Cyprus is the top choice - or near the top - for many people looking to buy an overseas property, whether it's for investment, retirement, vacation or rental. There are many reasons for its popularity. Living there is easy and relaxed, especially for English speakers, as English is widely spoken there. It is incredibly beautiful, with a special quality of mystery and romance that comes from its connection with ancient myths and legends and its history stretching back thousands of years. Whether you choose the gorgeous coastal areas or the stunning mountain regions, you can be fairly sure of finding a fantastic property at a price you can afford.
So what's involved in buying a house in Cyprus? Well it's not difficult, but there is a specific procedure to go through. The first thing you have to be aware of is that every foreign national has to obtain permission from the government before buying a house in Cyprus. This permission is obtained from the Council of Ministers. You will need a lawyer to help you with the purchase process, so your best plan would be to hire a lawyer now to advise you as to how to go about getting this permission. The process takes 8-14 months so it's best to begin the process before choosing your property.
(Remember that this applies to the Republic of Cyprus. The legal process in Northern Cyprus is quite different.)
In the next post we will look at the process of buying a house in Cyprus. Meanwhile if you are ready to choose your property you can start your search at http://www.bizwrite.co.uk/realestate/propertyabroad.html
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