Cyprus-Forum.com

[Southerner]

The only problem with renting is that property prices will obviously rise, especially with the proposed VAT introduction on land. This will obviously increase resale values too. Although I agree with renting for the initial period, you have to weigh up the pros and cons.

Yes but so does your property back in the UK, I certainly won't sell up in the UK and then rent in Cyprus with the money sitting in the bank, I may even rent my place out in the UK for 12 months

[Peterc]

thats why i said you need to weigh up the pros and cons

[The Microphone]

So putting VAT on new houses (derr) is now a legit excuse to increase resale prices by 15% is it????? In a market where thousands already can't sell at TODAYS prices.

It seems that not only are the laws of physics defied in Cyprus by truck drivers who never secure a load to a trailer, but now the economic laws can be defied as well.

When the bubble bursts, and it must, there are going to be a lot of sad folks here. But I'm renting so I wont be one of them

I think I'll inflate the price of my house in the UK (just for fun) so that when some 'get rich quick seller' makes a killing here I can take it all off him when he returns to blighty. 3bed semi..quiet location...DG....seperate garage....driveway......GCH....£300k.