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Cyprus Eastern Forum Index » Coffee Shop Chat » buying a property in cyprus on hope of sale of uk property
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buying a property in cyprus on hope of sale of uk property 
Post: #1   PostPosted: Sat Jul 05, 2008 8:36 pm Reply with quote
greeny
Joined: 28 Jul 2005
Posts: 952
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Location: leysdown on sea kent

 
Hello just been thinking of many people who need make next payment on new build but have not sold uk property how many have lost out on buying in cyprus:? Jane

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Post: #2   PostPosted: Sun Jul 06, 2008 6:48 am Reply with quote
Tina Torment
Joined: 30 Aug 2005
Posts: 3546
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Personally, I think this is way to risky and too much of a gamble. Having previously worked in the estate agency business for a few years, I know only too well what can happen and how fragile sales can be.

Best thing to do is to sell the property and rent whilst the money is in the bank earning interest. When the cash is in the bank, it's amazing what doors open and how confident you will feel at haggling & getting a good deal on your intended purchase.
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Post: #3   PostPosted: Sun Jul 06, 2008 12:32 pm Reply with quote
alanmorton99
Joined: 26 Jan 2008
Posts: 1598
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Location: Avgorou

 
That's what we plan to do next year, Tina. Our house will go on sale in the spring and we'll move over once it's been sold. Then we'll rent for as long as it takes to find something suitable in our price range. As you say, it's amazing what bargains you can get when you've got cash in the bank. I'll feel sorry for anybody whose lost out because of the credit crunch, but it won't stop me asking for, and hopefully getting, a good bargain.

Alan
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Post: #4   PostPosted: Mon Jul 07, 2008 10:25 am Reply with quote
brian16
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Joined: 14 Mar 2008
Posts: 1425
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Location: pyla

 
I wish you luck selling your house Alan, unfortunately, now is not the time, perhaps things will be better next year.
Your problem is that house prices continue to go up in Cyprus despite the fact there are thousands of them all over the island lying empty, a phenomenon I've never quite been able to figure out..........there's a massive supply and no demand so you'd expect the prices to go down, not up!
One thing's certain and that is you will have plenty of choice.
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buying a property in cyprus on hope of sale of uk property 
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