Given all the different arguements which could go on and on, its often worth remembering that when we buy in Cyprus it is for a different lifestyle to the UK one, and we have to establish what we want from a property, and for that sue you will have to be a bit more specific about your requirements if you want more specific answers.

Any info on how the resale market is going at the moment as I have two apartments which i intend to sell after jan , as the price will surely go up due to the euro
any info appreciated
plus I have had no problems with my cyprus developer , good guy
thanks Glyn

Hello Glyn,

The market is the market, it comes and goes! Although the general trend is robust to strong, it very much depends upon how many people are coming in to buy (especially holiday type apartments), a lot depends upon the area, the complex etc etc. The Euro being adopted is not a guarantee for the price to go up relative to the pound so beware on that one!

Where are you apartments, how old are they, what is the current use, how many bedrooms do they have?

We can arrange a valuation if you are thinking of selling and would be delighted to do so.

We work with an excellent local agent in Cyprus who are very helpful in answering queries you may have and can show you a selection of properties on viewing trips if you wish. Please have a look at our website to see what's currently available Keith Ashton International - Overseas Properties for Sale, International Property Sales

Or better still, talk to a company who specialises in the area New Home in Cyprus - independent property agent

Cheers

__________________
Straight talking No Gimmicks www.newhomecyprus.co.uk

Thought this may be of interest - News from XL Airways - To meet increased demand they will be running additional budget flights to Cyprus from Luton next summer. Always worth taking significant note of current and future flight costs when considering investment...

__________________
Paul
www.InsideTrack.co.uk
Property Investment Education

Great news - More Brits flying into the South to go to the North to Holiday or Buy.

Hi Sue,

Forget the short-term holiday market – there are too many properties chasing too few holiday makers; focus on the long-term market (one year or more). Look at apartments in residential areas that are relatively central, not densely developed with apartments, reasonably quiet and close to local amenities such as schools, shops, etc. And avoid buying an apartment in a block with shops on the ground floor. Budget on spending around 175,000 sterling for a 3 bedroom 150 sqm apartment.

I've been contacted by a number of people who are desperate to sell holiday homes. The advertising blurb promised the 14% ROI - the reality is something completely different!

Do not bank on getting more than 4% - 6& gross on your investment. Out of this you'll need to pay communal fees, management fees, breakages, repairs, redecoration, utility bills, etc.

The Bank of Cyprus tightened the purse strings last year in the run-up to the island's adoption of the Euro. The maximum mortgage you can expect from a bank in Cyprus is 60%.

I've only just found this forum & registered. If you need more information about buying property here, Google my name - Nigel Howarth - I'm number 1 in their rankings.

Take care & do a bit more independent research before taking the plunge.

Regards,

Nigel Howarth

Recent reports suggest about 4.7% return so it's better as a buy to use, just avoid the chavvy areas like Paralimni and Protaras.

Be very careful if considering buying from one of the larger developers.
Their prices tend to be very inflated and the quality of their building is generally quite poor.
Spend some time looking around, but do not be tempted to come over on cheap inspection flights with developers or the larger agents. You will be babysat for the time you are here and they will use hard sell to try to coerce you into signing a contract before you leave the island.
These agents also charge in some case as much as 15%commission so guess who pays that in t he end.
We sell property in the Paphos district, have a website, and offer money back
for anyone who buys through us. There are several other companies who work i nthe same way as this is a much fairer way, giving people more flexiblity and the chance to speak to more than one agent. The money back usually covers the cost of your trip over.
So if you are seriously considering buying try to find a company who offers this rather than cheap flights, that way you do not end up paying for people who only want cheap holidays and have no intention whatsoever of buying.
As for promises from developers that buy to let will pay for itself, I am afraid that those times are in the past.
There is a glut of rental property with many remaining empty for long periods.
The current strength of the euro against sterling means that fewer people are coming to Cyprus than in the last few years. This means that many resale properties are being dropped in price by owners who are desperate to sell.
Ooops sorry i seem to have rambled on somewhat so I will shut up for now