Cyprus-Forum.com

[Kikapu]

I have a few quid to spare. Has it crashed yet?

Be patient but also bear in mind you will have to pay in ....Russian rubies Cypriot " luxury" developers are shiting them selves right now, what with the end of Golden passports and the absence of Russians who the fuck will pay 1.5 milli9m euros for a one bedroom flat
Cyprus isn't Monte Carlo, salaries of 1000 to 1500 euros per month are not enough for the average Cypriot to invest such rediculous prices. In the meantime Im expecting a call from one developer ready to accept my original offer which I have now withdrawn.

If and when these properties do not sell at all and the banks take them over from developers to recoup some of the bank’s monies, they will be auctioned off, so Milti, look for announcement for such deals and go there with cash in your pocket and pick up a bargain or two.

[Londonrake]

I have a few quid to spare. Has it crashed yet?

Be patient but also bear in mind you will have to pay in ....Russian rubies Cypriot " luxury" developers are shiting them selves right now, what with the end of Golden passports and the absence of Russians who the fuck will pay 1.5 milli9m euros for a one bedroom flat
Cyprus isn't Monte Carlo, salaries of 1000 to 1500 euros per month are not enough for the average Cypriot to invest such rediculous prices. In the meantime Im expecting a call from one developer ready to accept my original offer which I have now withdrawn.

If and when these properties do not sell at all and the banks take them over from developers to recoup some of the bank’s monies, they will be auctioned off, so Milti, look for announcement for such deals and go there with cash in your pocket and pick up a bargain or two.

You and Lordo could chip in and buy one together.

It would be like that movie. “The odd couple”.

[Lordo]

I have a few quid to spare. Has it crashed yet?

Be patient but also bear in mind you will have to pay in ....Russian rubies Cypriot " luxury" developers are shiting them selves right now, what with the end of Golden passports and the absence of Russians who the fuck will pay 1.5 milli9m euros for a one bedroom flat
Cyprus isn't Monte Carlo, salaries of 1000 to 1500 euros per month are not enough for the average Cypriot to invest such rediculous prices. In the meantime Im expecting a call from one developer ready to accept my original offer which I have now withdrawn.

If and when these properties do not sell at all and the banks take them over from developers to recoup some of the bank’s monies, they will be auctioned off, so Milti, look for announcement for such deals and go there with cash in your pocket and pick up a bargain or two.

You and Lordo could chip in and buy one together.

It would be like that movie. “The odd couple”.

I will be Lemmon and Kiks can be the wrinkly guy.

But I am not in the market for buying at any price, I have enough work maintaining the three I do have. I just need a swimming pool in Lordo castle and that will be that for any work except the odd paint work required. Assuming that zivaniya production has already started.

[miltiades]

I have a few quid to spare. Has it crashed yet?

Be patient but also bear in mind you will have to pay in ....Russian rubies Cypriot " luxury" developers are shiting them selves right now, what with the end of Golden passports and the absence of Russians who the fuck will pay 1.5 milli9m euros for a one bedroom flat
Cyprus isn't Monte Carlo, salaries of 1000 to 1500 euros per month are not enough for the average Cypriot to invest such rediculous prices. In the meantime Im expecting a call from one developer ready to accept my original offer which I have now withdrawn.

If and when these properties do not sell at all and the banks take them over from developers to recoup some of the bank’s monies, they will be auctioned off, so Milti, look for announcement for such deals and go there with cash in your pocket and pick up a bargain or two.

I have been following the Cypriot housing market for more than 20 years. First lesson I learnt is that you NEVER rush to buy, you bite your time and pounce when is right. In September 2020 I sold a 3 bed appartment at 210000, I just wanted a different area. To my utter disgust when I tried to bank the Cyprus bank bank draft with my Cyprus bank, I was told that there would be a half a percent charge, 1000 euros. I was irritated and told the manager to fuck off. I trotted on the the issuing bank, also bank of Cyprus? No questions asked, money was credited and cleared on th3 spot without a charge. Naturally I immediately transferred to my UK bank all of it, somehow, don't know why, I DO NOT trust Cypriot banks.
In the meantime, two months ago my UK based son is bying or trying to buy, a one bdrm app in Paphos. The solicitor has requested evidence of where the money came from, regulation apparently as my son does not have a Cypriot ID.
I have adviced him to hold on but he allready gave a deposit and he could lose it. Ah well, this is Cyprus, if you know what I mean. By the way, the Cypriots hqv3 their own VIAGRA.REALLIA

[repulsewarrior]

...more news on the subject

Those of a more “mature” age will remember the interest from Lebanon (as a result of the civil war there) that saw property prices and rents rocket, followed by the breakup of Yugoslavia, the first wave of Russian instability with many becoming rich overnight when the Soviet Union collapsed, and the invasion of Ukraine.
https://www.financialmirror.com/2022/04 ... al-unrest/

''Property values rise on regional unrest''

[Maximus]

Property sales up 39% in first half of 2022, compared to same period last year.

driven by domestic demand, people turn to property as a safe haven during time of economic uncertainty.

https://cyprus-mail.com/2022/07/11/real ... ic-demand/

[miltiades]

The property crash has started. Loads of unfinished buildings with no sign of any work taking place. Limassol is saturated with unfinished blocks. It will hit the high end market first .

[Maximus]

property, real assets, go up in value during times of economic uncertainty and inflationary environments.

unfinished blocks or is it newly started developments.

[Maximus]

developers generally dont start a development unless it is fully financed so they can complete the project.

[Paphitis]

The property crash has started. Loads of unfinished buildings with no sign of any work taking place. Limassol is saturated with unfinished blocks. It will hit the high end market first .

High end is the most secure as there will always be a demand for high end stuff. The cruch won't hit the top 1% who buy them.