Quote:
Originally Posted by Gina Alexiou
Hi there
When you are not sure of something it probably means it is not supposed to be happening.Tell me what sort of property you are intersted in and your budget and maybe i can help you with something on the South. However, in the village of Liopetri, you can actually buy a 2 bedroom maisonette with just a small reservation fee and a 100% mortgage not paying anything for the next 18 months. And the great thing is that you can use the property since it will be delivered in September 2008. And it comes fully furnished. Now thats a great investment. I am going to buy one and my intention is to use it and sell it before i make a payment on it. Its a great investment.
I can give you the info on t if you like.
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The idea of buying and reselling before you have to make a single payment is all very well but in reality it rarely happens that way.
Too many unscrupulous developers are promisning people this sort of thing but the market is stagnant and properties are taking much longer to sell than in the past.
We have a website selling properties mainly in the Paphos area and most resales on our books are on many other websites but are just not selling.
Unless you are in a position to wait for a long time for any returns do not risk getting into something you may not be able to get out easily.
This is still a great place to live in and anyone looking for a home in the South cant go wrong, but in the present economic climate the time is not right for investment.
As I said I sell properties here so its is actually not in my interest to talk people out of buying here, but my main concern is to save people making expensive mistakes.