Buying Property in Cyprus – Essential Things to Keep in Mind

Buying Property in Cyprus the Easy Way : Essential Advice

Buying Property In Cyprus is becoming increasingly popular. There are many things that are helping the property boom on this small Mediterranean island. The weather in Cyprus is a key factor, but as well as that, the people of Cyprus make this an ideal destination to buy a second home or an investment property.

This article will give you advice on buying property in Cyprus. These tips will help you to make educated, solid decisions when it comes to buying your investment property in Cyprus.

Get the Right Professionals Working for You

If your first language is English then make sure you use a bilingual lawyer. There are a number of good lawyers in Cyprus. If in doubt you can always speak to expatriates that live in the area.

Also, if you are dealing with estate agents, make sure they are clear on your requirements and that you are clear on your legal obligations before you sign anything. You should aim for any professional that work for you being able to communicate with you in English. Many of the professionals on the island that deal with selling Cyprus real estate are used to dealing with English speaking buyers and are therefore used to having to converse in English.

One of the key things to keep in mind is whether you are actually going to live there permanently, as a holiday home or whether you just want a place as an investment that you are going to rent out.

When you are considering buying property in Cyprus you need to know who you are going to be renting the property to. Are you planning on renting it out to the locals on a long-term basis or are you planning on renting it to holidaymakers. Either of these might be the right choice for you, but it depends on your situation, which part of Cyprus you plan to buy in and what you want to get out of your property investment.

Something that is making buying property in Cyprus even more attractive in the last few years is the abundance of cheap flights. There is an increase in competition for flights to Cyprus and this in turn has meant that the prices have been decreasing. Whether this will continue is anyone’s guess since the World economy is currently struggling and there is a real danger of flight prices increasing in the near future. However, whether you fly into Paphos or Larnaca, you should enjoy a peaceful flight of about four and a half hours from the Major London Airports.

One of the major advantages for English speakers looking at Cyprus property is that because the island was under British rule for a number of years, English is widely spoken and understood.

Don’t Buy Anything Without Getting Good Advice

If you decide to buy a second-hand property then you need to be aware of any problems with the property. It would be advisable to take along a professional with you so that he can give you an idea of the cost of any repairs or renovations that need to be done. Then be sure to calculate this into the price you offer.

If in doubt, then make sure you get a bank survey carried out. This should give you a good indication of the real value of the property.

Buying property in Cyprus can be one of the best decisions you ever make. The weather, the people and even the history of cyprus, make owning property there worth while. However, as when buying any property investment, you need to make sure you do your research well in advance so that you are not going to have any nasty surprises.

After reading this article, you should now be suitably equipped to start to seriously consider investing in property in Cyprus.

History of Cyprus

The history of Cyprus is depicted by its numerous ancient monuments, monasteries and churches of a civilization period of over 9000 years Lying at the crossroads of three continents namely, Africa, Asia and Europe, Cyprus, although it is only a small island it is steeped with history and rich in cultural heritage. . However, it has a tumultuous past consisting of several attacks and has paid a huge price in order to gain independence in recent times.

There is a lack of evidence to suggest exactly when the first habitation of human form took place on the island. However, the history of Cyprus leads us to believe the earliest of a definite nature goes back to 8500 BC and we know this from a tool kit which was found within a cave dwelling in the Akrotiri Peninsula.

Settlers came from Asia Minor on rafts during the Stone Age or Neolithic period and put down at Kastros, Khirokitia, and Tentra. The remains of these beehive style stone houses can still be spotted today from the road between Nicosia and Limassol. Following on from this, between 2500 and 1050 BC the Bronze Age saw a large number of immigrants arrive from Anatolia and Mycenae.

Settlements in Morphou, Nicosia and Sotira began to flourish between 2300 and 1900 BC and the latter part of that period saw many fortresses erected as a means of protection from attackers trying to conquer the island. Certain areas developed into significant trading centers and people from the countries around Cyprus began to arrive. At this point the history of Cyprus advanced in culture and the relationship with Greek nationals was made stronger in as far as customs, language and religion were concerned.

The Achaeans arrived between 1230 and 1190 BC and this saw the building of many new cities which later developed into city states and kingdoms of independence.

During 1190 to 1150 BC the land was continuously raided by Assyrians, Egyptians and Persians. Around this time a series of disastrous earthquakes totally destroyed many cities in Cyprus and the following century was spent re building the old cities along with new ones. Up to 750 BC Phoenicians came and took control at a place called Kition. This became their stronghold which prospered along with towns such as Salamis, Paphos, Curium and Amathus.

Shortly after the Assyrians rule which was between 709 and 669 BC the history of Cyprus shows a very unusual era of independence and this lasted for just under a hundred years.

Then came the conquering by the Egyptians which allowed the Cypriot Kingdoms to remain self governing but taxes had to be paid to Egypt. In 546 BC the Persians took over for around 200 years until the King of Salamis, Evagoras I, fought and defeated the Persians and Cyprus once again came under the authority of Egypt with all of the Cypriot Kingdoms being abolished by 312 BC.

In 58 BC when Rome ruled Cyprus, Christianity multiplied nation wide and the first dioceses were established when Apostles, Paul, Barnabas, Mark and Paul landed on the island. At the end of the Roman period Cyprus became part of the Byzantine Empire, otherwise known as the East Roman Empire and the history of Cyprus shows that this was a time of great prosperity.

Richard the Lion Heart, King of England, stopped during bad weather at Limassol while on one of his crusades and conquered the island, in order to sell it to raise money for further adventures. He sold it to the Knights Templars who after realizing what a bad investment they had made, in turn sold it back to him at a loss.

Richard then disposed of it to another crusader, Guy de Lusignan who managed to reduce the Cypriots to the status of serfs. The Latin Church took over and the Orthodoxy was persecuted. The island prospered greatly because of trade and the city of Famagusta took the title of one of the richest cities of the Eastern world. However, following the death of Peter I, the Lusignan influence weakened, numerous and frequent raids of the island took place and widespread devastation was caused.

The Genoese took Famagusta and asked the Venetians for assistance who decided to take Cyprus for themselves. The Medieval era was brought to an end when the Queen of Cyprus handed Cyprus over to the Venetians, who persecuted the Greek Orthodox Church. Huge defences were built as protection against the threat of Ottoman invasion but the Venetian period was finally over when the Turks took Nicosia and Famagusta by storm.

And so, the Turks ruled. The Orthodox Church prevailed once more and the Latin Church was banned. At this point the history of Cyprus saw a clear economic fall and in 1878 Cyprus was given to the British for defense and administration purposes but it still remained the Sultans property. The Treaty of Lausanne dated 1923 shows that Turkey renounced all claims to the island and once again Cyprus started to flourish and prosper under British rule.

More recent history of Cyprus shows that in the 1950’s Cypriots asked for recognition and independence and in 1958, Harold Macmillan, British Prime Minister, put forward plans and following Greco-Turkish discussions, Cyprus became an independent state as detailed in the Zurich Agreement.

During 1970’s Cyprus was invaded by Turkey and the Turks still illegally occupy nearly 40% of the country. The North of the island was declared as the Turkish Republic of Northern Cyprus. However, this is a fact that is only recognized by Turkey itself and a green line on the map separates the South from the North of the island. The South has bloomed with tourism, and even though the North receives many tourists, the area has steadily declined while being occupied by the Turks.

All About The People of Cyprus

The people of Cyprus are made of a mix of many different cultures and religions. Christianity is very popular in Cyprus parts of Cyprus, however in North Cyprus Islam also has a very strong following.

The people of North Cyprus take the teachings of the Koran very seriously and that, combined with their naturally occurring friendly instincts, make them some of the most gracious hosts you could ever hope to meet. They are very helpful and will gladly invite you into their homes as a visitor and not just for a spot of tea or coffee but they will share whatever food they may have with you.

Their courtesy is not readily found anywhere else in the world and they take unbounded delight in having the company of new friends. The most poor in Cyprus, found in remote villages like Karpaz, will open their home to you and give to you whatever you may need. They are bound by their honour and the teachings of the Koran in providing new friends with the best they can offer and to be the best host with the best manner they possibly can have.

The people of Cyprus have a tendency to make friends from foreign lands feel as though they are suffering from an exuberant amount of kindness after being filled with food and drink for hours upon hours all the while not being able to refuse anything as to not hurt the feelings of the host.

The first thing a tourist will notice will be how warm hearted the people of Cyprus are. They have a true sense of family loyalty and respect. You will see a hotel courtesy bus, meant for guests, stop on the side of the road to pick up children and drop them home from school or picking up an old woman returning home from shopping with the driver helping with heavy bags.

It is a really old-fashioned courtesy and kindness that more people in the rest of the world could learn a thing or two from. It is a cold hard fact that the west is greatly lacking in even the most rudimentary ideas of hospitality. The people of Cyprus are polite, helpful and they truly want you to enjoy your time with them.

The country of Cyprus has had over the years many foreigners visiting, moving to or just passing through on their soil and always leaving behind a bit of their culture. The people of Cyprus have their own identities despite the little droppings of cultures. They will defend themselves fiercely and point out quite assuredly how they are not from the mainland and that Turkey itself could seem like a world away.

They are a laid back people with a “whatever comes may be” attitude. Visitors to Cyprus have no worries of being over-charged for meals or goods. Waiters will not stand at your table awaiting tips to be placed in their hands because during meals in restaurants or during shopping outings you are made to feel like you are welcome. It is commonplace for a shop owner to offer you a beverage, particularly a cup of real Turkish coffee and, keep in mind; it is not polite to leave before the coffee gets cold.

What’s the Weather in Cyprus Like?

The Weather in Cyprus

So, you have decided that Cyprus is going to be the destination of your holiday this year or an ideal place to buy property in. Now all you have to do is think about which time of year you would prefer to travel to this beautiful island.

If you are lucky enough to be able to take your holidays whenever you choose, then the weather in Cyprus may be one of the factors to take into consideration when making your plans.

With around 40 days when it may rain between the months of November and March you would be quite unlucky to experience a holiday without any sunshine at all.

This averages out at eight days per month during this period, and some of those rainy days are quite often one after the other, so if your idea of a holiday is purely sun, sun and more sun, you should really plan to visit Cyprus between April and October when you are more or less guaranteed continuous sunny days, especially between June and September.

Let’s start at the beginning with what you can expect weather-wise in the first quarter of the year.

January is considered to be winter in Cyprus and although you are likely to see a little rain you will also catch a few rays of warm sunshine too. It is best if you take light winter clothes for evening wear but you will still get to use your t-shirts and shorts during the day.

Throughout February you can expect temperatures to be pleasantly warm in the daytime, but still a little cooler in the evenings. February is a great time to take advantage of the many excursions on offer, especially through the countryside as the spectacular almond blossom can be seen in full bloom.

At this time you will feel that spring is definitely in the air but for those of you who love ski-ing, the Troodos Mountains offer you the very best of winter sporting activities providing, of course, that there has been sufficient snowfall during the previous winter months.

March sees the daytime temperatures rising to around 19 degrees or so each day, just a few degrees warmer than January and February, and a spot of sunbathing is well and truly on the cards. However, it can still be a little chilly in the evenings so remember to pack a lightweight jacket or cardigan.

The second quarter of the year really sees the weather in Cyprus start to heat up to anywhere between 22 and 30 degrees on average. April arrives and with it the weather takes on a bloom of colour showing that spring has definitely arrived.

This continues into the month of May, when you will need more and more summer clothes and can feel quite confident to leave your winter style apparel at home. June is the start of the summer season in Cyprus, where you can expect everyday sunshine, the weather in Cyprus in now perfect for bathing in the sea or lazing around the pool. Evenings are warm and you are unlikely to feel the need to cover up.

Continuing on into July and August, these are the hottest and most humid two months of the year as far as the weather in Cyprus is concerned. With temperatures reaching the mid thirty degrees each day, it is perfect weather for water sports and bathing. Make sure you protect yourself with an adequate sun factor during these months as the sun is extremely hot and powerful.

September sees a slight drop in temperature although you will still get plenty of hot days on the beach or by the poolside. However, it is worth packing those lightweight items of clothing for the evening, just in case.

October, November and December are the months approaching and leading into the winter time in Cyprus and this is when the temperature shows quite a dramatic drop from mid 20’s in October, to the much cooler climes of around 19 degrees in December.

The winter weather in Cyprus still allows for outdoor activities to be enjoyed and eating al fresco is just as popular at this time as it is during the rest of the year, so long as you bear in mind you may need to cover up a little in the evenings.

**Nothing on this website should be confused with financial or legal advice. If you need this, or any other type of advice, please seek the help of a competent professional. In addition, because real estate laws change all the time and differ from state to state, and even city to city in the same state, everything in these pages should be considered general marketing advice and ideas. Please see link to full Disclaimer at the bottom of this page.

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