My business partner and his very wealthy sister are Greek Cypriots. They felt Cyprus was over supplied 2 years ago let alone now. My partners freind has a lovely villa just outside Pathos, yet he finds it very difficult to let out, as supply of property is so high.

He thought it was worth £750k 2 years ago, but guess what, its been on the market ever since and is now up for £600K with still no takers.

Every m,arket has a cycle and Cyprus is definitely not one for the smart investor.

Remember what the world richest man Warren Buffett says - "I get interested when no one else is, I get scared when everyone else is interested"

In other words the time to buy in Cyprus was years ago. The next time will be when people cant sell and no one is buying. The next 12 months will be interesting

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year