PyramidJames,
Property sales here are on their knees!
I should know as I've been trying to sell for nearly 2 years!
The price you have been quoted for a new build is way too much in this market. DO NOT BE TEMPTED WITH NEW BUILD
You will be more than likely buy a load of problems and almost certainly will never get your title deeds.

Speak to ex pats who live here and not the fantasists who call themselves property developers. Cyprus is fantasy island as far as making money out of property is concerned...I urge great caution.