INDEX.cy

We have an app now! There is still a lot of improvements to do but it is a good start!

‎INDEX - Find Your Next Home

Do you want to engage with real estate professionals in Cyprus and learn about the latest trends?

Then we invite you to the real estate exhibition on June 28-29 at Parklane Hotel in Limassol.

At the event, our team at Index will showcase our innovative technologies and advanced approaches to property search, sales, and rentals in Cyprus.

We will present the best deals for buying, selling, and renting properties, and we'll be available to answer all your questions and guide you on making profitable purchases or sales.

During the exhibition, you'll have access to the latest and most significant developments in the real estate sector in Cyprus and get insights into where the industry is heading.

Visit our booth No. 12 at the exhibition and gain access to the most up-to-date information about real estate in Cyprus.
Register through the link in our profile header.

Let's examine this question in more detail:

🔹 Prices:
According to the latest report, rent on apartments went up 19% compare to Q1 of 2022, and save price of the apartments went up by 12%. The average rental price of an apartmet is around €2,000 per month in larger cities, ranging from €500-1,500 in smaller areas, while the average cost to buy an apartment is approximately €250,000. This means that renting might be more advantageous if you don't plan to reside in Cyprus permanently. However, purchasing property could be a more favorable option if you plan for a long-term stay in Cyprus.

🔹 Advantages:
Renting a property provides greater flexibility, allowing you to choose the duration of the lease and quickly relocate to another place after the contract ends. Additionally, renting can be a minimal initial investment.

Purchasing property grants you ownership status, and you can sell, rent out, or use it as a permanent residence. Furthermore, with long-term residency in Cyprus, you may have the opportunity to obtain Cypriot citizenship, subject to certain conditions.

🔹 Disadvantages:
When renting a property, you do not receive income from the property. The property owner may also decide to sell it, requiring you to search for new accommodation. The purchasing property carries risks associated with real estate investment, such as price depreciation or future lack of demand.

The decision to buy or rent property in Southern Cyprus depends on your individual needs and plans.

Please share in the comments what you consider to be more acceptable for you. 👇

INDEX.cy - Real Estate marketplace in Cyprus.

Our platform is designed to cater to the needs of all users - buyers, renters, agents, and property owners.

We employ cutting-edge technology and innovative tools to ensure efficiency in searching, buying, and selling Real Estate.

Our blog will share analytical data about the real estate market, showcase life in Cyprus, and keep you updated with the latest news.

That is NOT the way to sell the house worth several million in 21st century…

We plant to launch on June 1st, 2023. We hope to change the market for the better!

List your property before we launch our marketplace and get 3 months of premium membership for free! Write [email protected] or call 97 434310.