Property in Cyprus Buyer's Guides

Napoleon 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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There 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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If 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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