Cyprus-Forum.com

[Paphitis]

Very plausible… but I don’t know how any further Russians will get here.

Unless the RoC starts issuing a kind of “golden” passport again with every property purchase, I can’t imagine Russians risking harassments with only a Russian passport.

The EU is acting like a total jerk targeting individuals in contravention of basic HRs while pointing the finger at others!

We’ve become total hypocritical Zionist trash on the planet with no self respect and no moral values whatsoever, and I fear that it’s not just the Russians that will abandon Europe. As of late every year is worse than the previous, in the EU.

This place is gonna get very ugly… if I were a wealthy Russian I’d go to Brazil or Argentina maybe instead.

No other option but to hit Russia with sanctions and bring their economy down to its knees.

[Pyrpolizer]

Lordo, you omitted the ...blonde with big knockers
Right now im counting my ....pennies to see if I shall have enough to get me an appartment in the autumn.
I have in mind a 3 bed appartment near by, the last I checked the price asked was 750,000.I offered 500, 000 they threw me out, I expect a call any time now

So much for an apartment ??
You can easily build a brand new house with that money, energy compliance A with PVs etc
https://www.bazaraki.com/

[Pyrpolizer]

And no the prices generally won't go down, only the prices of those super luxurious buildings.

[Paphitis]

And no the prices generally won't go down, only the prices of those super luxurious buildings.

From experience, the upper end is the one that never goes down.

Why? Because the 1% who have the money to afford these properties will still have the money to buy them.

Whereas the middle and lower classes, in an economic crash will have no money to buy a house.

Therefore, it's your property that will crash.

Properties that are over the million buck mark will continue to be in demand.

how does that make you feel?

The high end property market has always done well even when the average median price is under pressure.

But that's in the real world - like in America and Australia etc.

Oh wait, it's foreigners that buy the high end stuffin Cyprus too. You just won't have any Russian criminals anymore. And good riddance!

[miltiades]

D3velooers of the so called luxury appartments are aiming for local purchasers but mostly for foreigners, Russians mostly and Chinese. The Limassol market is saturated with such developments and these will be hard th3 hardest hit.
In one such development on the Limassol sea front I have been told that there will be a ....luxury Cafe, an espresso coffee at 10 FUCKING Euros Im certain that a few months down the road high end prices will tumble. Rent prices for " luxury appartments" have reached the levels of Monte Carlo, Cyprus is a Paradise Island but isnt M.C.

[Paphitis]

D3velooers of the so called luxury appartments are aiming for local purchasers but mostly for foreigners, Russians mostly and Chinese. The Limassol market is saturated with such developments and these will be hard th3 hardest hit.
In one such development on the Limassol sea front I have been told that there will be a ....luxury Cafe, an espresso coffee at 10 FUCKING Euros Im certain that a few months down the road high end prices will tumble. Rent prices for " luxury appartments" have reached the levels of Monte Carlo, Cyprus is a Paradise Island but isnt M.C.

Obviously you aim for liocaks as well. But the reality is this. The market is probably 95% foreign.

No developer will refuse selling to a local. That isn’t good business. You will sell to anyone who comes along obviously.

A smart developer though knows their market and where to advertise their apartments.

[miltiades]

Mate, I have been in the Cypriot housing market for over 20 years. In 1999 I bought my first 3bd appartment , a stone's throw from the sea, for Cy£ 25000, around 40, 000 euros. A year later I bought my second one also 3bdr but a lot bigger for cy£40000. In 2002 I bought another, a brand new block for CY £50000. I have seen prices steadily rising but not at the pace of today's levels. Now all developers with few exceptions are aiming at the foreign purchasers with lots of dosh. Paphos is a lot cheaper than Limassol. My son is about to complete a purchase of a one bdr appartment for a mere €96000. His solicitor requested evidence of where the money came from for " money laundering" purposes. High end prices wilp collapse, the locals do not have the kind of dosh asked for.

[Get Real!]

Mate, I have been in the Cypriot housing market for over 20 years. In 1999 I bought my first 3bd appartment , a stone's throw from the sea, for Cy£ 25000, around 40, 000 euros. A year later I bought my second one also 3bdr but a lot bigger for cy£40000. In 2002 I bought another, a brand new block for CY £50000. I have seen prices steadily rising but not at the pace of today's levels. Now all developers with few exceptions are aiming at the foreign purchasers with lots of dosh. Paphos is a lot cheaper than Limassol. My son is about to complete a purchase of a one bdr appartment for a mere €96000. His solicitor requested evidence of where the money came from for " money laundering" purposes. High end prices wilp collapse, the locals do not have the kind of dosh asked for.

Our Russian ambassador warned us yesterday to forget coming Russians because we have sent them away and that they would most likely go to Turkey and elsewhere.

However, the lost Russians may be replaced by gained Ukrainians but it won’t happen overnight. It may take 3-4 summers before the word gets around in the Ukraine.

[Paphitis]

Mate, I have been in the Cypriot housing market for over 20 years. In 1999 I bought my first 3bd appartment , a stone's throw from the sea, for Cy£ 25000, around 40, 000 euros. A year later I bought my second one also 3bdr but a lot bigger for cy£40000. In 2002 I bought another, a brand new block for CY £50000. I have seen prices steadily rising but not at the pace of today's levels. Now all developers with few exceptions are aiming at the foreign purchasers with lots of dosh. Paphos is a lot cheaper than Limassol. My son is about to complete a purchase of a one bdr appartment for a mere €96000. His solicitor requested evidence of where the money came from for " money laundering" purposes. High end prices wilp collapse, the locals do not have the kind of dosh asked for.

Mate, in Australia and NYC, you spend twice more than that on your car.

The property market here has a median house price in excess of 900,000 euros and that is for a dilapidated crumbling shit hold that needs another 500k in renovations.

If anyone asked where the mo SY came from such as a lawyer, you would get clobbered and told to piss off.

Friggin hell. Imagine the audacity of a solicitor asking where you got the money from. How about telling him to F off?

[Paphitis]

Mate, I have been in the Cypriot housing market for over 20 years. In 1999 I bought my first 3bd appartment , a stone's throw from the sea, for Cy£ 25000, around 40, 000 euros. A year later I bought my second one also 3bdr but a lot bigger for cy£40000. In 2002 I bought another, a brand new block for CY £50000. I have seen prices steadily rising but not at the pace of today's levels. Now all developers with few exceptions are aiming at the foreign purchasers with lots of dosh. Paphos is a lot cheaper than Limassol. My son is about to complete a purchase of a one bdr appartment for a mere €96000. His solicitor requested evidence of where the money came from for " money laundering" purposes. High end prices wilp collapse, the locals do not have the kind of dosh asked for.

Our Russian ambassador warned us yesterday to forget coming Russians because we have sent them away and that they would most likely go to Turkey and elsewhere.

However, the lost Russians may be replaced by gained Ukrainians but it won’t happen overnight. It may take 3-4 summers before the word gets around in the Ukraine.

Problem is that Russians probably won’t be travelling a lot anywhere for some time. Their currency has become totally worthless and this isn’t conducive to travel.

I don’t think Ukrainians will be in a position to travel neither for quite sometime. But yeh, maybe in a couple of years, Ukrainians may well be very grateful to Cyprus and start going there in large numbers.