Review of properties for sale in Protaras, Cyprus
The process of purchasing a property for sale in Protaras, Cyprus can be extremely difficult for first time buyers. Not only are they unfamiliar with the buying process, but most don’t even know how to inspect and examine a property in Cyprus to make sure it’s right for them. If you’re a first-time buyer, here’s what to look for when viewing a prospective home.
Examining the condition and construction of a property for sale in Protaras Cyprus is very important as it lets you know how sturdy and stable it is. Many times people buy houses in Cyprus that need structural repair even if they don’t know it because they didn’t examine it carefully before making an offer.
Regardless of when a property in Cyprus was built, it should be surveyed, preferably by a surveyor or other qualified person. Most first-time homebuyers believe that when they buy homes in Cyprus that they are new, they are in good condition and will have no issues that need to be fixed or addressed once they buy. While ideally this is how it should be, this is not always the case. Some Cyprus developers choose to cut corners or skimp on materials when building a house, leaving it with some serious flaws and problems.
What is cheap is quite difficult to define, it really depends on the point of view of each one. However, for comparable destinations with good weather conditions and politically and socially stable conditions, property prices in South Cyprus really do give you good value for money. Compared to destinations such as Spain or France, the prevailing prices are attractive. For example, for £150,000 one could expect to buy a detached 3-bedroom property with a pool in most of the locations mentioned.
The local system is quite bureaucratic, so it is often best to go to an agent who is familiar with local systems and procedures. They should be able to help locate good cheap properties for sale for you. Financing is available from local banks for up to 80% of the price, with repayment periods of up to 20 years.
The fact that even new homes are not always in good condition is one reason why experts recommend having any property for sale in Protaras, Cyprus checked by a professional inspector before making an offer. This can be especially beneficial since inspectors are trained to spot potential problems long before they appear noticeable to the average person.
If you choose to have your property for sale in Protaras, Cyprus inspected prior to making an offer, it is important to use an independent inspector who is not associated with Cyprus estate agents or developers. The inspectors employed with them may not be completely honest about possible problems that exist on the property. You may think you’re buying a house in good condition, only to find out later that you’re not. You don’t want this to happen and an independent inspection can prevent it from happening.