Buying in Cyprus

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Buying in Cyprus


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Old 5th July 2020, 11:21 PM
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Hello all,

I'm looking to buy a holiday home in Cyprus with inheritance money from my dad and have been advised by an estate agent mate here in England to only buy an apartment above the ground floor due to security reasons alone, in his words, nothing on the ground floor so that rules out villas and townhouses. That said, I do know that Cyprus has a very low crime rate, one of the lowest in the EU, certainly know from experience of holidaying in Cyprus that you hardly ever see or hear the police going by compared to here in England.

The area my wife and I are looking at buying in is Peyia, I've done a shed load of research since registering with a place in the sun almost a month ago. I'm mostly in contact with West Coast properties and was allocated Esme Palas of Michaal Kyprianou solicitors by a place in the sun, before recently instructing her earlier this week. I've checked out Esme's profile and seen that's she bang on, highly proficient, of a no stone upturned, meticulous nature and like a dog with a bone with an eye for detail. I've spoken with Esme and she's opened my eyes to buying in Cyprus in terms of her professional knowledge.

Currently got 7 apartments shortlisted for viewings, flights booked to fly out on 3rd to 6th August. Saw today that Cyprus' reopening date for Brits has been moved back from 15th July to 1st August, so time's tight for us if that holds firm although flight dates can be moved back along with current flexible hotel bookings.

I've got a current favourite apartment in the PMP Adamia apartment complex block in Peyia with a sea view to die for, had a video viewing carried out on and had lots of questions answered about it from the West Coast, Esme has confirmed that the title deeds are all clear which is my no.1 concern as this is precious money that I won't risk a penny of.

My wife however seems to prefer Tala as an area from the research we've carried out to date. We've always intended to do our area research while out there for viewings in terms of checking out the local amenities as you only see so much with YouTube videos.

I'd appreciate any advice, guidance and helpful tips helping us in making this massive decision to buy in Cyprus, so thanks in advance.
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Old 6th July 2020, 05:15 AM
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Hi Milwallsteve

I hope your find the holiday home you're looking for and the purchase goes through without problems.

As you're buying an apartment, you need to be aware that you'll pay common expenses to the Management Committee for the insurance, maintenance, repair and management of the building.

Your lawyer needs to check how much you'll have to contribute to the expenses. (You can read more about Management Committees in an article on my website that was written by an independent lawyer in Limassol - Managing Cyprus apartments and building complexes.)

A couple of documents you should read:

Property Buyers Checklist

Property Inspection Checklists

I hope these help you avoid the most common mistakes people make when buying property here.

Good luck

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Old 6th July 2020, 08:14 AM
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Thanks for that Nigel which I'll check out in time even if some of it's replicating information that I've already read, as it's all part of my ongoing research.

Steve

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Old 6th July 2020, 11:43 AM
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There's not much I can add except that I am in agreement with your wife re Tala v Peyia.

Apart from the lovely village square in Tala which is lacking in Peyia if there is a water shortage which often happens Peyia has lots of water cuts.
Tala is a little closer to all the ameneties of Paphos yet still close to Coral Bay, the Akamas etc.

Also although there are a lot of Brits in Tala it is not as much little England as Peyia.
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Old 6th July 2020, 01:04 PM
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Hello Veronica and thanks for that info which is noted and very useful to bear in mind. We've seen a YouTube video of the Tala amenity square which looks very nice.
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Old 7th July 2020, 01:31 PM
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Hi - I was interested to hear the recommendation to avoid ground floor flats - any feedback from others about how valid this is since it obviously potentially impacts other considering the move - and not just flat buyers - is domestic crime really of such a concern ?

I have noted that in Spain for example a large number of properties do seem to have functional grilles/bars on ground floor windows etc.

Jim

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Old 7th July 2020, 04:15 PM
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Quote:
Originally Posted by Shotokan101 View Post
Hi - I was interested to hear the recommendation to avoid ground floor flats - any feedback from others about how valid this is since it obviously potentially impacts other considering the move - and not just flat buyers - is domestic crime really of such a concern ?

I have noted that in Spain for example a large number of properties do seem to have functional grilles/bars on ground floor windows etc.

Jim
When we first moved to Cyprus burglaries were few and far between. Unfortunately with the influx of Eastern Europeans after Cyprus joined the EU crime has risen a lot. Peyia in particular has a lot of break ins because of the large number of empty holiday homes and Chinese owned properties which are mostly empty. However I think most of the break ins tend to be villas as the burglars think they are more likely to have a lot of valuables in than apartments.

There are some large villas in Peyia that are occupied by criminal gangs of Romanian Gypsies whose women beg and intimidate shoppers in supermarket car parks while the men burgle houses. They drive around in flash Mercedes trying to look affluent.
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Old 7th July 2020, 04:25 PM
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Quote:
Originally Posted by Shotokan101 View Post
Hi - I was interested to hear the recommendation to avoid ground floor flats - any feedback from others about how valid this is since it obviously potentially impacts other considering the move - and not just flat buyers - is domestic crime really of such a concern ?

I have noted that in Spain for example a large number of properties do seem to have functional grilles/bars on ground floor windows etc.

Jim
Hello Jim,

It's a fair point about avoiding any ground floor property with those that have internal security devices and for properties within gated areas or complexes with security on-site.

I didn't mean to generalise as it was only a summary of what my EA mate in England told me so I'm just bearing it in mind and treating all ground floor properties the same as it's the safest option to me in my mind, as I'll only buy abroad once.

It might not apply to all ground floor properties tbf, but as I said.
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Old 7th July 2020, 04:29 PM
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Sorry, meant to say that there are those that should be that much more secure when unoccupied with added security as you said
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Old 7th July 2020, 04:37 PM
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Thanks for that info Veronica as it's useful to know, the property that we're very close to having an offer accepted on is on the 2nd floor but as I've said that I'm swerving anything on the ground floor regardless of the type of property.

We have a number of shortlisted properties in various areas that we intend to view if they're still available once we can finally fly out from August 1st onwards as it stands atm.

Steve

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