British Republic

The financial crisis could not bring to market resale property in Cyprus tangible changes. For English poddanyh living on this island, the crisis year pripodnes not very pleasant circumstances. Cyprus become quite expensive for some British pound by reducing the sharp rise in price and exchange rate of a united Europe at the beginning of the global crisis. Someone decided to sell your property, for the reason that it is unable have been her, someone sold the property of the benefits of the prevailing exchange rates. Many British owners wanted to take advantage of the resulting situation on the market and sell your property faster, while still pound stayed at historically low values of Euro-currency, and therefore went to considerable concessions. Do buyers from England to such an extent important for the Cyprus property market? In Cyprus, a large population of British Republic of Cyprus – is a traditional and popular resort island, and not the first time most of the non-local buyers of houses and apartments were just buyers from England. The construction industry of Cyprus and the real estate market aimed at Europeans, and the proportion of visitors from the UK is quite high in the general population of the island of Cyprus. Paphos and its region felt the effects of the crisis stronger than the other regions just because in this city a lot Englishmen, and they were very sensitive to the problems in its economy.

British economy felt the problem right at the start of the crisis. To sell your home in Cyprus, had many of the British. Cyprus felt so way the problems in the UK economy, but has experienced this situation with the Olympic calm. During the global financial crisis, their homes were forced to sell in the first place, those owners who have experienced financial problems: it took an additional infusion of their own business, it was necessary to pay off the loan and so on. House in Paphos at the price of apartments in Limassol – a cost not to attract the attention of our investors. With the advent of the crisis marked by the growing interest of Russian buyers in the secondary market of Paphos and Larnaca. Resale is sold with the title, which is very convenient and allows you to avoid neobyazyatelnyh concerns. And luxury home valued at one to two million euros, sometimes sold on the secondary market Cyprus property at a discount of 20%.

British owners put up for sale are cozy, attractive and well maintained home with good garden. English – known sadovadstva lovers. Landscaped garden becomes the best decoration of houses and gives the house a special atmosphere of country living. In that case, if the new owner wants to take home or just enter it, the house is ready for this, the house has furniture and appliances of high quality. Secondary market after the financial crisis is interesting not only because of discounts for cheap real estate in Cyprus, but also reduce the price of exclusive villas: the size of a real estate rebates is impressive. On the sinking real estate market in the pathos and the surrounding area and local buy in complete confidence to re-sell it later when prices will again increase.