Benefits and Features

Many Russians dream to purchase real estate in Cyprus. Russian citizens are among the most active applicants for housing and commercial properties in the Republic. Therefore, when choosing real estate in Cyprus, potential buyers are often literally swamped with offers, which can be very confusing. To purchase a house, cottage, villa, apartment, or penthouse with benefit, you should get assisted by the team of experts who understand the aspects of the local market and legislation. These partners are often developers or real estate agencies. It is your prerogative to choose the best one to assist in purchase and sale but you need to understand the specifics of cooperation with both companies.

Developers and real estate agencies: to be or not to be

The main argument in support of developers is the opportunity to find real estate at a bargain price. However, real estate agencies have refused an impressive remuneration for mediation, and their earnings are now based on advertising and legal cooperation. Both sellers offer almost the same prices on real estate in Cyprus. If the price of the property of interest is too low, it is a reason to pay extra attention to details. When deciding to purchase real estate in Cyprus at a bargain price, check all the related documents. Low prices can cover legal problems and encumbrances. 

Applying to real estate agencies is helpful when considering the property of different developers, while one developer offers only its own list of apartments, houses, cottages, and villas. Experts of commission business carefully check the reputation and financial position of companies whose offers to be included in their database. 

Advantages of direct cooperation with developers in purchase of real estate in Cyprus is as follows:

• impressive discount;
  
• legal assistance;
• mortgage application assistance. 

If you would like to purchase real estate in Cyprus at a bargain price for commercial purposes or elite housing, it is better to consider developers with verified track record and impressive experience in the local market. P.L. Property Gallery Developers & Constructors Ltd is the best choice. We have 18+ years of experience in the construction of real estate in various sizes earning the trust of our partners in Cyprus and abroad. 

Aspects of purchasing real estate in Cyprus from local developers

When purchasing a house, villa, apartment, or penthouse, you should consider not only the current legislation but also other intricacies of local life. Developers of real estate in Cyprus often cooperate with a specific bank. If you need to apply for a mortgage, you will most likely only get approval from a partner financial institution. 

Sellers of real estate in Cyprus only provide general information about discounts and benefits disclosing the real value of the deal in a personal meeting with the developer's representatives. 

When purchasing real estate in Cyprus, it is worth checking reviews on local companies and properties. And if your prominent friends and relatives reside in the Republic, this can become one of the decisive factors in obtaining a permit to purchase housing or commercial property. 

Deciding to purchase real estate in Cyprus, keep in mind that the developer is interested in the transaction in part of assisting mortgage application and resolving other issues. We do not recommend you to pay in full before the developer performs all contractual obligations since the company loses interest after due payments are made.  

What is the most profitable property to purchase from developers in Cyprus?

Market experts recommend investing in elite property, which includes business centers, residential and resort complexes, yacht clubs, and golf clubs. This type of real estate in Cyprus is steadily growing in price and is guaranteed to be built in compliance with unique architectural solutions, design projects, and safety requirements.

Choosing P.L. Property Gallery Developers & Constructors Ltd, you are guaranteed impeccable service, financial and legal security. We offer favorable terms of cooperation and a range of related services: from selecting real estate in Cyprus to its management and leasing.