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There are also many benefits to owning a property on this lovely island.
One of them is that all Cyprus properties are FREEHOLD, so if you're buying an apartment, you own a share of the land.
There are many other benefits to buying a property in Cyprus such as year round sunshine, low cost of living and a very low crime rate.
Other Benefits include:
- No inheritance tax
- Cyprus is now in the Euro
- The legal system is based on British system
- Cheaper flights to Cyprus
Estate Agents...
All estate agents are required by law to be licensed and have insurance. A licensed estate agent is required to advise you of the bad points as well as the good ones about any property.
You should make sure you do not use one of the many non-registered agents - ask to see the license which must be displayed in the office. Legal estate agents are members of CREAA, the Cyprus Real Estate Agents Association.
Click here for information on Buying Property in Cyprus
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