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Why use a property agent when buying in Cyprus?
Anyone who has ever purchased a home, knows of the many pitfalls that await a potential purchaser. These problems can easily multiply when you buy abroad, leading to increased costs and potential long-term issues with your property. All this can be avoided by using a highly reputable property agent for the entire process and, whilst it may cost a little more than completing th...
Top House-Hunting mistakes - What to look for when buying a house in Cyprus
Think of buying a property in Cyprus without the help of a property agent as trying to discover hidden secrets locked deep within a beautiful jewel. Explaining the analogy, the jewel is that ‘must have’ beautiful property that you’ve fallen in love with at first sight and which will be the envy of your friends and family, whilst the hidden secrets locked withi...
Life in Cyprus
Many people today look at the international news and wonder where in the world it’s possible to live safely and securely. The number of options are becoming increasingly limited but more and more people are recognising that one of the best options is the island of Cyprus. In fact the French travel insurance company Insurly, rated it 5th safest in the world in 2020 (https:...
Cyprus Need-to-know information - Infrastructure, Education, Medical care and more
Moving to a new country is an exciting new adventure for most people but there can be a measure of anxiety over the move too and that’s where it is beneficial to have access to advice from a company like Blue Sky that not only knows the local market but also the way of life in the country. Cyprus once had a railway, built by the British which operated for nearly fifty ye...
Cyprus - The property market over the last decade, summed up.
For the majority of the last decade, the Cyprus property market has been at the mercy of international events, in part through its reliance on tourism which is very sensitive to global events and economic crises. In a stable economic and political climate, countries like Cyprus which rely heavily on tourism can often convert those two weeks on a sun-drenched beach to fulfillin...
Why list your property with a real estate agent?
Many people who decide to sell their home, think they can make extra money by removing the small percentage allocated to a real estate agent. This seems like a great financial decision. But is it really? Let’s consider for a moment, who you perceive as the most important person in your initial real estate transaction. Contrary to popular belief - it’s not your la...
Tips to buying a house in Cyprus.
So, you’ve decided to purchase property in Cyprus, and why wouldn’t you? Excellent weather, low crime rates, tax benefits, affordable living costs, superbly located - the list of reasons to invest in Cyprus are seemingly endless. It’s easy to have your heart firmly invested when you find that perfect home, but when it comes to your head, the process is rathe...
Permanent residence Regulation 6(2)
Criteria for granting an Immigration Permit within the scope of the expedited procedure to applicants who are third country nationals and invest in Cyprus 3rd Revision March 24, 2021 Legal Framework: In pursuance of the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior, having notified the Council of Ministers,...
Gain Tax and Cost of purchase
This is imposed on the difference between purchase price of the property and sale price of the property and you will be given exemption for the amount of 17.086,01 EUR to be deducted from the gain amount for every of the owners in case that the property was bought jointly. Under the law, the chargeable gain is adjusted for inflation. To calculate the inflation adjustment,...
Finance Options for Buying Property
MORTGAGES Mortgages are widely available in Cyprus and the terms are similar to those in the UK. However, you may require some help from our experts with the process of applying for your mortgage. We will gladly give independent advice and assistance with your mortgage application from a Cypriot bank. MAIN CHARACTERISTICS OF MORTGAGES IN CYPRUS Mortgages in Cyprus are auth...
24, Gladstonos Street, Poullet Court Office 4-5, 8046 Paphos, Cyprus - Tel: +357 26 938900
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