I get phone calls and emails on regular basis from clients whose property I am listing to sell. They ask me if I think reducing the price of their home would help sell it faster. Of course the answer is yes, the lower the price, the more people that can afford it. I have had tremendous price decreases in the last month and if you are looking to purchase resale property this is a good time to find the...
The Cyprus news media just published the median house price figures for November 2007. The source of this information comes from one of the larger marketing companies that operate as an estate agency but are not a licensed estate agency. This company arrives at data from the houses they sold during this same period. There are numerous marketing agencies, developers and estate agents all selling homes so I...
There is one clear message that I am getting from all my new and informed clients - it's a buyers market in Cyprus! Many of my clients have recently experienced being the buyer in a sellers market thus paying premium prices for their property. The people who want or need to sell these homes within a year or two of purchasing are the hardest hit. They have purchased at the height of the...
by Cleo Shahateet