Cyprus Property Forum for Buyers, Sellers & Investors

I appreciate the back and forth between between Pan and VCY. Two very different interpretations of the market. I'm inclined to believe the less optimistic one. Especially after seeing the same villas on the market for 1+ year, high percent of NPL, tenant law, 3 year anniversaries, deed issues...

I ...

My main concern with a single 2m+ villa

1. As VCY pointed out, the glut of properties that will hit the market when CIP celebrates 3rd anniversary will depress prices.

2. Risk of depressed luxury rental market due to above.

3. Risk of overpaying 2m for a large villa that is objectively worth 1.7m ...

Thanks VCY.

I'd love to learn from others who have sucessfully completed the CIP, but I expect most prefer privacy about their status.

I appreciate your tip about smaller Limassol residences. For practical reasons, it would be difficult to coordinate many individual purchases. Would a single ...

Thanks Nigel!

Yes, I am the '1.' you describe. It seems so easy for a newcomer to fall prey (overpay, no deeds, etc).

Any best practices to find trustworthy attorney and/or agent?

Thanks again,
Alex

Thanks Nigel and Pantheman!

Yes, by CIP I meant Citizenship Investment Program. This forum looks like a place where people are discussing the real situation on the ground rather than promoting glossy brochures... As someone new to the island, I'd be very grateful for honest guidance for best ...

Greetings!

This forum is a breath of fresh air! I'm hoping to find honest estate agent and attorney to help with CIP investment. It's a lot of money for me, so am hoping for some comfort that at least I'm working with honest and competent folk. Thanks in advance! Alex

Hello All,

My first post. I'm hoping to get unbiased ideas about how to spend the 2m required for CIP. Honestly, I may not spend much time in Cyprus. I'm agnostic on what to buy, but prefer liquidity and not to overpay. For example, would a 10-15 unit building renting for 70k per annum be more ...