Ayia Napa is situated on the southeastern tip of Cyprus and is a world famous coastal town being one of the island's most famous destinations, famed for sandy beaches, crystal-clear waters, and a great lifestyle.
Nissi Beach and Makronissos Beach are just two of the best beaches, with Ayia Napa providing access to a range of luxury resorts and upscale properties suitable for high-net-worth buyers looking for personal use property, and luxury investment real estate in Ayia Napa Cyprus.
Websites that are set-up for FRBO, allow filtering for owner-listed rentals, and when searching be sure about what you want such as location, budget, and the type of housing.
Never wire money or send deposits before seeing the property, and ask for a lease and verify ownership if possible by using local property tax records.
Buying a property or house that is then set up as a "for rent by owner" (FRBO), is usually one that is intended to be rented out without the assistance of a property manager.
When a suitable property has been found evaluate the property as an investment, and ask for current rental rates and payment history, maintenance records, property expenses such as taxes, insurance and utilities costs.
You can work directly with the owner or hire a real estate attorney or buyer's agent to help draft an offer, but before making an offer perform due diligence such as hiring a licensed home inspector and ensure there are no liens.
If considering buying an investment property that is currently a rental, there is the option to contact the manager or proprietor of a Ayia Napa property for rent by owner, and then use a title company or closing attorney to handle the purchase process.
FEATURED CYPRUS LISTING
Location : Paphos, Cyprus,
Property Type: VillaProperty Terms: For SaleLocal Currency Price: Price in USD: $1,203,991
Ayia Napa generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Ayia Napa is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Cyprus
