Despite a fluctuating performance Sterling v Euro, the property market is slowing but not dead!
The Resale market is much more bouyant than new and off plan sales. Potential purchasers have lots of choice in terms of location and property type. Both investment properties and permanent residence properties are sought after.
For those experiencing difficulties with the exchange rate but yet wanting to live in Cyprus, Cyprus Resales Direct have lauched their rental division - Cyprus Rentals Direct - where the purchaser is given the option of 'try before you buy'. They are able to rent a property of their choice before buying it. It is a win win situation, as the owner recieves an income and the prospective purchaser doesn't loose a significant amount of money through poor exchange rates.
Cyprus Resales Direct and Cyprus Rentals Direct.