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Managing Director
The Man Behind G&P Lazarou Estate Agents
With more than 33 years in the Cypriot property market, Petros set the standards our consultants work to every day. Message him directly: he will either point you to the right person for your property, or take it on himself.
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What We Offer
Explore a curated range of properties across premier locations, from coastal villas and suburban homes to city apartments, executive offices, and development land. We help you identify the right opportunities, shortlist your options, and negotiate the best possible terms.
With 33 years of market leadership, we position your property for maximum return. From accurate valuation and strategic pricing to targeted marketing campaigns and access to our extensive buyer network, we ensure maximum exposure and the best possible sale price.
Discover a wide range of verified residential and commercial rental properties, from modern city apartments and family homes to executive office spaces. We simplify your search, assist with contract negotiations, and ensure a seamless rental process from viewing to move-in.
Selling real estate online is an honest and fully transparent process for both the seller and the bidder. G&P Lazarou's online auction platform makes the whole process quick and easy.
Our office provides comprehensive support for the Cyprus Permanent Residency by Investment framework. We assist international clients with property selection and legal coordination. Our goal is to help you obtain residency efficiently. Our specialized Cyprus real estate services focus on enhancing the long-term value of your investment.
With decades of experience in property valuations, we know exactly how to determine the true market value of your asset. Our specialized consultants, provided in cooperation with G&P Lazarou Property Valuation, provide reliable and fully documented appraisals, so you can make informed decisions when selling, buying or investing in real estate.
We support companies with relocation and property-related decisions. Our team can assist you in finding office space and handling property management.
Additionally, we provide guidance on:
If you are planning to build your own home, we can support you from concept to completion. Through close collaboration with reputable developers, we help you identify the right plot. In addition, we proudly act as your project manager to coordinate the full construction process for your new villa or business premises.
About Us
G&P Lazarou Estate Agents was established in 1993 as a two-person office in Nicosia and has grown into one of Cyprus's most trusted estate agencies with offices across the island.
3 offices, 70+ property consultants, 430+ partner developers and AI-powered property search across Cyprus.
Launch of our online property auction platform.
Partnerships with 250 developers and a team of 25 property consultants.
Opening of our Limassol office (April) and Larnaca office (September).
Opening of our Nicosia office (April).
Blog & News
Most rental viewings last fifteen minutes. In that time you’re expected to decide whether a place is right for the next year or more of your life, often while another interested tenant is waiting outside. It’s no wonder people sign first and discover the problems later: the air conditioning in the bedroom doesn’t work, the common expenses are higher than expected, or the landlord takes weeks to fix anything.The way to avoid that is simple. Go in with a list of questions and don’t feel awkward asking them. A good landlord or agent will be glad you did.About the rent and the moneyWhat exactly does the rent include? Ask whether common expenses, water, internet or parking are part of the price or extra.How much are the common expenses, and who pays them? In many buildings they’re paid by the tenant. Ask for a recent figure, not an estimate.What is the deposit, and when and how is it returned? Agree in writing what can be deducted and in what timeframe it comes back.How is rent paid, and on what date? A bank transfer gives you a clear record.Can the rent increase during the contract? If so, by how much and when.About bills and utilitiesWill the electricity and water accounts be transferred to my name? Find out who arranges it and whether there are any outstanding bills on the property.What are typical monthly bills? Ask about summer electricity in particular. Air conditioning in July and August can make a big difference.Is there internet already installed? Check which providers are available in the building, especially if you work from home.How is water heated? Solar water heaters are common in Cyprus, but check whether there is an electric backup for winter.About the property itselfLook properly, not politely. Open cupboards, run the taps, flush the toilet and turn on the air conditioning in every room.Do all the appliances and air-conditioning units work? Ask when they were last serviced.Are there any signs of damp or leaks? Check corners, ceilings, behind furniture and under sinks.Is it furnished, and what stays? Ask for an inventory list with photos before you move in.Is there covered or allocated parking? And is it included in the rent?Is there storage? A storage room in the building can make a small flat far more liveable.About repairs and the landlordWho do I contact if something breaks? The landlord, an agent or a management company?Who pays for which repairs? Agree on the difference between normal wear and tear and damage.How quickly are repairs usually handled? Asking how a recent problem was dealt with can tell you a lot.Can I make small changes, such as hanging pictures, painting a room or installing a washing machine?Are pets allowed? Even if you don’t have one now, ask if you might in the future.About the contractHow long is the contract, and what are the renewal terms?Can I leave early, and with how much notice? Look for a clear break clause.What happens if the landlord sells the property? Ask how your tenancy is protected.Will the contract be in writing and signed by both sides? Never rely on a verbal agreement.If anything in the contract isn’t clear, ask for it in writing or have a lawyer look at it before you sign. It’s much easier to agree terms now than to argue about them later.About the building and the areaWho lives in the building? Mostly families, students or professionals?How is the building managed? Is there an active management committee, and are common areas kept clean?What’s the area like at night and at weekends? Visit again at a different time if you can.How far is it to work, schools, shops and public transport? Test the journey at rush hour, not on a quiet Sunday.Before you say yesTake photos during the viewing so you can compare properties later. Write down the answers you get. If you decide to go ahead, make sure what was promised during the viewing appears in the contract, whether it’s a new mattress, a repaired air-conditioning unit or parking included in the rent.Looking for a rental in Nicosia, Larnaca or Limassol? G&P Lazarou Estate Agents can arrange viewings, answer your questions and guide you through the contract. Call +357 22024949, email info@gplazarou.com or see our properties for rent at gplazarou.com.Discover available houses for sale in CyprusView residential plots for sale in CyprusExplore modern apartments for sale in CyprusBrowse commercial properties for sale in CyprusDiscover available houses for rent in CyprusExplore modern apartments for rent in CyprusView residential plots for rent in CyprusBrowse commercial properties for rent in Cyprus
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“The flat upstairs sold for more, and ours is bigger.” We hear some version of this from owners all the time. Usually the explanation isn’t the market or the buyer. It’s something about the property itself, often something the owner had stopped noticing years ago.Some things that pull value down are outside your control. Many are not. Knowing which is which helps you decide what to fix, what to disclose and what to expect when you sell, refinance or have your property valued.Problems with the paperworkIn Cyprus, documents often matter more than finishes. A buyer can live with an old kitchen. A bank is far less relaxed about legal uncertainty.No separate title deed, or a title still held in someone else’s name.Unpermitted additions, such as an enclosed veranda, an extra room on the roof or a converted storage space.Mortgages or charges still registered against the property.Shared ownership where not every co-owner agrees to sell.Each of these can narrow the pool of buyers, make a loan harder to obtain and slow down the sale. Some buyers will still go ahead, but they will expect a lower price for taking on the risk.Neglect and deferred maintenanceSmall problems left alone tend to become big ones. Damp patches, cracked render, leaking roofs, rusting railings and tired air-conditioning units all send the same message to a buyer: what else hasn’t been looked after?The cost in value is often greater than the cost of the repair, because buyers mentally add a margin for the unknown. Fixing obvious issues before you sell is usually money well spent.A building in poor shapeWith apartments, the building can drag down a well-kept flat. Value tends to suffer when there are:Dirty or damaged common areas.A lift that is often out of order.Unpaid common expenses or disputes within the management committee.Major works on the horizon, such as roof waterproofing or structural repairs, that every owner will have to fund.Buyers and valuers look at the whole building, not only the front door of your apartment.Layout and design that work against youSome homes have plenty of square metres but use them badly. Long corridors, rooms you have to walk through to reach other rooms, a bathroom off the kitchen, or a bedroom too small for a double bed all reduce how useful the space feels. Heavily personalised renovations, such as unusual colours, built-in furniture or a pool that takes over the whole garden, can also put buyers off.Location factors you can’t moveSome things can’t be changed, but they still affect value:A busy main road, heavy traffic or a noisy neighbour such as a bar or workshop.High-voltage power lines or a phone mast nearby.Poor orientation, with little natural light.Flood risk, or a plot prone to water collecting after rain.Changes in the neighbourhood matter too. A large commercial project, a new road or a run-down property next door can weigh on value over time.Energy performanceOlder homes with single glazing, no insulation and inefficient air conditioning cost more to run. As buyers become more aware of energy costs, a poor energy performance certificate is increasingly reflected in what they’re willing to pay.Tenancies and occupancyA property let to a long-standing tenant who is protected under the Rent Control Law, or one with an unclear or informal rental agreement, can be harder to sell and worth less than the same property with vacant possession. Buyers want to know when they can move in or set their own rent. The terms of any existing tenancy should always be checked with a lawyer.Pricing it wrongOverpricing can reduce what you finally achieve. A property that sits on the market for months starts to look like it has a problem, and buyers begin to negotiate harder. Pricing realistically from the start often leads to a better result than a series of price cuts later.What you can doNot every issue can be solved, but many can be reduced:Sort out title deed issues and permits before you go to market, where possible.Carry out obvious repairs and refresh worn areas.Get involved with your building’s management committee.Gather documents early: title deed, permits, plans, energy certificate and tenancy agreement.Be open with buyers about issues that can’t be fixed. Surprises late in a sale cost more than honesty at the start.Know where you standA professional valuation shows how these factors affect your property in particular, and which ones are worth addressing before you sell or refinance.G&P Lazarou Property Valuation provides property valuation services across Cyprus. Speak to the team at +357 22024949 or valuation@gplazarou.com.Discover available houses for sale in CyprusView residential plots for sale in CyprusExplore modern apartments for sale in CyprusBrowse commercial properties for sale in CyprusDiscover available houses for rent in CyprusExplore modern apartments for rent in CyprusView residential plots for rent in CyprusBrowse commercial properties for rent in Cyprus
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Walk around almost any Nicosia suburb today and you’ll see two property markets side by side. On one corner, a crane is finishing a five-storey block with glass balconies and a show flat. Across the road stands a solid 1990s building with mature trees, a generous veranda and a “For Sale” sign on the second floor.Buyers often feel pulled between the two. In our own Nicosia data, new builds made up 64% of apartment sales in 2025, and they sold at higher prices per square metre than resales in every area we looked at. The question isn’t which one is better. The question is which one suits you, and what you’re really paying for.What a new build offersThe appeal is easy to understand. Everything is new, from the wiring and plumbing to the kitchen and bathrooms. Modern buildings usually come with:Better insulation and energy performance, which shows up in your summer electricity bill.Covered parking, storage and a lift as standard.Contemporary layouts with open-plan living areas.A warranty period from the developer for defects.If you buy off-plan, you may also be able to choose finishes and, sometimes, secure a lower price than on completion.What to watch with a new buildNew comes at a price, and not only in the asking figure.VAT. New properties are subject to VAT. A reduced rate may apply if the home will be your main residence and you meet the conditions. A holiday home or investment property is usually charged at the standard rate. Your lawyer or accountant should confirm what applies to you before you sign.Delivery and delays. Off-plan projects can run late. Check the developer’s track record and what the contract says about completion dates and penalties.The developer’s financing. Find out whether the land or project is mortgaged to a bank and how your share will be released from it.Title deeds. Separate title deeds for new apartments can take time. Make sure the sale contract is deposited with the Department of Lands and Surveys to protect your position.A neighbourhood still forming. In a new development, you can’t always know who your neighbours will be or how the building will be managed.What a resale property offersAn older property lets you see exactly what you’re getting. You can walk the rooms, check the light at different times of day, speak to neighbours and see how the building has been looked after over the years.Resale homes are often:More spacious for the money, with larger rooms and verandas.In established areas with mature streets, shops and schools nearby.Available straight away, with no waiting for construction.Free of VAT, although transfer fees and other costs apply. Ask your lawyer for the current figures.Many already have their own title deed, which makes the process simpler and can make financing easier.What to watch with a resale propertyThe trade-off is age. Older buildings may have:Wiring, plumbing and roofs that need replacing.Weaker insulation and higher energy bills.No lift, no covered parking or limited storage.Additions such as enclosed verandas that were never permitted.The building matters as much as the flat. Ask about common expenses, unpaid charges and any major works the management committee is planning. A survey by a civil engineer before you commit is money well spent.Also budget realistically for updating the property. A lower purchase price can disappear quickly once a new kitchen, bathrooms and air conditioning are added.Comparing them fairlyPrice per square metre on its own won’t tell you which is the better deal. To compare the two properly, add up the full cost of each:The purchase price.VAT or transfer fees.Renovation or upgrade costs.Running costs, such as energy bills and common expenses.How long you’ll wait before you can move in or start earning rent.Then think about resale. In areas where most buyers want modern apartments, an older flat may take longer to sell later. In established neighbourhoods with little new building, a well-kept resale home can hold its appeal very well.Which suits you?A new build usually makes more sense if:You want low maintenance and modern energy performance.You can wait for completion.The home will be your main residence and the reduced VAT rate may apply.A resale property usually makes more sense if:You want more space or a specific established area.You need to move soon.You’re comfortable taking on some renovation to make it your own.Whether you’re leaning towards a new apartment or an established home, our consultants at G&P Lazarou Estate Agents can show you both side by side and help you check the details that matter. Call +357 22024949, email info@gplazarou.com or browse our listings at gplazarou.com.Discover available houses for sale in CyprusView residential plots for sale in CyprusExplore modern apartments for sale in CyprusBrowse commercial properties for sale in CyprusDiscover available houses for rent in CyprusExplore modern apartments for rent in CyprusView residential plots for rent in CyprusBrowse commercial properties for rent in Cyprus
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