Those who prefer to rent a property will find that newspaper advertisements and online searches are the best places to start looking. Estate agents can be very helpful in these situations, but they always require a certain fee to be paid. Every potential customer should be aware that rental fees in Cyprus can be quite substantial, so maybe some of our employees should also consider house-sharing options.
Deposits are usually 2 months’ rent, very few places require a 4 or 6 months deposit.
When it comes to utility bills, tenants are generally responsible for their own expenses. It can be very costly and always factored into the housing budget. It is also important to know that Cyprus has a progressive water-taxation system, so everyone should think twice before deciding to water the garden or re-fill the house pool.
The general standard of accommodation in Cyprus can be considered quite good, as most of the property on the island is fairly new and in good shape. Heating and air conditioning systems are usually installed, and the majority of houses in Cyprus have a shared or private pool.
Rented apartments on the island are generally furnished, while the houses are usually unfurnished. It is useful to know that shipping furniture to the Republic of Cyprus is a viable option, especially from within the European Union. If this is not an option, the IKEA factory in Nicosia makes buying furniture very feasible. Many expats report disappointment with the second-hand furniture market in Cyprus. we were quite successful with second-hand furniture but YMMV.
When it comes to the cost of living in the Republic of Cyprus, the prices vary depending on the location and the service provider. Limassol is probably the most expensive, followed by Nicosia, Larnaca and Paphos being the cheapest. The Famagusta district is then split. Protaras is the most expensive, and Agya Napa is probably the cheapest.
When you rent a place make sure that your tenancy agreement is for at least 1 year, since this is a requirement by the immigration and that the utility bills are in your name. The utility bills are required by banks and insurances as proof of address and also on extension of your work permit/visa as proof that you resided in the appartment.
