If you are looking at buying property in Cyprus, often as not you will find the opportunity to buy from a project at planning stage, giving you the chance to make minor changes to the original plans to suit your needs. Most successful developers have at least one project on the go at a time. Naturally as the population increases so will development and prime locations will fetch the highest prices … take caution as some developers have a tendency to make as much as they can out of one plot of land, hence don’t be shy to ask about future adjacent developments …
It’s actually quite nice to see the current swing towards the bigger properties, again I believe, this trend will continued as Cyprus leans more towards Monaco than Majorca and we continue as an island favoured by the rich and famous …
Buying Land
Certainly one of the most practical options is to buy a plot of land and build your own property. Apart from having the ability to choose the exact size of each room, you can build with the angle to the sun in mind, more important than you think, and to install central heating, a must for those chilly winters. LED Lighting saving you a fortune in power and of course home automation …
You’ll also have the option to choose your architects, builders, contractors and finishers … For example ceramics are very low costing and can make all the difference to the final look. So too an open fire! It’s where many developers go wrong, trying to cut costs, equals cheap finishing …
Grades
Your estate agents or land owners or to make sure, the municipality, should be able to advise you on the grade of building allowed in that area, which briefly means, what percentage of the land purchased is allowed to have construction on it. This is one of the reasons you see so many up-stairs balconies, which personally I think is a waste of space? Cost of building your own property starts from €500 per square metre. Checking on requirements like road access, TV signals, water, electricity, telephone and even postal services is highly recommended …
Photo by Tony Dynamou
Lombardi by Oikos Developers, Protaras
