The main developers in Cyprus tend to look after their own after sales, so your first point of call would most likely be direct to them whether it's to have alterations or to highlight any problems with the property itself. That said, we do have a wealth of experience in after sales and can act upon your behalf should things not get resolved to your satisfaction.As we only work with the most prestigious companies on the island, you'll find most of these offering in-house property maintenance services from gardening to pool maintenance, regular cleaning to ad hoc visits. If they don't offer the service you require themselves, they will certainly put you in touch with a reputable company near to your property, ensuring they are best placed to keep an eye on it for you.
Non-Cypriot individuals residing in Cyprus pay income tax at a flat rate of just 5%. This applies to the amounts remitted to Cyprus from pensions or income from overseas investments. The first CY2,000 per annum are tax exempt. Personal effects, household goods and furniture may be imported duty free by immigrant retirees, provided that they are for personal use and have been in use for some time (approximately one year). There is no duty on one car and retired couples benefit from the additional concession of two duty free cars.
If you are purchasing a property on a new development, it will have been set by the developers/management company. Regardless of agent's commissions, you should still pay the same price whoever you purchase through whether you go direct or through a third party. Resale properties are handled much the same way as in the UK with a valuation taking place and the agent's fees agreed before the property is marketed.
Bargains can still be found at the remote villages of Paphos and those of Limassol. It is strongly suggested that before concluding a deal, you obtain a firm estimate of the repairs / improvements required using the services of a qualified Q.S. or an architect, whereas what has been said previously about other property acquisitions holds good for this nature of property as well. In particular, you must check who your neighbours are, since in tightly knit communities, such as the local villages, they have their own way of living and attitudes towards life.
Services: Experience has proved that it is difficult for co-owners to agree on the common servicing of the blocks. It is therefore advisable, especially if you are buying in a large block, to prefer to buy where the block has the lowest common services bill. Central heating has proved to be a major problem and the cause of many quarrels amongst co-owners. Avoid, also, flats which have common hot water facilities
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