Quote:
Originally Posted by thewett
Hi Sue
Yes it is worth it if you buy at below market value and in areas where there is guaranteed growth. I know of a development in Nicosia for off plan purchase which will then be resold to the Cypriots. .100% growth no problem in 18 months.
Contact me if you are interested and i will put you in touch withthe agent of the developer.
regards
Tim
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Sorry but this is nonsense. In the present market you would be lucky to het 20% growth in 18 months.
Do not be fooled by promises by developers that they will resell for you.
We have heard this many times and know of many people who have been left with apartments they cannot sell and cannot afford to pay the mortgage on.
Make certain you are very very sure that you are not being led up the garden path by greedy developers and their equally greedy agents.