When searching for the perfect residence or investment property it is important to consider Cyprus property for sale. Cyprus is one of the few countries that has not been severely impacted by the worldwide economic decline in home prices. However, because it has never had exorbitantly expensive housing markets, it remains a viable opportunity for a person who is ready to retire or for an investor.
Until recently most homes listed in Cyprus property for sale consisted of homes and property located in South Cyprus. This is because the Turkish government of North Cyprus did not encourage foreign investment of property in their country. When individuals did buy property in North Cyprus it often too several months to years to navigate the governmental regulations that restrict purchase of property in that region. Recently the government of North Cyprus announced that there is a concentrated effort being made on the part of the government to ease restrictions and make purchasing Cyprus property for sale in the north easier. Therefore, the market for property in South Cyprus should be less pressured and there will be more opportunities available for wise investors to purchase property throughout Cyprus.
It is important when first arriving to view Cyprus property for sale that an individual locate and create a relationship with a reliable and reputable real estate broker. In addition, the laws and restrictions are quite different between North and South Cyprus so the real estate broker chosen should be very knowledgeable of the regulations for the area in which you wish to purchase property.
When purchasing property in South Cyprus the infrastructure of the banking system and property sales is much like that of Britain. This is because of the extensive British influence that has carried over to most of the businesses in Cyprus. The real estate agent takes on the task of many individuals in other countries. They provide legal assistance as well as work with governmental officials and utility companies to assure that the home is titled correctly and utilities are placed in the new owners name. In addition, the real estate agent works with the government to secure your Cyprian residential visa which will allow you to purchase property in Cyprus.
It is important to note that if you are looking at Cyprus property for sale with the intention of moving to Cyprus that the residential visa you receive when you purchase the property is different from a work visa and you will not be able to work on Cyprus when you arrive there until you get a work visa. For the many people to move to Cyprus after retirement this is not an issue as well as for those people who have businesses that they work from home such as freelance writing.
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