Monday, October 11, 2010

Cyprus property rent before you buy - "Try before you Buy"

It is said that the two most stressful experiences in life is getting married and moving house and now with the current global economics, and such an unstable market the majority of people are more cautious about making rash choices and committing themselves without a second thought to these huge decisions.

Up until a couple of years ago it was a trend to take the leap of faith and hand over your life savings for a dream home in Cyprus in the sunshine. It was not uncommon for some people to buy a property in Cyprus or in a Country that maybe they had only ever been to on holiday and make a decision to buy a home and settle there. Purchasing a villa abroad or buying an apartment abroad in an unfamiliar town or a village where they had probably never even visited before. Some enthusiasts would only spend a day viewing and then sign on the dotted line agreeing on a contract of sale to part with large sums of money for a villa or an apartment in Cyprus that was off plan or even purchase a Cyprus villa over the internet. I am sure some of us have made this choice and many of you reading this article are probably thinking this decision was very courageous or very stupid.

Sadly for a few people who bought property abroad the bubble did burst and the dream home in the sunshine was not what they thought it would be. Maybe it is because they had never bought property abroad before or lived in a foreign country. Possibly they had set their expectations too high or it could have been due to lack of research. Regretfully we only ever hear the horror stories in the media about the purchasing of property in Cyprus but what about the majority of expatriates that immigrated abroad to Cyprus and have found total bliss retired in Cyprus or settled in their country of residence, still living the reality, happy in their dream home abroad in Cyprus in the sunshine.

Research is the key to success for most of us when making our choices and reaching our final decision in life. Nearly almost everyone will investigate the "for and against" before buying the latest mobile phone or computer console. We will generally try on the clothes and shoes before we purchase and always want to test drive the car before deciding to buy it. So how great would it be if we could test a house before deciding to commit to it!

Now with My Property Cyprus you can. Like only a few other countries My Property Cyprus has taken the lead in property investment in Cyprus. This excellent investment opportunity in Cyprus will suit anyone who has not purchased a property abroad before and is looking to buy a house in Cyprus. My Property Cyprus is the only company on the island who has adopted the new scheme "Try before you buy" which will enable a first time buyer abroad to rent a property in Cyprus giving them enough time to carry out research of a town or village, meet the inhabitants and find out what facilities are available to you in that area. Most of My Property Cyprus properties are located in the Eastern coastal areas of Cyprus from Protaras, Ayia Napa, across to Larnaca. My Property Cyprus has a vast selection of rent to buy properties ranging from bungalows, apartments, villas, town houses and exclusive sea front properties in Cyprus.

With the "Try before you Buy" scheme it will also allow you time to feel completely comfortable and certain that when you face your decision to buy a property in Cyprus you will make the right one.

Who will suit the "Try before you Buy"

Anyone and everyone is the answer.

Maybe you have been offered work abroad and you will be relocating to Cyprus with your family.

Or you just want to try a new life in Cyprus, new job in Cyprus and new start abroad.

Possibly you are waiting for your assets in your own country to mature.

Alternatively it could be you are not sure where to invest your savings.

Perhaps you have family already living abroad in Cyprus and have considered joining them.

It could be that you have a couple of favourite places in mind that you would like to retire to in Cyprus and would prefer to spend some time living in the area.


How it works

  • One of our representatives will show you our range of rent to buy properties in Cyprus and you choose your dream home from a selection of available properties in different locations around Cyprus that is within your budget. (Rental prices will vary pending location and size of property).
  • You agree on a Cyprus property, the property sale price and the rental payments. Our agents will be able to assist with any questions or enquiries you have about the properties and the locations.
  • A contract for an agreed period is drawn up between the Landlord and you the Tenant.
  • At the end of the rental period if you decide to buy the Cyprus property all monies paid during the rental period will be deducted from the original market price.
  • Our representatives will assist and advise you with the final buying process in Cyprus.
  • If you decide not to buy then you inform our agents, vacate the property at the end of the agreed term and just walk away.

It's simplistic and hassle free.

Do your homework and weigh up the pro's and cons

In your favour

Initial commitment is an agreed rental period.

Time for you to explore the area

Examine and live in the property

Study the costs of utilities and living expenses

It is a trial period emigration to see if it works for you.

Get to know the climate

Try the local cuisine

Check out supermarkets

Connect with the neighbours

Investigate the healthcare and prescription charges

Rental monies offset against purchase

Not in your favour

Only you can answer this one!


What you need to qualify

  • 1. Evidence showing monthly income (pension or other)
  • 2. EU citizen or holder of a valid visa.
  • 3. Proof of good credit rating.
  • 4. Statement of disposable income for final purchase price

For more information on "Try before you buy" complete and submit an enquiry form

Or email us at info@mypropertycyprus.com

Or to speak with a representative call us on; 00357 23814477


To view our range of sale properties in Cyprus visit our website at http://sales.mypropertycyprus.com/





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14 comments:

  1. It is nice ti have the information for the guidelines before buying the Cyprus property..thanks for the sharing it..cheer up!
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  7. Great post. Good to have all the information before renting or buying a property in cyprus.
    People should follow this guideline.

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    us.Thanks

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