Buying a Holiday home

[Ronnie]

Hi one and all,
I am thinking of buying a holiday home in Tala and I would appreciate any help with information regards stuff like taxes, transport plus any other general info. There is another property in Peyia that i'm also interested in so again any help there would also be appreciated. I currently live in North Wales in the UK.

[emgee]

Ronnie

Don't tell anyone how much you have to spend. Get an independent Lawyer, not one willing to do a deal with both seller and buyer of property considering to buy.

Rent first in an area to see if the area suits your needs.

If you live here for 183+ days then you must register for Cyprus Income Tax.

Pegeia has a lot going for it, don't buy in Tala until you have spent some time in Pegeia.

Good luck.

Alan

[robf]

Probably a good idea to look over Nigel`s property forum.
http://www.news.cyprus-property-buyers. ... el-howarth

[trevnhil]

If and When you do buy. Only look at ones actually WITH the Deeds, no matter what you are told, even by solicitors..

[Firefly]

Trevor's right, never buy without deeds in Cyprus, so much stress and anguish trying for years to get them, often without success ! I would say rent for at least six months before you take the plunge.

Jackie

[Dominic]

I wouldn't say Peyia was an essential place to visit. It all depends on what you are looking for.

[PaphosAL]

Somewhere nearer the coast (and beaches, tavernas, restaurants, buses, Paphos shops and supermarkets, but away from the noise of the tourist area like Kato Paphos), perhaps?

Have a close look at properties in Chlorakas and Kissonerga is my suggestion. Buses go up and down the coast road from Paphos to Coral Bay on a regular timetable seven days a week (and even out to Agios Georgios fishing harbour/beach on a limited service).

The question must be asked of current Tala and Pegeia residents: How often can you catch a local bus that takes you to Paphos harbour, and back again to either village?

AL

[Dominic]

That's only relevent if they want to go to Paphos Habour. Besides, you would be better off budgeting for car hire or buying a car.

[PaphosAL]

OP Ronnie queried 'transport' in Tala and Pegeia, Dom, which suggested to me that he or she maybe doesn't drive... If that is indeed the case, then locating nearby to a main bus route makes sense.

However, if 'transport' meant "How do I go about buying a car, then registering, insuring, and taxing it?" then of course, that's a totally different scenario... But remember, this is a holiday home plan in the making, not a permanent move!

Perhaps Ronnie could verify these points?

Cheers- AL

[Dominic]

No fair point. I would presume that they meant buses.

[Ronnie]

Hi to one and all,

Firstly thank you all for responding to my post. Secondly l am a male, and my first option would to buy in a town rather than on the coast, I do drive but only using this purchase for yearly holidays I would hire a car. I do have family who may wish to visit and they my not wish to drive so being near a regular bus service would make all the difference, and of course being close to bars and restaurants will not too upsetting. I understand that some of the estate agents are registered and I would only consider using one that was, one response suggested perhaps not Tala but rather Peyia. I do intend to visit both locations and the others mentioned. Thank you all very much, i'm sure l'll be asking for more help soon, so thank you all.
Best wishes Ronnie.

[PaphosAL]

@Hudswell: Are you serious? "A tad back from the Tourist area so quiet"

Yes, if you insert earplugs every night and shut your bedroom windows tight before you hit the sack!

Or have you gotten used to the sounds of dozens of barking dogs all night long, out in the neighbouring back gardens, in cages or roaming free, short on water and/or food?

[Dominic]

@Hudswell: Are you serious? "A tad back from the Tourist area so quiet"

Yes, if you insert earplugs every night and shut your bedroom windows tight before you hit the sack!

Or have you gotten used to the sounds of dozens of barking dogs all night long, out in the neighbouring back gardens, in cages or roaming free, short on water and/or food?

We stayed in an apartment for two months in Kato Paphos last summer, while we looked for our house. We weren't bothered by barking dogs at all. You are far more likely to get them in places like Tala and Peyia, judging by the comments I have seen on here.

Now, cats, there were lots of them. But not dogs.

[PaphosAL]

@Ronnie: Thanks for feedback! Your long term car rental requirement is already a no-brainer, with George and Kula at EasyCarRentLtd in the left side of Limnaria Centre opposite Alexander the Great Hotel.

http://www.easyrentacarltd.com/web/

They will give you a superb deal for whatever type of car or jeep takes your fancy. Phone them or email, they always respond. The motor can be waiting for you at PFO, and you can also drop it off there when returning to UK. Just pop in their office the day after your arrival and sort out the biz, enjoy a coffee or cold drink, and a friendly chat with them...

This type of long term rental will be extraordinary on a daily rate, trust me please!

Cheers- AL

[galexinda]

We stayed in an apartment in Universal on two occasions, once for about 6 weeks and it was a quiet area, no barking dogs or other noise pollution. Made sure it wasn't a through route for the tourists making their way back to their accommodation at 3 am or later! Just a brisk 10-12 minute walk from the seafront, so close to all amenities. Definitely recommend coming out for a holiday and driving around various areas before committing to purchasing a property and, as mentioned in an earlier post, don't look at anything without Title Deeds.

[trevnhil]

And don't think you HAVE to use and estate agent. As galexinda says, drive around the areas you fancy. You will probably see signs up For Sale or For Rent, with a phone number. There are also usually adverts in nearby shops and supermarkets. Good luck..

[Poppy]

If you only want it for a few weeks each year then you are probably better not buying in my opinion.Agents may tell you that you can get an excellent return on your investment by renting it out but there are so many on the market that it is difficult to get a decent occupancy. Again there are a lot of properties for sale which means you may get a good deal if buying but much more difficult to sell at a later date. I would doubt that buying property in Cyprus at the moment can be seen as a good investment . I apologise if this seems negative but I lost a lot of money on my property and Iam just trying to point out the difficulties.

[Anarita John]

Buying from a registered estate agent is no guarantee either, We followed that advise and it went completely pear shaped. Our agent was Lord Briano from peter Stephenson Estate Agents.

[J B]

If you only want it for a few weeks each year then you are probably better not buying in my opinion.Agents may tell you that you can get an excellent return on your investment by renting it out but there are so many on the market that it is difficult to get a decent occupancy. Again there are a lot of properties for sale which means you may get a good deal if buying but much more difficult to sell at a later date. I would doubt that buying property in Cyprus at the moment can be seen as a good investment . I apologise if this seems negative but I lost a lot of money on my property and Iam just trying to point out the difficulties.

As an owner of two properties in Tala I can't disagree with any of the above.
One is rented long term, to a lovely British couple who now pay about 20% less than when they moved in in 2011
The other one we visit 4/5 times a year and have maybe 5/6 'paying rentals' per year.

We are in the fortunate position of not having to sell them to balance the books.

As the old saying goes, don't leave your brain on the plane when you arrive!!

[Howden Tiger]

Have sent you a pm, Ronnie.

Ian & Julie