Build costs
Posted: 18 Jan 2012 01:22
Hello everyone,
I'm a new contributor to this forum but have been reading posts for some time.
Typically, what do you think are the m2 costs of building in Cyprus today and what are they forecast to be over the next 12/24 months? Let's assume a 'standard' type of detached villa on a level plot in the Paphos area.This is not meant to be a trick question but I hear that despite the apparent collapse in new and resale property on the island, build costs have not fallen very much in comparison. Notwithstanding high Asian/South American demand for resources, European resource demands and labour costs are much lower.
Terry
I'm a new contributor to this forum but have been reading posts for some time.
Typically, what do you think are the m2 costs of building in Cyprus today and what are they forecast to be over the next 12/24 months? Let's assume a 'standard' type of detached villa on a level plot in the Paphos area.This is not meant to be a trick question but I hear that despite the apparent collapse in new and resale property on the island, build costs have not fallen very much in comparison. Notwithstanding high Asian/South American demand for resources, European resource demands and labour costs are much lower.
Terry