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Buying a Home in Cyprus
22
A Practical Guide to Successful Real Estate Purchase - Top Tips Supplement

Invariably, these receive a 'brown envelope' from the developer and/or
the agent and are acting illegally. Unfortunately many expatriates have
jumped on the property gravy train, preying on the fears (and the wallets)
of their fellow countrymen.
Don’t place your trust in property middlemen.
Newspaper advertisements
English language newspapers, such as the Cyprus Mail and Cyprus
Weekly, carry property advertisements. Although you will find some
private advertisements in the newspapers, many are placed by estate
agents.
Check out the Greek press as well as the English press. You will find that
prices are better and, if necessary, find a Greek speaker to help.
The Cypriot way
In Cyprus, the majority of local people do not use estate agents or
advertise in newspapers. Most Cypriot-owned property and land is sold
through word-of-mouth and so the direct approach is by far the best way
of finding out what's for sale in the area.
If you buy directly from the owner, you will save yourself the added costs
of the agent’s commission.
Obviously, this approach is only suitable if you are looking for resale
property or land.
Visit the area in which you are interested and ask the local residents if they
know what's available for sale. You can ask at the local coffee shop or
Community Office, ask the mukhtar, and drive around the area keeping an
eye out for roughly made For Sale (‘g518g525g513g517g522g515g521g505g511�Q or ‘g518g550g540g544g554g542g306g302g538’ZQ signs
and noting down telephone numbers.
© Nigel Howarth
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