GBP350

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VACATION RENTAL: Luxury Private Villa with Private Pool
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Prices from EUR550

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VACATION RENTAL: Esentepe Seaside Villa - Northern Cyprus Villa Rental
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4 Bedrooms

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VACATION RENTAL: Luxury 4 Bed Villa with Private Pool
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4 Bedrooms

Popular Towns/Cities for adverts within Cyprus

KATO PAPHOS VILLAS - PAPHOS - Villa Rentals  KATO PAPHOS VILLAS 4 adverts present in our database.

CORAL BAY VILLAS - PAPHOS - Villa Rentals  CORAL BAY VILLAS 3 adverts present in our database.

ESENTEPE VILLAS - KYRENIA - Villa Rentals  ESENTEPE VILLAS 2 adverts present in our database.

SKOULLI VILLAS - PAPHOS - Villa Rentals  SKOULLI VILLAS 1 adverts present in our database.

KOUKLIA VILLAS - PAPHOS - Villa Rentals  KOUKLIA VILLAS 1 adverts present in our database.

EMBA VILLAS - PAPHOS - Villa Rentals  EMBA VILLAS 1 adverts present in our database.

PEYIA VILLAS - PAPHOS - Villa Rentals  PEYIA VILLAS 1 adverts present in our database.

EPISKOPI VILLAS - PAPHOS - Villa Rentals  EPISKOPI VILLAS 1 adverts present in our database.

CHLORAKAS VILLAS - PAPHOS - Villa Rentals  CHLORAKAS VILLAS 1 adverts present in our database.

POLIS VILLAS - PAPHOS - Villa Rentals  POLIS VILLAS 1 adverts present in our database.

ALSANCAK VILLAS - KYRENIA - Villa Rentals  ALSANCAK VILLAS 1 adverts present in our database.

KYRENIA VILLAS - NORTH CYPRUS - Villa Rentals  KYRENIA VILLAS 1 adverts present in our database.

DISCLAIMER: You should note that all property information listed on this website has been provided by the advertisers and no guarantee can be given by Structured Internet Ltd regarding any of the properties listed. Whilst every care has been taken in publishing the information, Structured Internet Ltd is not responsible for individual content and will therefore not be liable for any misunderstandings, errors, omissions, or claims arising from any enquiries or bookings made with an advertiser. You are advised to take the necessary steps to assure yourself of the legitmacy of any information published before renting or buying a property and ensure all details, booking conditions, prices etc are confirmed by e-mail or in writing with the owner or vendor. Travel Insurance is essential and you should always ensure that you get adequate cover from a reputable supplier.

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