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Cyprus Property imminent Crash

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Re: Cyprus Property imminent Crash

Postby Get Real! » Sun Mar 06, 2022 6:54 pm

Oceanside50 wrote:I don’t understand Cypriots… they are willing to spend 700,000 euros to sit in front of the sea.surrounded by Brits and Russians.. . if they go up to Pitsilia they can buy for a fraction of that and be at the beach in 20 minutes… I drive 3.5 hrs to the beach to see the Atlantic and sometimes longer if there’s traffic.. In Pitsillia you’ll be surrounded by Cypriot culture and The finest Cypriots, Pitsilous…. Great people… !!!

I had pitsillous at my army filakio on two different occasions, so I know them quite well.

Mezes, boto and lots of singing!

This is what happened one night when we had the crazy pitsillos guarding the outpost…

Pitsillos: “Altisin!”

Lohagos: “Na fais tin misin!”

Pitsillos: “A kyrie lohage eisai adikos!”

Lohagos: “Giati baidi mou?”

Pitsillos: “Tin allin missin bios enna din fai?”
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Re: Cyprus Property imminent Crash

Postby miltiades » Tue Mar 29, 2022 7:29 am

About a year or so ago I enquired about a 3 bed newly build appartment. I was quoted 750,000 euros. I offered 500,000 and was almost thrown out. Yestetday I had a call asking if Im still interested, the price has now come down to 725, 000.
Cypriot developers are in for a rude awakening. Prices far exceed those of some European cities. An agent advertises a 3 bed "luxury" appartment for rent at a mere 30,000 euros per month, almost 1000 euros per day !!!
Have they not realized that Cyprus love affair with Russian multi millionaires its now well and truly over. I can see banks repossesing many of these so called luxury developments.
Such developments priced at Monte Carlo levels are not aimed at Cypriots or even singular millionaires, they are aimed at billionaires. Good luck to those who borrowed as much as they could to build " luxurious" hugely overpriced houses and appartments.
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Re: Cyprus Property imminent Crash

Postby Londonrake » Tue Mar 29, 2022 9:07 am

A bit of property related news that surfaced recently:

https://www.parikiaki.com/2022/03/compa ... to-cyprus/

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Re: Cyprus Property imminent Crash

Postby Lordo » Tue Mar 29, 2022 9:10 am

miltiades wrote:About a year or so ago I enquired about a 3 bed newly build appartment. I was quoted 750,000 euros. I offered 500,000 and was almost thrown out. Yestetday I had a call asking if Im still interested, the price has now come down to 725, 000.
Cypriot developers are in for a rude awakening. Prices far exceed those of some European cities. An agent advertises a 3 bed "luxury" appartment for rent at a mere 30,000 euros per month, almost 1000 euros per day !!!
Have they not realized that Cyprus love affair with Russian multi millionaires its now well and truly over. I can see banks repossesing many of these so called luxury developments.
Such developments priced at Monte Carlo levels are not aimed at Cypriots or even singular millionaires, they are aimed at billionaires. Good luck to those who borrowed as much as they could to build " luxurious" hugely overpriced houses and appartments.

It is not those who built them that will suffer, it is those who paid for them. The price of the build is not anywhere near what they were selling for.

May I suggest a 3 bedroom flat in Gonyeli for under 100k and on original TC land too.
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Re: Cyprus Property imminent Crash

Postby miltiades » Tue Mar 29, 2022 10:29 am

Will consider it but first I must find out if they serve Halal Pork kebabs, I'm just so fond of them. :lol:
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Re: Cyprus Property imminent Crash

Postby Lordo » Tue Mar 29, 2022 11:38 am

miltiades wrote:Will consider it but first I must find out if they serve Halal Pork kebabs, I'm just so fond of them. :lol:

You are in luck my friend. Next street has one such shop which include on the menu halal pork kebab and kelfdigo too. We only serve halal. Bogazingda galsin be ihtiyar.
I should have said I just bought one cash, 50k. I comes with free supply of pork kebabs for 12 months.
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Re: Cyprus Property imminent Crash

Postby miltiades » Tue Mar 29, 2022 12:41 pm

Lordo wrote:
miltiades wrote:Will consider it but first I must find out if they serve Halal Pork kebabs, I'm just so fond of them. :lol:

You are in luck my friend. Next street has one such shop which include on the menu halal pork kebab and kelfdigo too. We only serve halal. Bogazingda galsin be ihtiyar.
I should have said I just bought one cash, 50k. I comes with free supply of pork kebabs for 12 months.

Sounds good :lol: May just consider it since Cyprus property prices are higher than those of Monte Carlo. :lol: You are no longer rich if you only have a couple of ....million, you need at least 10 :lol:
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Re: Cyprus Property imminent Crash

Postby Lordo » Tue Mar 29, 2022 2:33 pm

miltiades wrote:
Lordo wrote:
miltiades wrote:Will consider it but first I must find out if they serve Halal Pork kebabs, I'm just so fond of them. :lol:

You are in luck my friend. Next street has one such shop which include on the menu halal pork kebab and kelfdigo too. We only serve halal. Bogazingda galsin be ihtiyar.
I should have said I just bought one cash, 50k. I comes with free supply of pork kebabs for 12 months.

Sounds good :lol: May just consider it since Cyprus property prices are higher than those of Monte Carlo. :lol: You are no longer rich if you only have a couple of ....million, you need at least 10 :lol:

No you don't. You need enough to last you till exit. I can do that with 1 million. Make it work so you do not take out of it and you will be fine.
You can only eat one kosher pork kebab a day and drink on glass of wine or two but no more.
You will last a long time.
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Re: Cyprus Property imminent Crash

Postby Get Real! » Tue Mar 29, 2022 8:06 pm

:roll: Truth be told, the Cyprus property market should be the least of your worries when you’re a brainless old geezer with one foot in the grave and your dried up pea parked somewhere on the kitchen floor… :)
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Re: Cyprus Property imminent Crash

Postby Lordo » Tue Mar 29, 2022 11:03 pm

You can't be angry with Steptoe surely.

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