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Buying Custom Property in Cyprus
by Monaliz Amirkhanpour
Building your own house is always a grand task but it offers complete flexibility in design and the chance to end up with your dream home!
It is common in Cyprus for people to build their houses on a piece of family land. In the past, villages all over the island had a local builder/constructor who built various houses in the village with the assistance of other villagers. This custom is still widely practiced even though those local builders have become more regulated and organized.
In order to build your own custom property in Cyprus, the first thing that you need to do is to find and then buy a plot of land in Cyprus. Then, it is highly advisable to find a reputable architect, civil engineer, electrical and mechanical engineer, as well as a quantity surveyor. The extra cost of hiring the specialists is normally between 8%-10% of the overall construction cost.
We do not recommend trying to project-manage the construction of your house on your own, so you will need to also find a project manager. Many times, the architect or civil engineer doubles as a project manager too.
There are several benefits to buying custom property in Cyprus:
• Unique design of your house since you have total control of the design process
• Ability and flexibility to select the contractor on the basis of a tender procedure
• Elimination of additional costs incurred by property developers
• Ability and flexibility in choosing the finishes, fixtures, and fittings of your house from any supplier
• Overall control of the spent costs
• Low property transfer fees based upon the price you pay for the land
