Most buyers of Cyprus property dream of owning a brand new luxury villa or apartment built off plan. They then have a choice of kitchens, final finishes and tiling ect which would be to their own particular taste. There are however some real big advantages in buying resale Cyprus property such as houses and villas that are not brand new. Often as not some of the properties that are marketed as resales are in fact also brand new in so much as they have never even been lived in. Many of these properties, even those that have been lived in are often less than one year old or even newer.
The term resale Cyprus property is used to describe villas or apartments that have been sold previously to at least one person. These property owners may be speculators or Cyprus property investors who purchased the house or apartment off plan. Much of this type of Cyprus resale property will come with incentives such as NO VAT, fully fitted kitchens complete with white goods and full air conditioning too. Although you will have to put up with someone else's choice of finishes you could end up making huge savings on the cost of all those extras. Often as not the luxury villas that fall into this category of property sales will come complete with a private swimming pool too. There is a strong likelihood that the previous owner will have anticipated a need to rent the property out whilst awaiting a buyer.
For some buyers new just will not do and they will be looking for something that is traditionally Cypriot. These buyers will need to tap into the Cyprus resale property market a little deeper. There are lots of older properties for sale including large renovation projects although you are unlikely to find them advertised with the bigger Cyprus property agents, however here at Cyprus Properties we are able to find any resale property that you require.