Hi all, I have been checking out costs of property and keep finding amazing deals in the Paralimni area. Am I right in thinking this is in the southern half? I knowit's close to the dividing border but does that make such a difference? Why are the properties so amazingly cheap?? Does anyone know something I don't about this part of Cyprus?



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Hi, sorry about the link I wasn't trying to promote anything I have no affiliation to the site, was just trying to get a point across sorry

Hi tracy1 , my father built a house there a few years ago and he goes there every year for a month or so and as i know it prices are starting to rise there too when one location starts to be expensive prospective buyers start looking else where so it may be cheap now but who's to say 10yrs from now it will still be cheap ! As for something you dont know and everybody else does i can tell you there isnt anything you should be worried about its all about location location !!! Paralimni is starting to grow around my fathers land they are starting to build more and more so dont worry the turks are not going to invade they already made that mistake years ago :curse:

Hi Tracey.

I spent last summer in Ayia Napa about 5k from Paralimni. It is just shy of the border by about another 5k or so. the first thing i noticed was the good array of shops there, we always did our shopping in paralimni, being cheaper than Napa. Thats about all i did there but didnt realise to be honest that there was much else there. Sounds like a good plan, i would strongly consider living there also as I am moving to Cyprus next month, but I am heading to Larnaca or Limmasol for the time being. Hope this helps.

Tim

HHmm methinks the Turks should give back Famagusta at least, what a terrible shame, a local told me it has a 7k beach that is to die for..Makes me mad!!

Tim

Well Tim all this is still up for negotiation you only have to hope that those crafty politicians dont swindle the locals with some dodgy agreement .

Hiya thanks for all your replies, I haven't checked the site for a while and was surprised as I thought this thread had slid into oblivion!!
I have rechecked and prices have skyrocketed since the summer in Paralimni, a 3 bed villa was around 100k and is now around 250k!! Another boat I've missed, story of my life!!!!!!

Well trace are you still going to buy ? Or is it now beyond your budget ! Still cheap

Anyone fancy a good guess on renting in Paramimni? How much etc? 1 bed flat or similar, and do they take deposit as well, like 2 months rent upfront?

Still unsure on where to live once i land in late Feb...

Answers on a postcard, no pun intended..

Hi Sherpa, to be mortgage free it would be a bit beyond my budget. Especially with British houses losing value every day and the pounding (no pun intended!!) sterling has taken recently.

I would probably come out and rent for a while until I was established and confident enough to put down a large deposit and take a small mortgage, but my OH and son don't want to know. OH thinks France is a better bet and son doesn't want to move abroad at all. I think at 17 he should be chomping at the bit to get to somewhere like Cyprus but obviously not. France seems nice enough but sooooooooo quiet. Not sure I'm ready for that yet!!

I wish my father was confident enough to rent his place its a shame to see a 3 bed house sitting 11months of the year empty

You should look at it as an investment and oneday you can either retire there or sell with profit

If I could afford two mortgages I would do it like a shot but, forgive me cos I can't remember whether you are in the UK or Cyprus, most people here are keeping their heads down and grateful for the jobs they have and being able to pay the commitments they have here. Me included.

Maybe one day......

Actually trace im in melbourne havent been to see the paralimni property yet havent had the time but im hoping to get out of Aust soon and should have time to get too cyprus to have a look my dad wants me to live there longterm but im not so sure thats what i want but you never know i may fall in love with the place .
Talking to my brother in london a few days ago and asked about the surge in property prices in the the town and yes he comfirmed the prices had risen but builders fee's also have risen so even if you had the land your still got to fork out for higher building costs so i guess its a supply and demand situation now but the town is growing so longterm should be a good investment

My old man has a villa in Kapparis up the road from Paralimni.

nice little spot and yes, very much in the south.