If you are looking at real estate limassol and choosing between a new building and a resale or resale in Cyprus, this simple text is for you. At MySpace we help clients every day: we show properties, check documents, negotiate deals and take on lease management.
Price and budget
A new building is usually more expensive at the start, but does not require renovation and has modern materials and energy efficiency. A resale is often cheaper per m², sometimes closer to the sea or school, but almost always requires updates: kitchen, bathroom, electricity.
Calculate the full cost of ownership for 3 years: taxes, utilities, repairs, furniture. If you are looking at Cyprus property for sale, add a “cushion” of 10-15% for unforeseen expenses.
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Location and lifestyle
Old houses – in established areas with cafes, supermarkets, transport. New complexes – with their own yard, parking, swimming pool, security. In Limassol, there is a wide choice: from the embankment to quiet neighborhoods. For a family, a secondary with a larger area is often better; for an investor – a new building with service and stable demand.
Rental and resale
New complexes are easier to rent out daily/seasonally: people like “new”. Secondary by the sea works well in long-term rentals. Resale is affected by the area and condition. Well-maintained housing, even not new, sells faster. Do you want to buy property in Cyprus for income? Compare the net income (after commissions and downtime), and not just the price per m².
Legal steps and deadlines
New construction – phased payments, acceptance, documents; it takes longer, but is transparent. Secondary – faster, but due diligence is required: titles, debts, technical condition. We explain in simple words, agree on the conditions, and accompany you to the keys. For owners, there is “List Your Property” – add an object, and we will find a buyer.
When to choose a new building
- minimum repairs and hassle
- better energy efficiency – lower bills
- modern layouts, elevators, parking, common areas
- When to choose a secondary
- more space for the same budget
- established infrastructure and neighbors
- can be moved in or rented almost immediately
How MySpace will help
We make a shortlist of 5-7 options (2-3 new buildings + 3-4 secondary), organize online/offline viewings, haggle for price, check documents, set up rental management. Getting started is easy: open the selection – buy house in Cyprus or write to us on MySpace.
Quick list of actions
- Determine the area and budget “all-inclusive”.
- Calculate expenses for 1-3 years.
- Compare net rental income.
- Ask us for 3-5 alternatives in each area.
- Choose where you are comfortable living or investing tomorrow.
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