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Cyprus Property News

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We give sharp, insightful comments on issues affecting the Cypriot property market. No nonsense reflection of current events and market trends as well as news on property tax and general legalization changes in Cyprus.

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Cyprus Property News

Want to Buy a Cybarco, Pafilia or Leptos built property? No problem!

Date: 05/06/12

We often hear from our international clients that they want to buy a Cypriote property built by one of the large development companies.

Of course, there is more than one option when it comes to a property purchase. Those who can see past the myth of “buying direct from a developer and saving thousands” can pick up a great value. The real truth is – buy a resale from a private owner and you really will save thousands!

Why are resale properties better? Well, to start with, most of the best plots of land were built on at the start of the developing boom some 10 years ago. On top of this most of these premium locations now come with ready title deeds – something that cannot be said for newer developments.  So it seems that the new builds cannot complete on location or quality of ownership (Title Deeds are the Gold standard). 

One may ask, “Perhaps the price will be better going the “direct” road?” Sadly nothing can be further from the truth. Many of our properties are at rock bottom prices that are below the combined asset value. This means that no developer can build at these prices.

So it’s a simple decision, anything you want – we have got it. Below are three examples of quality properties from Cybarco, Pafilia and Leptos Estates that are a credit to these popular development companies.

Kamares 4 Bedroom Villa Jacaranda  ( Leptos Estates ) 

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