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When searching for accommodation you can look through the Greek-language and
English-language newspapers, including the specialist press. You can also get
help from estate agents who specialise in finding real estate for sale and
renting.
It is best to compare a number of residences before coming to a decision. The
banks give loans with repayment by monthly instalments over 25 or more years.
You can find banks through the Central Bank website.
If you buy a residence, the title deed will be given to you when all the
permits for the residence have been secured and the procedure has been
completed. Before making a final decision you should find out about the
procedure from an estate agent and get assurance that the permits for the
residence exist. The issue of the title deed for a new residence is often
delayed because of construction irregularities which are usually of a minor
nature.
In the case of rented accommodation it is usual for two rentals to be paid in
advance as security for the owner. If no damage is caused to the property, the
money is repaid at the end of the tenancy.
If you come to work in Cyprus, it is a basically a good idea to ask your
employer for assistance with finding a residence to buy or rent, because he may
know people who can help with the whole procedure.
You can find information about estate agents from the Estate Agent
Registration Council by telephoning +357 22 66 63 77 or email.
Text last edited on: 12/2007
Source: European Union
© European Communities, 1995-2008
Reproduction is authorised.
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