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Cyprus Property Blog by Cleo

Buying Property in Cyprus is a great investment choice and we discuss various aspects.

No Better Time to Find Cyprus Properties For Sale

If you are waiting for the right time to buy and expecting prices to plunge even further you should be wary about waiting too long. There are opportunities not to be missed.  In my opinion there is no better time to buy property in Cyprus than now! You should at least begin the search!

There are a number of factors that support my opinion that you should consider buying very soon.  The first reason is that as the housing market weakens the number of new properties being built is reduced drastically and the available supply of homes decrease. Many builders around the islands have laid off many workers in anticipation of the slow down that has already began.

Property owners and especially those of resale properties in Cyprus have been in a losing battle competing with developers for buyers. Developers have held the advantage as they often sought potential buyers overseas through exhibitions where commitments are guaranteed before the buyer even travels to Cyprus. When the developer finally brings the buyers here, they don't let them out of their sight until the deal is done. Many of the agencies representing the individual sellers actually work for the developers as they often get up to 10 % commission when they bring their clients to them. As the builders and developers close more and more shops and lay off more people their ability to drown out the individual sellers becomes harder to accomplish. Thus, a buyer can actually find these properties.

The strength of the Euro makes many sellers accept offers that they never would have in the past. In addition, the length of time most resale properties have been on the market makes it an ideal time for negotiating a great deal. 

Kato Paphos property information

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Cyprus Property is Hot! Now more than ever. There are over 20 million northern Europeans (European baby boomers) that have retired in the last few years which is a great number and many will be British. Many have been waiting for the financial crisis to past before they make the move to Cyprus. With warm weather, low crime rate, low cost of living in Cyprus and English speaking population, do you think Cyprus will have enough properties for every one?