by Z4 » Sat Jul 05, 2008 11:35 pm
These developments you see (this is to Purdey, he/she will know what I mean) that a few apartments are not sold does not bother the developer. Look at Interlink and their development in Pissouri. There are probably ten ground floor apartments which are not sold. Do they care? No. They have covered their costs, made their profit, and the next 10 they sell the money will just got in the back pocket.
Ok, I suppose developments where the majority of apartments are not sold this would be a problem (ie in Paphos where competition is fierce)