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

By Joshua Wood, LPC

Last updated on Nov 27, 2024

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

William Russell
William Russell
William Russell
William Russell

How do I find a place to live in Protaras?

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

"Finding a place to live in Protaras 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. Next, you should research the different areas of Protaras to find a location that suits your lifestyle and needs. Some areas may be closer to the beach, while others may be closer to the town center. 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 Protaras, such as Cyprus Property For Sale, BuySell Cyprus, and Purple International. These platforms allow you to filter your search based on your preferences, such as the number of bedrooms, price range, and location. In addition to online platforms, you can also contact local real estate agents in Protaras. They can provide you with a list of available properties and arrange viewings. When you find a property you're interested in, make sure to visit it in person before making a decision. This will give you a better idea of the property's condition, its proximity to amenities, and the neighborhood. Finally, once you've found a property you like, you'll need to negotiate the terms of the lease or purchase agreement. This will include the price, the length of the lease (if renting), and any other conditions. It's recommended to hire a lawyer to review the contract and ensure your interests are protected. Remember, finding a place to live can take time, so it's important to start your search well in advance of your planned move date," remarked one member in Protaras.

Avertiss Real EstateAvertiss Real Estate
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Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.

Avertiss Real EstateAvertiss Real Estate

Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.
Get Quote

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

"A typical expat home or apartment in Protaras, is often a spacious, modern property with a blend of traditional Cypriot and contemporary design elements. These homes usually have two to three bedrooms, a fully equipped kitchen, and a comfortable living area. Many of these properties come with a private swimming pool or at least access to a communal pool, considering the warm climate of the region. They often feature large balconies or terraces, offering stunning views of the Mediterranean Sea or the surrounding countryside. The interiors are usually well-lit with natural light, thanks to the large windows and the sunny weather of Cyprus. The homes are often located within walking distance to the beach, local shops, restaurants, and other amenities. Some of these properties are part of gated communities, providing an extra layer of security for the residents. Despite being modern and comfortable, these homes often incorporate elements of traditional Cypriot architecture, such as stone walls, wooden beams, and tiled roofs. The decor is usually a mix of modern and traditional, with comfortable furniture and local artwork. The kitchens are typically equipped with modern appliances, and some homes may also have a separate utility room with a washing machine and dryer. The bathrooms are usually modern and spacious, often with both a shower and a bathtub. Many expat homes in Protaras also come with a garden, providing a private outdoor space for relaxation and entertainment. Some properties may also have a garage or a private parking space. In terms of services, it's common for these homes to have high-speed internet, satellite TV, and air conditioning, considering the warm summers in Cyprus. Some properties may also offer cleaning and maintenance services, either included in the rent or available for an extra fee. Overall, a typical expat home in Protaras offers a comfortable and convenient living environment, combining modern amenities with the charm of traditional Cypriot living," remarked one member in Protaras.

Avertiss Real Estate

Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.

Learn MoreGet Quote

Avertiss Real Estate

Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.

Learn MoreGet Quote

What is the average cost of housing in Protaras?

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

"The average cost of housing in Protaras can vary greatly depending on the type and size of the property. For instance, a one-bedroom apartment in the city center may cost around €500 per month to rent, while a three-bedroom house could cost over €1,000 per month. If you're looking to buy property, a standard apartment might be priced at around €150,000, while a larger, luxury villa could cost upwards of €500,000. However, these prices can fluctuate based on factors such as location, proximity to amenities, and the current state of the real estate market," explained one expat living in Protaras, Cyprus.

Should I buy or rent a home in Protaras?

If you have not spent a lot of time in Protaras, 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 Protaras, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Protaras for a long time, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide a sense of stability and permanence. On the other hand, renting a home in Protaras might be a better option if you're not planning to stay for a long period or if you prefer flexibility. Renting doesn't require a large upfront investment and it can be easier to move if your circumstances change. It also means you won't have to worry about property maintenance and other responsibilities that come with homeownership. It's also worth considering the local real estate market conditions in Protaras. If property prices are high and predicted to fall, it might be better to rent for a while and wait for a more favorable buying opportunity. Conversely, if property prices are low and expected to rise, buying a home could be a smart move. Lastly, consider your financial situation. Buying a home requires a significant financial commitment and typically involves getting a mortgage, which means you'll need a stable income and good credit. If you're not in a position to take on this kind of financial commitment, renting might be the better option. In conclusion, whether you should buy or rent a home in Protaras, Cyprus, depends on various factors including your long-term plans, the local real estate market, and your financial situation. It's a decision that requires careful consideration and, ideally, advice from a real estate professional," said one expat in Protaras.

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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