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State of Property market in Paphos?

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State of Property market in Paphos?

Postby dougdonuts » Mon Jun 23, 2008 12:55 pm

What is the current state of the property market in Cyprus (Paphos area).
Are properties selling for their asking prices?
How long does a property stay on the market until sold?
Or is it as bad a Spain where things take ages to sell and you need to knock 25% off the price to achieve a sale.
What are the typical costs when selling?

d.
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Postby Z4 » Mon Jun 23, 2008 1:01 pm

I very much doubt that resales are sold in Paphos but only new ones. I could be wrong but doubt it very much. If you own a home in Paphos and surrounding area's and would like to sell it, good luck.
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Postby dougdonuts » Thu Jun 26, 2008 12:20 am

COME ON, THERE MUST BE SOME PEOPLE OUT THERE WITH SOME INFORMATION..
PLEASE POST A REPLY.
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Postby CBBB » Thu Jun 26, 2008 5:12 am

READ THE PAPERS!!!!!!!
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Re: State of Property market in Paphos?

Postby Niki » Thu Jun 26, 2008 7:05 am

dougdonuts wrote:What is the current state of the property market in Cyprus (Paphos area).
Are properties selling for their asking prices?
How long does a property stay on the market until sold?
Or is it as bad a Spain where things take ages to sell and you need to knock 25% off the price to achieve a sale.
What are the typical costs when selling?

d.


Try the Cyprus Living forum which is Pahos based. They have sections with property experts. Sorry I can't help more.
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property

Postby Bucksboy » Thu Jun 26, 2008 9:20 am

Are you looking to buy? If so, I can help and have a vast experience of trying to sell in this dead market.
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Postby Niki » Thu Jun 26, 2008 9:48 am

www.cyprus-property-buyers.com/forum/

Good luck!
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Postby Noddy » Thu Jun 26, 2008 10:00 am

I was looking to buy but not anymore.I think that brits are now aware of the title deed issue and are being cautious to say the least.Add to that exchange rate and U.K. property crash and you wuold have to do some real soul-searching to purchase in an overpriced market
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Postby Cheshire Cat » Thu Jun 26, 2008 10:18 am

The Property markets are flat all over now, it has been like this before and they have recovered. In the U.K. and Cyprus the markets were very hot and I think that the cooling is comparative to the heat. It will I am sure recover, but slowly ( IMHO).
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Postby purdey » Thu Jun 26, 2008 10:44 am

If you have the money go for it. Don't expect a good return on your investment in the near future. Plenty of ex pat resales in and around Paphos.
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