I have to agree with Pippin - the days of buying and flipping in Cyprus are long gone.
The market's slowed down here considerably. I was reading a local newspaper report a few days ago that was talking about one developer in Paralimni. During the first 3 months of 2008 he sold 10 properties, compared to 52 during the same period in 2007.
If you're looking to buy a permanent home, that's fine. But if you're looking at the buy-to-let/jet-to-let market - forget it - too many properties chasing too few holiday makers.
And Gina - find somewhere more sensible to invest your money - somewhere where you'll make a decent return.
Cheers,
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