Cyprus-Forum.com

[craigbeck]

I am buying a house though Atlas International - has anyone used them before - what should I expect.

Any tips on ensuring they do everything on time etc?


Craig

[Svetlana]

Are they the Estate Agent, Developer or Building Contractor?

lana

[craigbeck]

Agent

C

[loving it]

Unless things have changed Atlas International used to sell soley for Aristo Developers. They act as Agents. They do the inspection trip where everything is laid on for you, which is great.

However, you do pay for this in more than one way. Firstly, you only get to view Aristo properties and secondly, you pay more in the long run.

Buyers like myself, think that they are getting a really good deal in price comparision between buying off-plan and buying a property that is completed. But what happens is that the price these developers quote you never ends up the price you pay. Ours started off at just £119,000 but ened up loads more without us even realising.

I personally would recommend buying a resale. There are a lot on the market even like mine that hasn't even been lived in.

Sorry to be so negative.

[craigbeck]

I see at what point do they add the extras.

[beverley10]

Come over on holiday,get the Cyprus weekly,call in to the UKCA club in Paphos/Limmasol and see what re sales are available.You will get a much better deal as you are not paying the enormous 5% plus vat that agents and developers pay to people like Atlas etc.I have a lovely apartment for sale,fully furnished and equipped in Peyia(in the hills above Coral Bay) for under a CY£100k.PM me iff you are interested.

[Peterc]

they also charge the owner 15-20% commission, work it out and see how much your overpaying, try www.aloizou.com.cy

[Southerner]

Keep away from resales, always insist on a new build!
Why? you may ask, so that there will be lots of resales for me to choose from next year.

[The Microphone]

Rent for 12 months. At least. Settle in and keep your cash in the bank. If you settle here, then consider buying. Renting is quite cheap so why tie up all your assets in a building you never get the right price for if you want to sell due to the sheer volume of resales on the market?

[Peterc]

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.