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Real Estate in Oroklini, Cyprus | Digital Nomad Exchange
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Real Estate in Oroklini, Cyprus

By Joshua Wood, LPC

Last updated on Jul 16, 2024

Summary: Expats and retirees talk about real estate in Oroklini, Cyprus? How do you find a home in Oroklini? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Oroklini?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Oroklini involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large villa, depending on your needs and financial capabilities. Next, you should research about the area. Oroklini is a village located in the Larnaca District of Cyprus, known for its tourist attractions and beautiful landscapes. It's important to understand the local amenities, such as shops, restaurants, and schools, as well as the public transportation system. Once you have a clear idea of what you're looking for, you can start your search. There are several online real estate platforms that list properties for rent or sale in Oroklini, such as Property Cyprus, Purple International, and BuySellCyprus. These websites allow you to filter your search based on your preferences, such as the number of bedrooms, price range, and property type. In addition to online platforms, you can also contact local real estate agencies. They have extensive knowledge of the local market and can provide you with options that match your criteria. Some reputable agencies in the area include Antonis Loizou & Associates and Fox Smart Estate Agency. Visiting the properties is a crucial step. This allows you to assess the condition of the property, its proximity to local amenities, and the neighborhood. It's recommended to visit at different times of the day to get a feel for the area. Once you've found a property you're interested in, you'll need to negotiate the terms of the lease or purchase with the landlord or seller. This includes the price, the length of the lease, and any other conditions. It's advisable to hire a lawyer to review the contract and ensure your interests are protected. Finally, once the contract is signed, you'll need to arrange for utilities and services such as electricity, water, and internet. This usually involves contacting the local utility companies and setting up accounts. Remember, finding a place to live in Oroklini, Cyprus, like any other place, requires time and patience. But with careful planning and research, you can find a home that suits your needs and budget," said one person in Oroklini.

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What is a typical expat home or apartment like in Oroklini?

"A typical expat home in Oroklini, is often a spacious villa or apartment that offers a blend of modern and traditional Mediterranean architecture. These homes usually have two to three bedrooms, a fully equipped kitchen, and a living room that opens up to a balcony or terrace. The interiors are often tastefully decorated with a mix of contemporary and classic furniture, reflecting the laid-back lifestyle of the island. Many homes come with a private swimming pool or have access to a communal one, providing a perfect spot for relaxation under the Cypriot sun. The homes often boast stunning views of the surrounding mountains or the azure Mediterranean Sea. The homes are usually located within walking distance to local amenities such as supermarkets, restaurants, and bars. Some are even close to the beach, offering expats the chance to enjoy the island's beautiful coastline. Despite the luxurious features, these homes often have a cozy and welcoming atmosphere, making them a comfortable place for expats to settle in. They are often surrounded by landscaped gardens filled with local flora, providing a serene and peaceful environment. In terms of utilities, these homes are usually equipped with air conditioning and heating systems, considering the island's hot summers and mild winters. They also often come with a parking space, a necessity for those planning to drive in Cyprus. Overall, a typical expat home in Oroklini offers a comfortable and luxurious living experience, combining the charm of Cypriot lifestyle with modern conveniences," said one expat in Oroklini.

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What is the average cost of housing in Oroklini?

If you are thinking about moving to Oroklini, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Oroklini can vary greatly depending on the type and size of the property. For instance, a one-bedroom apartment might cost around €50,000 to €100,000, while a three-bedroom house could range from €200,000 to €300,000. Luxury villas with sea views can go for over a million euros. Therefore, it's important to research and consider your specific needs and budget when looking for housing in Oroklini," remarked one member in Oroklini.

Should I buy or rent a home in Oroklini?

If you have not spent a lot of time in Oroklini, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Oroklini, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Oroklini for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide financial security in the future. However, buying a home also comes with additional costs such as maintenance, insurance, and property taxes. It also requires a significant upfront investment for the down payment and closing costs. If you're not ready for these financial commitments, renting might be a better option. Renting a home in Oroklini offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it doesn't require a large upfront investment. However, renting doesn't build equity and the monthly payments could increase over time. You also have less control over your living space, as you can't make significant changes without the landlord's permission. In conclusion, both buying and renting a home in Oroklini have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also be helpful," said one expat in Oroklini.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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