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26.08.2010
Property in Cyprus attracts Russian and discourages Britons
Property in Cyprus attracts Russian and discourages Britons

 

 

The global financial crisis draws on the secondary market for Cyprus property buyers.

On the island of Cyprus there are many Britons, many of which existed well before the crisis to his retirement. The dramatic change of course to the pound to European currencies has led to the fact that life, much less buy property Cyprus became the British after the crisis is too wasteful.

This situation led to a significant number of British people need to leave home and set the properties for sale is relatively cheap. Curiously, for the British formed in 2009, the situation with the course of the pound was quite unusual: in the British currency all properties on the island of Aphrodite and the entire euro zone has risen considerably, to acquire now, it has become unprofitable, but to sell - even very profitable.

Sale of "English" estate secondary houses and apartments in the region of Paphos and Larnaca inexorably put developers in a difficult position.

What this situation meant for the inhabitants of the eastern part of Europe? Many Russian investors paid attention to Paphos and Larnaca and their secondary property. Since most of the houses on the secondary real estate market has been around for 5-8 years, then sold the houses to the title.

To marketplaces and urgent sale, in which the size of the concessions can be up to thirty percent compared with the price of similar new object. Special attention, of course, deserve luxury villas, price concessions which in the case of an urgent sale can make the cost of a two-story "English" at home.

Cypriots themselves are a very positive look at the next few years and buying up cheap real estate, to sell it much more expensive it after some time.

По материалам www.ifo.su

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