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Checking resale property: what should I pay attention to?

Checking resale property: what should I pay attention to?


When buying a resale property in Cyprus (or anywhere else), there are a number of things you need to consider. In addition to checking the properties to make sure they are satisfactory and meet your requirements, it is important to pay attention to:


It seems obvious, but some people buy more than they can afford and run into financial hardship. In addition to the actual sale price, you need to consider running costs such as electricity, water, telephone, taxes, repairs and maintenance, etc.

The resale property you are looking to buy may be in need of refurbishment. Get a firm written quote for any necessary repairs.

It would also be a good idea to talk to a real estate agent who does real estate marketing. Answering any questions you may have, as well as the cost of any repairs and refurbishments, will help you better negotiate a price.

Utility payments

If you want to buy an apartment or resell any type of property in a community with shared facilities such as a swimming pool, you will need to pay utility bills for maintenance, repairs, insurance and management of the so-called “community home”. (shared ownership includes everything that is within the boundaries of the development, including individual residential buildings).

In its current form, the joint property law does not actually work and is in dire need of fundamental changes. Too often problems arise when owners refuse to pay utility bills, which means that those who pay must cover the missing amount. This causes resentment and often leads to a domino effect as more owners refuse to pay and the complex falls into disrepair and decay. Although the building management committee may sue defaulters to recover their debts plus legal and court costs for the following reasons:
it is expensive;
the hearing may take years;
even if the case is won, enforcement of the court’s decision can be “difficult”;
if the debtor can prove that he is in financial difficulty, the court may order that he repay the money due within a few years.

You should speak to the building management committee and check the bills to make sure everything is in order.

The problem of defaulters has been exacerbated by the COVID-19 pandemic, which has reduced the ability to pay for many people who have lost their jobs and/or live on less income.

Using the Professionals

Experts always advise those who want to buy real estate on the secondary market to check it professionally before agreeing to an offer. The list of RICS Surveyors in Cyprus is a good starting point.

Legal and other documents (title)

Last but not least is the verification of documents related to the resale property.These include a certificate of ownership, approved architectural plans, building and planning permits. If a title deed has not been issued, you should investigate what is causing the delay and whether the local planning authority has issued a “certificate of approval” confirming that the property has been built in accordance with the permits and plans approved for its construction.

It is necessary to check that the approved architectural plans correspond to what was actually built. Some people add pools, garages, and other permanent structures, or expand a property without permission. Unauthorized changes will cause problems if you want to make changes to the property yourself and/or want to sell the property at a later date.

Source and photo:, Editor

Latest Cyprus News

Inspecting resale properties

Inspecting resale properties


More and more buyers are considering buying only the secondary property that went to the previous owner along with the title. This is due to long-standing problems in the area of ​​property documents in Cyprus.

But even real estate with title deeds can have problems. It is important to make sure that the property has not been extended, a pool or garage added, etc. without the necessary permission.

Some people buy real estate on the secondary market without visiting the island. They don’t see what they get for their money and often base their decision on garish advertising literature and marketing hype. To say this is a bad idea is the biggest understatement.

In the same way that you check a car before buying it, you should also check the property. It is necessary to visit Cyprus, to inspect a potential new home inside and out. And only after that you can part with the money.

You may have seen those real estate TV shows in which a potential home buyer “views” a property. You hear them say things like “This room is a good size”, “I love the decor”, “What a great view”. So, they like the property and its location, but have they properly inspected it?

View resale properties

Here are some general tips when browsing resale properties to get you started:

  • Ask someone to come with you. This could be your partner or someone whose opinion you trust. They may notice something that you are missing. This will prevent you from being tempted to buy something inappropriate.View as many properties as you can.
  • View the property after a few days of heavy rain, when dampness, leaky windows and doors are easier to spot.
  • Don’t let real estate agents or sellers rush you into browsing without letting you see every corner. Do not hurry.
  • List all the options you want in your new home. If you’re not sure what you want, write down what you like and don’t like about your current home. Take this list with you when you search for property.
  • Don’t let yourself be tempted into buying by spectacular furnishings, décor and furniture, or by the charm of an agent or salesperson.
  • If you find a property you like, come back and check it out more carefully. Revisit the property at different times of the day to see where the sun rises and sets, as well as road conditions in the area.
  • If possible, get to know your neighbors

Following this advice, you will be able to find quality property in Cyprus.

Resource Editor Photo

Latest Cyprus News


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