Buying a house in Cyprus is one of the most exciting steps you can take, whether you’re investing for the future, planning your retirement, or creating a holiday home by the Mediterranean Sea.
But with so much information online, conflicting advice, and high stakes involved, it’s essential to know what really matters before signing a contract.
At Dashad Group, we’ve guided countless international buyers from Russia, the UK, the Middle East, and beyond, helping them navigate the property market with confidence. As a licensed construction and development company, we see the process from both sides: what buyers want, and what builders know.
In this guide, we share the top things to keep in mind when buying a house in Cyprus, so you can make a smart, secure, and satisfying investment.
Verify the Developer and Project Legitimacy
Not all builders are the same.
Before buying off-plan, always check:
- Is the company licensed and registered in the TRNC?
- Do they have completed projects you can visit?
- Is the land approved for foreign ownership?
- Are construction permits publicly available?
At Dashad Group , we offer:
- Full transparency on permits and timelines
- Milestone-based payments
- Third-party construction inspections
- On-time delivery guarantee
Budget for Hidden Costs (They Add Up!)
The listed price is just the beginning.
Expect to pay an additional amount in extra fees, including:
| Legal Fees |
€1,000–€2,000 |
| Title Deed Registration |
0.6% when registering the contract.
0.3% upon final approval from the Council of Ministers. |
| VAT |
5%(on new builds) |
| Stamp Duty |
0.5% of the contract value |
| Utility Connections |
€1,500–€3,000 (in new zones) |
| Annual Service Charges |
€1,000–€1,800/year |
4. Choose the Right Location for Your Lifestyle
Cyprus offers many beautiful areas, but not all suit every buyer.
| Beachfront living |
Esentepe, Alsancak, Iskele |
| Urban convenience |
Kyrenia, Famagusta |
| Peace & privacy |
Lapta, Karpaz |
| High rental income |
Kyrenia, Famagusta |
| Golf lifestyle |
Esentepe (National Golf Club) |
5. Secure Your Residency Early
Owning property does not automatically grant residency, you must apply separately.
Property Ownership Route:
- Buy any property
- Show €14,000 in your bank account
- Apply through the Immigration Department
6. Inspect the Construction Quality
A new build should mean quality, but not all developers use the same standards.
Ask:
- What materials are being used? (e.g., real marble, reinforced concrete)
- Are there independent inspections?
- Is there a structural warranty?
- What are the thermal and sound insulation levels?
7. Plan for the Long Term
Ask yourself:
- Will I live here full-time, part-time, or rent it out?
- Is the property suitable for aging in place?
- Are schools, hospitals, and supermarkets nearby?
- Is internet reliable for remote work?
Properties designed for long-term comfort and rental appeal deliver the best returns.
8. Work with Trusted Professionals
Always use:
- An independent lawyer (not one recommended by the seller)
- A licensed real estate agent or developer
- A local notary for document certification
- A bank advisor for currency transfers
Avoid informal agreements, everything should be registered and traceable.
Final Advice: Don’t Rush — But Don’t Wait Too Long
In real estate, timing is everything. The most desirable properties , those in prime locations with strong growth potential, excellent amenities, and high demand, rarely linger on the market. At Dashad Group, we’ve witnessed countless buyers hesitate, hoping for the “perfect” moment or a better deal, only to miss out entirely.
The truth is, hesitation can be costly. Over the past year alone, we’ve seen prices in top-tier neighborhoods climb by 15–20% within just 12 months. Buyers who waited “just a little longer” often found themselves priced out of their ideal homes or forced to compromise on location, size, or condition.
That doesn’t mean you should act impulsively. Thorough research, financial preparedness, and professional guidance are essential. But once you’ve done your due diligence and found a property that aligns with your goals, move decisively. In a competitive market, opportunity doesn’t knock twice, it sells quickly to someone who was ready to act.
At Dashad Group, we’re here to help you strike that balance: informed, confident, and timely. Because the right home at the right time isn’t just a purchase, it’s peace of mind, long-term value, and a foundation for your future.
Don’t rush into a decision, but don’t wait so long that the decision is made for you.
