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ARTICLE · 12 NOVEMBER 2020

Buying Property In Cyprus

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Owning Cyprus property is considered to be a solid investment as the Cypriot economy shows clear results of improvement.

CyprusReal Estate and Construction
Antoine Saliba Haig
Antoine Saliba Haig

Owning Cyprus property is considered to be a solid investment as the Cypriot economy shows clear results of improvement. Lauded as an 'economic miracle', the Cypriot economy grew by 1.6% in 2016 and is expected to expand by another 2% in 2017.

Cyprus property legislation is straightforward, and the market offers viable options for both business and personal needs. Divided into two major hubs, the Cyprus property market consists of the urban centres of Nicosia, Limassol and Larnaca - mainly driven by local demand and the coastal area of Paphos, mainly driven by foreign demand.

Countering the risks

Drawing upon our expertise, we are able to ensure that the buyer is fully protected when purchasing Cyprus property. In this respect, it is crucial that one is aware of the possible risks, which include; the purchase of property in the North of Cyprus and the availability of the title deed relating to the property.

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