Located in the Eastern Mediterranean, Cyprus is an island country south of Turkey, west of Syria and Lebanon, northwest of Israel, and north of Egypt.
As the third-largest and third-most populous island in the Mediterranean, Cyprus is world known for its rich history, stunning coastline, and mix of European and Middle Eastern influences.
Positioned at the crossroads of Europe, Asia, and Africa, Cyprus serves as a prime hub for business, and is one of the most sought after locations to purchase luxury properties or invest in real estate in 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 Cyprus property for rent by owner, and then use a title company or closing attorney to handle the purchase process.
FEATURED CYPRUS LISTING
Location : Paphos,
Property Type: VillaProperty Terms: For SaleLocal Currency Price: Price in USD: $469,691
Cyprus generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Cyprus 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
