Hi Susie

Yes the property was bought off plan and if you intend to buy here off plan is a good idea as long as you are prepared for it not to be ready on time as an awfull lot of the developements run late in completing.

At the moment Cyprus is an enemy to itself. What I have learned from friends that own bars, restaurants & hotels is that the Cyprus Govenrment are not marketing the island, they are not encouraging the airlines to bring in flights and tourism is certainly on the downward scale. Almost every business that relies on the tourists has seen at least a 30% reduction on there takings compared with previous years. We are all hoping that the extension on the airports will help, flights are very expensive to come to Cyprus and limited. Cheaper flights would definatly help and I know companies like easyjet are trying to come to Cyprus so if they do that should be a bonus to us all.

Short term rentals is the way to go if you market your property well, I have a friend here that owns a 2 bedroom apartment in Kapparis, Paralimni area and he has had that occupied for 26 weeks this season so it proves that it can be done. There are lots of websites you can place your properties on and some only for a very small annual fee.

I think the euro will definatly change the market for the better or worse who knows, with that one its just a guessing game i'm affraid and until it happens in January nobody will know for sure. The only thing that I can say is that when the Euro came into countries like Spain the economy changed for the worse, everything got more expensive so going on that, if you still want to buy in Cyprus purchase before the 1st January 2008.

My business is going ok, like most things its either a feast or a famon but luckly for me my business does not rely on tourism.

At the end of the day the decission is yours, gather all your information, make a plan, decide what you want the property for and what type of property your after, be aware that your in it for the long term as should your financials change theres no selling fast. Once you've found something that ticks all your boxes then and only then sign on the dotted line, if you have any doubts in the back of your mind walk away. I believe that things are meant to be and things happen for a reason so for you if its meant to be its meant to be.

Good luck in your search, hope it all works out for you and if you have anymore questions you want honest answers for just let me know.

Best regards

JJ