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Old 22-04-2008, 08:16 AM
Gashead Gashead is offline
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Join Date: Apr 2008
Posts: 67
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Quote:
Originally Posted by thewett View Post
Hi Sue
Yes it is worth it if you buy at below market value and in areas where there is guaranteed growth.
Tim
You're not wrong there. But you're not handing out timeshare flyers so treat people on this forum with a little bit of respect eh?

If it sounds too good to be true then inevitably it is.

Cyprus is dead for at least a couple of years IMO. It'll follow the UK down the toilet and sadly there are a lot of new comers who've watched holidays in the sun or whatever on C4 and they are about to get a nasty shock and supply (esp. newly built) is about to totally outstrip demand. As an investment you'd be better off putting your money in the building society but if you like the place then maybe buy in a years time when it may have almost bottomed out... it may not recover for several years but that's no good if you want a holiday home to use. My advice steer well clear of anything off plan, with resell at least you're not leaving it in the hands of a developer who may go bust.
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