Quote:
Originally Posted by Lysos
Developers are still holding out for top prices, thinking that if the Brits can't afford to buy (£ down 20% v. the Euro) the Russians can. In today's market look for a resale from a deperate selller.
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Lysos is aboslutey right. There are many people whio are desperate to sell because for one reason or anther (usually health or family matters) they have to return to the Uk.
The resale market is very slow as developers persuade people that off plan is the best buy, which it might have been at one time but is not now.
This means that there are a lot of people who are now willing to take less for their properties especially as the euro will now buy them a better home back in the UK due to the exchange rate.
Take a look at
Cyprus villas, apartments and property for sale. Properties in Paphos.
You will find a goodrange of resales there