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Buying Re-Sale (Second Hand) Property in Cyprus

by Monaliz Amirkhanpour


If you would be happy with buying an already existing home, then you can choose to invest in re-sale property in Cyprus.


There are always opportunities to buy re-sale or “second-hand” property all over Cyprus. In recent years, due to long delays in issuing Title Deeds as well as the fact that Cypriot banks do not offer any mortgages to purchase second-hand property unless the Title Deed is provided, people have faced some difficulty in selling their Cyprus properties.

So, there are a lot of gems out there and if you have the funds available, then you can probably find some great deals, but you will need to be patient and persistent and will need to do lots of research and site visits.

There are several benefits behind buying a re-sale property in Cyprus:

•    Quick buying process
•    Some re-sale properties are sold as completely “furnished”.
•    Substantially lower price when compared with new off-plan property

Some things to keep in mind when planning to buy re-sale property in Cyprus:

•    You need a quantity surveyor to inspect and value the desired re-sale property.
•    The desired property may require some renovation.

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The beautiful island of Cyprus is an excellent place to invest in property. You can enjoy sunshine and ideal temperatures for most of the year, as well as the advantage of a very low crime rate which makes the island one of the safest countries in the world!

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