The rental system in Cyprus differs significantly from that in Russia, and finding property directly from owners can be challenging. However, it’s worth noting that most Cypriots prefer to rent out their properties through real estate agencies, and they usually pay the agent’s commission themselves. As a result, renters typically do not have to pay a commission to the agency, eliminating the risk of overpaying.
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How to Search for Property in Cyprus
The first step is to determine which category of renter you fall into: Are you coming to Cyprus for a vacation, or are you planning to stay permanently? For tourists, rental prices are about 1.5 times higher than for long-term rentals. In this case, it’s important to consider the location of the property: how close it is to the sea, restaurants, and other leisure spots. Additionally, decide in advance whether you will rent a car so that the property’s location meets your transportation needs.
The Process of Finding and Selecting a Property
If you plan to move permanently, it’s best to visit Cyprus for a month first to “scout” the area. During this time, you can stay in a hotel or rent through services like Airbnb. This period will allow you to better understand what property features are important to you.
Types of Property in Cyprus
- Apartments: The most common and affordable option. If you are used to living in an apartment, renting one in Cyprus will be a familiar and comfortable choice.
- Maisonette (Townhouse): A two-level apartment, often with a small plot of land. This is a good option for those looking for something between an apartment and a detached house.
- Bungalow or Detached House: This type of property is more commonly found in rural areas or on the outskirts of cities, but can sometimes be found in central areas as well.
- Villa: The most expensive type of property. Villas are usually larger than apartments or maisonettes and often come with a private pool and garden.
Choosing the Location and Other Property Features
Location is one of the most important factors when choosing a property. It’s crucial to have a good understanding of the city and its neighborhoods to select the most suitable place to live. For example, if you are moving with your family, you’ll need to consider proximity to schools and kindergartens. If you are relocating for work, think about the distance to your workplace and the time you’re willing to spend commuting.
If you plan to use a car, make sure the property has parking. Once you have a clear idea of the type of property you need, you can start your search.
Searching for Property Online and Through Agencies
The internet is a great resource for finding property in Cyprus. Websites like Bazaraki.com allow you to easily filter search parameters, view photos, check locations, and compare prices. However, if you find it difficult to find a suitable option on your own, you can turn to a real estate agency with a wide database of properties. An agent can help you find a property that meets your requirements without obligating you to work exclusively with them.
Finalizing the Deal
Once you have selected a property, it’s important to clarify the financial terms of the rental. This may include a security deposit, payment for the first and last month of rent, and other details. Rental agreements are usually made for a year, which is necessary for obtaining a temporary residence permit at the Aliens and Immigration Unit. The agent will prepare the agreement, coordinate it with you, and arrange for signing. Upon signing, you pay the agreed amount and receive the keys to your new home in Cyprus.
Renting property in Cyprus may seem like a daunting task, but with the right approach and understanding of the process, you can find the ideal option that meets your expectations and needs.
