juliesewell wrote:Kent
In an ideal world, one would usually expect if a property has been empty for sometime the landlord would consider reducing the rent, in order to have some income - rather than no income at all.
Unfortunately, that concept doesn't seem to apply to Cyprus!
If they don't get a tenant, the are either perfectly happy to sit back and wait - or, put the price up!
Totally confusing, I know - but this happens both with rentals and property sales.onGood luck
We have met people recently who have bartered considerably with rentals.
Getting reductions of up to 30% is possible, along with the fact that Cypriots do tend to ask more than they expect, we looked at a property in Tala with the estate agent the rent was £320 PCM, when we went back later in the day; the owners were there and didn't realise that we had already viewed; assumng that we had just seen the for 'for rent' sign, we asked them the price, "£400 PCM" they said.
There are 8,000 or so empty properties in Limassol and around 11,000 in Paphos.