Expats moving to Cyprus will need to spend some time getting to grips with the country's property market and the options available to them. Choosing the right type of home in the right part of the country will directly affect the success of a person's expat experience in Cyprus. 

The general trend in recent years has been for foreign investors and expats moving to Cyprus to buy property rather than to rent on the island. This has influenced the property market, sending prices skywards as demand has increased.

The process of renting and buying accommodation in the 'Turkish North' and 'Greek South' of Cyprus is largely the same; with one major difference being that in the south, properties tend to be newer, fancier, more expensive and easier for foreign nationals to purchase.


Types of accommodation in Cyprus

Expats moving to Cyprus will find plenty of housing options, including furnished or unfurnished apartments, villas and traditional rural stone houses. The standard of accommodation in Cyprus is generally excellent, as a lot of the property on the island is fairly new. Air conditioning and heating are common, and most houses in Cyprus have either a shared or private pool.

Furnished vs unfurnished

Rented apartments in Cyprus are usually furnished, while houses are unfurnished. Shipping furniture to Cyprus is a viable option (especially from within the EU), but the IKEA in Nicosia makes buying new furniture highly feasible. Expats report that the second-hand furniture market in Cyprus is somewhat disappointing.

Villas

Villas are spacious, multi-roomed Mediterranean-style homes. They feature lush gardens and often come with a pool. They usually consist of one or two storeys.

Apartments

Cheaper than villas, apartments are frequently found in seaside areas, with their elevated position allowing for great ocean views from the upper floors. Though they offer less space than freestanding houses, they are also much easier to maintain.

Traditional stone houses

Towards the centre of the island, in its more rural areas, traditional stone houses can be found. These are often somewhat dilapidated when purchased but are cheap, full of character and make for a fantastic home makeover project. 


Finding accommodation in Cyprus

Expats looking to rent accommodation in Cyprus will find that newspaper advertisements and online searches are good places to start. Real estate agents can be helpful, but will charge a fee.

Looking for accommodation in the low season can be a good strategy – not only will there be more options for short-term accommodation to stay at while house hunting, but expats may be able to negotiate a longer stay at a good rate.


Renting accommodation in Cyprus

Making an application

Potential tenants will need to apply via the estate agent, if one is involved, or directly to the landlord. Expats may need to submit documents such as their passport, visa and proof of income.

Length of lease

Leases can either be short term (lasting six months or less) or long-term (typically 12 months).

Deposits

Before moving in, tenants are required to pay a deposit equal to one month's rent upfront. If the property is returned in good condition at the end of the lease, the deposit should be returned to tenants in full.

Utilities

Expats will usually be responsible for their own utility bills. These can be quite costly, and should be factored into the housing budget.

Expat Health Insurance

Cigna Health Insurance

Cigna Global

With 86 million customer relationships in over 200 countries, Cigna Global has unrivalled experience in dealing with varied and unique medical situations and delivering high standards of service wherever you live in the world.

Get a quote from Cigna Global

GeoBlue International Health Insurance

GeoBlue

GeoBlue is one of the best international health insurance plans for US expats abroad or internationals residing in the USA. The GeoBlue Xplorer plan includes worldwide coverage and great customer service with access to a premium international network of hospitals and doctors including the Blue Cross Blue Shield network in the USA.

Get a quote from GeoBlue

Moving Companies

Cigna_logo_300.png

Moving Internationally?

Sirelo has a network of more than 500 international removal companies that can move your furniture and possessions to your new home. By filling in a form, you’ll get up to 5 quotes from recommended movers. This service is free of charge and will help you select an international moving company that suits your needs and budget.

Get your free no-obligation quotes now!