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Property in Cyprus Buyer's Guides

Update on the Cyprus Property Market

Report filed under: Buying Property Abroad Guides » Property in Cyprus Buyer's Guides

Tue, March 24, 2009 - 8:19 am EET

Update on the Cyprus Property MarketNapoleon Hill, the author of ‘Think and Grow Rich’ was once quoted as saying “opportunity often comes disguised in the form of misfortune, or temporary defeat”.  The property market in Cyprus would seem to reflect these words!

Between 2003 – 2007 property prices in Cyprus increased an impressive 65% according to data from the Central Bank of Cyprus, but 2008 saw falls of up to 25% on some properties.  There was also a drop of 27.9% on the number of sales completed between January to November 2008 compared to the same period in 2007, and a 60.5% decline in November 2008 alone. 

A 2008 survey of 20 Cypriot developers carried out by StockWatch shows that 16 of the 20 are expecting further property price falls in 2009, and a number reported no sales at all in 2008!  So does this mean that it is all doom and gloom for Brits who are in the Cyprus property market or who are considering buying a home in Cyprus?  In this update on the Cyprus property market we concentrate mainly on the figures and statistics from the south of the island…

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Why Property in Cyprus will Avoid the Credit Crunch

Report filed under: Buying Property Abroad Guides » Property in Cyprus Buyer's Guides

Mon, June 16, 2008 - 11:00 am EET

Why Property in Cyprus will Avoid the Credit CrunchThere are fundamental problems negatively affecting the property market in Cyprus at the moment, but there are also elementary reasons why property in Cyprus will avoid the worst of the credit crunch situation and result in the Cypriot real estate landscape remaining fairly robust in our opinion.

If you’re looking for a high returning overseas investment asset, a property in Cyprus may not be your best buy at the moment, but if you’re looking for a home overseas in a location that allows you to really manage your finances in retirement and enjoy a great standard of living for less - a Cyprus property might just be the best thing you could invest in!

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Cheap Properties in North Cyprus

Report filed under: Buying Property Abroad Guides » Property in Cyprus Buyer's Guides

Sat, May 24, 2008 - 9:01 am EET

Cheap Properties in North CyprusIf you’re looking for property for sale in Northern Cyprus, chances are you’ve noticed that there is quite a discrepancy between prices between areas and between property types - this can cause confusion.  It can be hard to know whether one developer’s properties are better than another, or whether one is just chancing his arm and charging more!

In this article we’ll discuss how you can bag yourself a property bargain in Cyprus by applying our top tips for finding cheap properties in North Cyprus – we’ll show you how to spot a genuine deal and how to negotiate so that you get the very most out of your purchase of real estate on the island.

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Update on the Property Market in Cyprus

Report filed under: Buying Property Abroad Guides » Property in Cyprus Buyer's Guides

Sun, May 11, 2008 - 10:19 am EET

Update on the Property Market in CyprusThings are a-changin’ in Cyprus at the moment – in case you hadn’t noticed!  There’s a new president in the Republic of Cyprus, a new border crossing on Ledra Street and a new commitment to finding some form of workable solution to the stalemate between the two sides of the island. 

What’s more, the Republic of Cyprus is being ‘encouraged’ to bring all laws in line with EU internal directives and it has successfully adopted the euro as its national currency.  All of these aspects of change have had an impact on real estate in Cyprus and so we thought we’d bring you a timely update on the property market in Cyprus…

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Euro’s Surge Boosts Price Gulf Between Property Prices in North and South Cyprus by 16%

Report filed under: Buying Property Abroad Guides » Property in Cyprus Buyer's Guides

Thu, April 24, 2008 - 11:47 am EET

Euro's Surge Boosts Huge Price Gulf Between Property Prices in North and South Cyprus by Another 16%Even before January when southern Cyprus joined the Euro it was far cheaper to buy property in North Cyprus.  Naturally this has to do with the fact the south has better infrastructure and is more easily accessible – but as anyone who has visited the North knows, you actually get far more for your money than just cash savings when you buy real estate in Northern Cyprus…

You get the best beaches, the more open landscape, more land with your villa, more square meters of property – and here’s a bonus – the euro’s recent surge has boosted the huge price gulf between property prices in North and South Cyprus by another 16% because property in North Cyprus is priced in pounds sterling, whereas property in Southern Cyprus is priced in the expensive euro.

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Further Articles

Why Buy ‘Risky’ Property in North Cyprus

If you’re wondering why anyone would be ‘mad’ enough to buy North Cyprus property, discover the reasons for their purchases…

North Cyprus: Poised to be Europe’s Number 1 Property Market?

Forbes magazine placed Cyprus as the second most affluent market in Europe, but could North Cyprus become number 1 in 2008?…

Good News for Cyprus Property Markets

The imminent resolution of talks for the reunification of Cyprus and the proposed opening of Ledra Street are in the news…

Window of Opportunity to Buy Property in Northern Cyprus

Property in North Cyprus will be boosted in price and popularity by election of new president in South Cyprus…

5 Top Tips for Finding Property in North Cyprus

How to safely and effectively invest in property in North Cyprus for long term profit potential…

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