When people start out looking for property in Cyprus, they will look over all property types on offer, although anyone on a low budget will probably have to conform to an apartment. The best advice you can get for buying an apartment in Cyprus would be to have a good look round the Island, as prices can differ quite a lot depending in which area you are looking in. Always be wary of the most incredible offers and make sure you do a bit of investigation work into why a property is so cheap.
Cyprus is the ideal place to buy a second home as there are so many benefits and you will see the difference it makes to your life immediately. It is so important to start things off on the right foot and we certainly don't want to have any fuss at the purchase stage. It is a must that you have any doubts you may have answered by the agent and the owner, as there are often discrepancies. If you are unable to have contact with the owner then you should go back on your own and try and get in touch with one of the neighbors. If you find that everything is in order then make an offer and never accept the asking price. Remember that the vendors are in a rush to sell and they won't want to waste any time.
It is so important to get as much local knowledge as possible so that the operation finalizes smoothly. It will be more beneficial for you if you are a cash buyer and if not that your mortgage is already approved. You might fall at the first fence if you are caught up in a chain, so try and find out how the vendor is fixed for completing on time. Dealing with estate agents can be a tricky business anywhere, so make sure that you look at several and try and view a few properties from each. You will no doubt get a good feeling for somebody, so then just carry out a bit of internet research on that particular estate agent. Do let anyone push you and make sure you end up buying what you set off to buy and if you just aren't sure, then leave it for a while.
Today we are living through a property crisis throughout most of the world and as we see the market slow down, we see that it is the purchaser that now has the negotiating power. This though does not yet apply in Cyprus as this paradise Island is at its development peak and demand is still rising. This may be due to the fact that if you were to sell your small apartment in the south of England, you could then go on to buy a luxury apartment in Northern Cyprus.
So if you are at the point of no return and are about to sign your life away, just take the next few tips into consideration first. If it is a second-hand property it may need some work doing to it, just to bring it up to scratch. I would recommend you take a professional along with you so you can get an idea at what needs to spent on refurbishment and then make sure that you have allowed for this when making an offer. The best way to make sure that you are getting real value for money is to get a bank survey carried out. This will give you a real figure that will make it quite clear if you are paying over the odds or not.
The so called boom years may have gone in certain parts of Europe, but Cyprus is just flowing with investment opportunities. The property investment sector is headed by the sale of small studios and one bedroom apartments which are ideal for couples. The low budget sector is in fact ideal for those people with limited resources as they will not only end up with a second property, but also with a holiday home and a source of additional income as they are ideal for letting out.
You may well be asking yourself, where can I find some independent information on property investment in Cyprus. Well I can tell you where and that's at the blog linked below, which is an on-line information blog about everything associated with Cyprus. It really has looked at every possible step into purchasing property there so make sure you visit their blog before setting off to buy your investment property in Cyprus.
Discover these Cyprus Villa Tips written by the illustrious Tim Martins and check out his Cyprus Travel Blog