Cyprus-Forum.com

[Alassa]

I'd judge closer to £1000 per month for comfortable living.

Alassa

[Baggieboy]

Hi Joanna - Yes - fair point. However, during this time property in the UK is also increasing! I know its not too scientific a process, but if UK and Cyprus property rises by, say, 5% a year, as our UK property is of a higher value, we'll still be in a better position.

PS - I don't take a great deal of notice of the claims that Cyprus property prices are about to "explode". They've been saying this ever since we started looking, citing various reasons. Ultimately Cyprus property prices tend to follow those of the UK. A boom here will boost Cyprus prices.

Add this to the fact that asking prices in Cyprus are not being met - sometimes by a substantial percentage, so I'm not too worried at the minute.

Equally there are claims that the "bubble will burst", but I don't go along with that either.

Ultimately, we don't intend to work when we get there, so we have to ensure we have a satisfactory financial package before making the leap.

Still - we do keep an eye on any developments, and are trying to remain flexible should things change one way or t'other.

regards,

Richie

[Southerner]

Baggieboy agree with you there , and youve deffinately got a good idea, but on the other hand, property prices in Cyprus have gone up a lot in the last 5 years, so imagine how much they may go up in another 5?, in the end, it may have been a bit of a false economy.

And just imagine how many more propetys will be for sale/rent, they're having diffculty selling the existing propertys and yet they still build.

[Maccy]

Thanks to everyone for your replies! We're taking all the advice we've received on board and obviously have a lot to think about before we make our final decision.

Sabeaney, thanks for your encouraging words and we might take you up on your offer of some more advice shortly.

Maccy