Looking to buy a resale property in Paphos, such as a 3 or 4-bedroom house or villa? Buying second-hand properties in Cyprus requires careful planning. Follow our step-by-step checklist to make a secure and profitable investment.
1. Verify Title Deeds & Ownership
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Ensure the property has clear title deeds registered at the Cyprus Land Registry (DLS).
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Confirm that the property is legally owned by the seller.
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For older properties, check for disputes, encumbrances, or mortgages.
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2. Legal Verification
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Hire an independent real estate lawyer in Paphos to review contracts and approvals.
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Check that renovations, extensions, or additions have final approval certificates.
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Ensure the property complies with Cyprus building regulations.
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3. Property Inspection
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Conduct an in-person property inspection.
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Examine structural integrity, plumbing, electrical systems, and overall maintenance.
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Verify that outdoor amenities (pool, garden, terraces) are included in the title deed.
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4. Choose a Reputable Real Estate Agency
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Work with a licensed real estate agent in Paphos.
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Verify agency credentials and read client reviews.
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Remember: even reputable agencies may list properties with issues — do your due diligence.
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5. Understand Financial Obligations
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Factor in purchase price, transfer fees (~3%), stamp duty, legal fees, and VAT if applicable.
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Consider ongoing expenses like maintenance, community fees, insurance, and utilities.
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6. Evaluate Location & Future Value
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Consider proximity to amenities: city center, beaches, schools, hospitals, shops.
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Check future development plans in the area — this affects resale value.
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Assess rental potential if planning to invest or rent out the property.
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7. Assess Resale & Investment Potential
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Older properties may require renovation but offer better value per square meter.
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Newly built properties cost more but usually require less maintenance.
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Analyze long-term growth prospects and potential rental yields.
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Bottom Line
Buying a resale property in Paphos can be a smart investment if you follow these steps:
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Check title deeds and legal status
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Inspect the property thoroughly
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Use a reputable licensed agent
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Understand financial obligations
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Assess location, resale, and investment potential
With this checklist, you can confidently buy your dream home in Paphos or make a profitable property investment in Cyprus.
Ready to find your ideal resale property in Paphos? Contact Unique Cyprus Homes Real Estate today — we guide you through every step, from legal checks to property viewings, ensuring a smooth, secure purchase.