I would like to mention that there is no poverty in the south of the island. You do not get beggars at all. They will survive quite well to start with because we are buying into their pockets. And Cypriot people are not poor.
Investment Property In Cyprus
Quote:
|
Originally Posted by armando
Hi Andre,
I live in Cyprus. The market topped last year after a lot of hype about the effects of EU membership. For sure, prices there are in a bubble and are only supported by UK buyers (and to a lesser extent Russians). The local economy cannot support a major property boom with average wages being only 500-ish quid a month.
We are moving out next year. Therte is very limited infrastructure there. My wife complains often about the lack of shopping and our kids likewise about the few leisure facilities. In my view, it's better to go to somewhere like Florida where there are bags of things to do, the infrastructure is top class and there is no language problem. That's where I will be heading when I retire, anyway.
Thank you
Armando
|