After a downturn caused by the global financial crisis, the Cyprus property market has regained stability and offers good value for foreign investors.
With the government's increased investment in infrastructure and new marinas and golf courses being developed, the market on the island is buoyant.
Cyprus property developers offer a large inventory of sites and builds available in various locations, including apartments, villas, and houses, which can provide equally good value for investment.
Work with a reputable real estate agency with knowledge of the tourist industry and the towns that are attractive for rental property owners. When investing in property to rent or lease, secure a reliable and reputable property management team.
The Cyprus taxation system has income tax for many retired people fixed at a very favourable flat rate of 5 percent.
Cyprus has adopted the British-based banking and legal systems, which simplifies the purchase process for those familiar with the British systems. As a full member of the European Union and with the euro as its currency, purchasing property in Cyprus is simplified for EU citizens without permanent residency status.

In Cyprus, the relationship between landlords and tenants is governed by the Rent Control Law, which aims to protect tenants from unfair rent increases and eviction.
Some key points of the law include:
Rent increases: Landlords cannot increase the rent more than once a year, and any increase must be based on the Retail Price Index.
Security deposit: Landlords can ask for a security deposit equivalent to one or two months' rent. The deposit must be returned to the tenant at the end of the tenancy, provided there is no damage to the property.
Tenancy agreement: A written tenancy agreement is required by law, and it must include details such as the rent amount, payment frequency, and the duration of the tenancy.
Eviction: Landlords can only evict a tenant under specific circumstances, such as non-payment of rent or breach of the tenancy agreement. Even in these cases, the landlord must follow a specific legal process.
Maintenance: Landlords are responsible for maintaining the property in a good condition and ensuring that any necessary repairs are carried out promptly.
Rent arrears: If a tenant falls behind on rent payments, the landlord can take legal action to recover the arrears.

Looking for a real estate agent in Cyprus? Choosing the right agent can make a significant difference for renting your property in Cyprus. With a vast range of properties available in the market, working with a reputable agent can help you navigate the process smoothly and efficiently.
When selecting a real estate agent in Cyprus, consider their knowledge of the local market, experience, and reputation. Look for agents who have a proven track record of successful transactions and are licensed by the Cyprus Real Estate Agents Association (CREAA).
It's also essential to work with an agent who speaks your language fluently and understands your specific requirements.
In addition to these factors, consider the agent's level of professionalism, communication skills, and ability to negotiate on your behalf.
With the right agent by your side, renting a property in Cyprus can be a smooth and hassle-free experience. So, take the time to research and select a reputable agent who can guide you through the entire process.

Looking for a Tenant to Rent Your Property in Cyprus? Here's How to Do It
If you own a property in Cyprus and want to rent it out, finding a suitable tenant is crucial.
Here are some tips on how to find a tenant for your property in Cyprus:
Advertise your property: Make sure your property is visible to potential tenants by listing it on popular online platforms such as Bazaraki.com – No 1 Marketplace for real estate in Cyprus. Include detailed descriptions, photos, and videos to showcase your property's best features.
Use a real estate agent: A reputable real estate agent can help you find a tenant quickly and easily. They will advertise your property, screen potential tenants, and handle all the necessary paperwork.
Set a competitive rent: Research the rental market in your area to determine a competitive price for your property. Setting a fair price will attract more potential tenants and increase your chances of finding the right tenant quickly.
Screen potential tenants: It's important to screen potential tenants thoroughly to ensure they are responsible and reliable. Conduct background checks, including credit and employment history, and request references from previous landlords.
Be responsive: When potential tenants show interest in your property, respond quickly to their inquiries and arrange viewings promptly. Being responsive and accommodating can help you secure a tenant faster.

Managing a rental property in Cyprus from abroad can be challenging, but with the right tools and resources, it can be done successfully.
Consider hiring a local property management company to handle tasks such as finding and screening tenants, collecting rent, and handling maintenance and repairs.
Make sure to establish clear communication channels with your property manager and tenants, and keep up-to-date with local laws and regulations.
Embracing technology can also help streamline the management process, such as using digital rent payment platforms and smart home automation systems.

Cyprus has laws in place to protect the right to ownership of property. As of May 1st 2004, Cyprus is part of the EU and has harmonized domestic laws with EU laws. While EU citizens and legal entities are free to buy property without restrictions, non-EU citizens must apply for a permit from the Council of Ministers to acquire immovable property in Cyprus.
If you are considering buying property in Cyprus, it's important to understand the legal steps involved in the conveyancing process. Here's an overview of the steps you'll need to follow:
A. Property Reservation: Once you have found a property you're interested in, you'll need to sign a contract for property reservation and pay a reservation fee.
B. Search with the Land Registry: A property search is conducted to identify any potential charges and/or encumbrances on the property.
C. Contract of Sale Deposited at the Land Registry: The contract of sale is prepared and signed by both parties. It is then stamped by the Inland Revenue Office and deposited at the District Land Registry Office. The purchaser must pay stamp duty based on the purchase price.
D. Transfer Fees: The purchaser must pay transfer fees when the acquired property is registered in their name at the Land Registry Office.
The fees are based on a sliding scale and are as follows:
·       3% on the purchase price up to €85,000
·       5% on the purchase price from €85,001 to €170,000
·       8% on the remainder of the purchase price over €170,000.
It's important to note that conducting a search with the office of the Land Registry is crucial to reveal any potential charges and/or encumbrances on the property. It's also a good idea to include a contract clause stating that the last payment will take place upon possession, determine the amount of communal expenses you would have to pay for a flat in a complex, and conduct a company search if the seller is a company to assess their financial credibility.

In Cyprus, property disputes are common and can include disputes between landlords and tenants, nuisance complaints, trespass, and boundary disputes. To resolve such disputes, it is best to seek legal advice and follow the appropriate legal steps. For example, in tenancy disputes, landlords have the legal right to seek rent increases, but tenants can dispute them in court. Nuisance complaints can be resolved through an injunction order and/or damages, while boundary disputes can be referred to the Land Registry.