Main Menu |
|
Calculators |
|
forsale.com.cy |
|
|
 Cyprus Property \ Buying in Cyprus 
Buying in Cyprus
Advantages & Disadvantages
What to take into account: There are both advantages and disadvantages to buying a home in Cyprus, although for most people the benefits outweigh any drawbacks.
Some of the many advantages have been outlined above; here is a summary of the main advantages.
- Guaranteed sunshine and high temperatures for most of the year;
- A very low crime rate;
- Low taxation, especially for retirees;
- An excellent quality of life;
- A particularly low cost of living;
- A slow, relaxed pace of life;
- The friendliness and warmth of the Cypriot people;
- 90 per cent of the Cypriot population speak English.
- For Britons, there’s the added advantage that Cypriot legal and financial procedures are similar to those in the UK.
Naturally, there are also a few disadvantages, including:
- Unexpected renovation and restoration costs if you buy an old property (and if you don’t do your homework);
- The dangers of buying a property with debts and other problems (if you don’t take legal advice);
- Restrictions on letting your property;
- Overcrowding in popular tourist areas during the peak summer season;
- Traffic congestion and pollution in some towns;
- Water shortages in some regions (particularly during the summer);
- The expense and time spent getting to and from Cyprus if you own a home there.
Article by www.justlanded.com. Click to read more articles about Cyprus and many other destinations.
|
|