Quote:
Originally Posted by Gashead
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. |
I agree 100% Gashead.
Resales are the best bet at the moment because there are people who for one reason or another need to go back to the Uk and its is a buyers market for resales with lots of scope for bargaining.
Off plan on large complexes is a risky business but if you find the right small developer (but have them checked out by a solicitor first) there is still plenty of scope for a lovely home if it is for living in but even in this market there is no scope for buying for investment at the present time.