Buying a home, whether in Blighty or overseas, will very likely be one of the most expensive deals you are ever involved in. It is therefore essential for you to find out some basic information about the buying process. Cyprus is indeed a superb island on which to live or holiday, but to ensure you do not become a victim of incompetence or fraud --- do your homework first.

Only certain categories of people are considered to be eligible for buying land or property in Cyprus. Firstly, consider whether you are one of the chosen. You need to find out your status from the Cypriot Council of Ministers. It is not rare for permission to be denied, and to ensure that this is not the case with your application, be sure to work with a reliable and reputable estate agent, who provides you with up to date rules and regulations, as well as taking care of translations, where appropriate.

If you are lucky enough to be a European National, who is not currently resident in Cyprus , you may, at the time of writing, buy as much (or as little) land as you can afford. In theory, you are restricted to buying one villa or apartment. In practice, the word is that there are ways around this rule.

As with the purchase of any major asset, it is highly recommended that you obtain the services of an efficient and professional Cypriot lawyer to help with securing your investment. In view of the above requirement, it would be wise to consider appointing your legal representative well in advance of actually locating a property or land that you wish to purchase.

Another serious point to ponder, is that it is considered essential to secure the services of a knowledgeable and proficient local representative who will walk you through the process and liaise with your legal team. There are many permits and much paperwork to be completed and if you are a non-Cypriot, you would be wise to ensure professional representation in Cyprus.

Your application will have to include plenty of information about the property you wish to buy as well as full information about the current owner, along with full contact information for both parties. Your personal history is likely to be needed, along with certified copies of your passport, your current residence details and your financial situation.

It could be that it will take up to six months for your to buy that perfect ruin to renovate, but be assured that property in Cyprus is increasing in value all the time. And with quick and easy access to your home, whether for holidays or for rental purposes, you will be able to get many different choices of air fares. You may be able to actually move into your new property while you are waiting for the paperwork to be tied up, so ensure that your lawyers and local representatives are really on the ball with up-to-date and valid information.

After all the essential discussing and paperwork is over, you can be sure that buying a home in Cyprus will pay off, both in the short term and in the long term.
You can rest assured that the process is being taken care of professionally while making plans on how best to utilise your dream home on the superb island of Cyprus.


Enrico Nestler is a member of the Link Popularity team.