Finding the right luxury villas for sale in Cyprus can be a daunting task, with our help, you can be sure that you are only seeing the best developers and area.
Where do you start to look for luxury villas in Cyprus? Yes you can go down the normal route of contacting agent after agent, but this is a long and tedious process that often does not produce the results you desire.
Cyprus has many luxury villas available off-plan and exsisting, when looking for your own luxury villa for sale in Cyprus it is key to follow these buyers guidelines.
A luxury villa purchase in Cyprus is not the same as a regular home purchase. The pressures are higher: documentation become very important, viewing villas and meeting cyprus villa developers in person is critical, and you’ll be made aware to a ‘hidden market’ of sellers who do not wish to put their residence for sale publicly.
We have compiled some of the best guidelines to assist first time luxury villa buyers and professional property investors to find their utopian luxury villas for sale in Cyprus.
1) Enlist a trusted & expericened negotiater
A trusted negotiater who knows the ins and outs of the luxury villa market in Cyprus should always be a priority when searching for a property, Utopian Investors Group will assist you with this. However, your negotiater can do much more than simply take you around the Paphos, Limassol, Larnaca, Polis Protaras or Ayia Napa areas on property visits. A great negotiater will know what villas are for sale in Cyprus that aren’t on the market or are in the off-plan stage. Most high net worth investors, wish to preserve their privacy and choose not to register their Cyprus villas online. Instead, they network with trusted parties such as Utopian Investors Group that the villa is for sale by word of mouth. A good negotiator will always know what’s happening in Cyprus and will be able to tell you about these Cypriot properties for sale.
2) Have your financials in order
A luxury villa in Cyprus is like a boat: the starting cost won’t be the thing that frustrates you, it will be the maintenance. The Cypriot developer if you are buying from them (and the bank) will want to know that you can not only afford to purchase the villa, but that you can afford to live there. You’ll be asked to prove your income, and sometimes need to submit statements about spending.
3) Check the villa/plans carefully
A high end villa in Cyprus might be located in a prolific neighbourhood, do your homework when you walk around the house. How new are the fixtures and fittings, as well as the goods that come with the purchase? Luxury villas or older homes, and may need some refurbishment. Make sure that you factor in the cost of upgrades when you purchase the property. There is a common misconception that high value homes will be completely free of mould or other infestations. Luxury properties are just as likely as other properties to have these kinds of issues, so be sure to check all villas you view very carefully.
4) Use a trusted lawyer
Finding the right lawyer is a crucial part of a luxury property transaction, as these transactions are heavily scrutinised. The amenities most luxury properties provide (swimming pool, additional buildings, etc.) can make the purchasing process very complicated. Your lawyer should be able to construct a detailed document for the property.
Due diligence is critical. Should you wish to make additional renovations or alterations to the property, you’ll need to apply with the property paperwork. Your lawyer should be able to help with this.