Real Estate

Why do sellers in Cyprus lower their prices and not tell all agents simultaneously? The question of why sellers price their homes way over what they are willing to accept seems obvious and I won't go into that now!  As an agent in Paphos, who charges a very low and competitive rate, I would assume that my sellers would want to ensure that their home is listed with me at the same price as all other...

Great Location Near Motor Way 105 sq. m., 3 baths, 3 bdrm 2 story "Townhouse" - €205,000 EUR - 3 Bed Townhouse/Universal Kato Paphos, Paphos  -  This spacious semi-detached townhouse comes fully furnished, fully air-conditioned the ground floor featuring an open plan living and dining room that leads out to the patio through double sliding glass doors. Outside you will enjoy the garden area and...

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...

Price Reduced on Anarita, Paphos Anarita, Paphos  -  Announcing a price reduction on Anarita, a 170 sq. m. living space and 2,760 sq. m. plot, swimming pool 2 baths, 3 bdrm single story "Villa with circular driveway and garden". Now CY£285,000 - EURO 488,250. Property information Published Tuesday, November 13, 2007, 9:41 PM by Cleo Shahateet Filed under: Real Estate, For Sale,...

I want to write about Open Houses, an old method often used in the USA to sell homes.  To my knowledge, open houses are not currently or ever been used in Cyprus or in the UK (tell me if I’ am wrong). An Open House is exactly what it says, we open a house and invite anyone to come and view the home during a designated time period usually on the weekend when families are together and are likely to go...

Come live in Mandria and enjoy life 188 sq. m., 3 baths, 3 bdrm 2 story "SPACIOUS OPEN PLAN" - SOLD Mandria, Paphos  -  Mandria is the perfect little village on the outskirts of Paphos. Five minutes to the airport and 20 minutes out of Paphos town, Mandria allows for a lifestyle in a place where everything goes a bit little slower. You can go and sit at one of the two local tavernas' in the center of...

Peyia, Paphos  -  SOLD -Announcing a sold property in Peyia, Paphos, a 240 sq. m., 4 bath, 4 bdrm 2 story "Wonderfull Very Charming and Special Luxury Villa". Now SOLD- Fantastic offer. Peyia property information Published Sunday, August 26, 2007 11:57 AM by Cleo...

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...

THIS PROPERTY IS NOT AVAILABLE Remodeled 2 bath, 2 bdrm 2 story - CY£115 CYP Monthly - 200-year-old Neo Chorion, Polis Chrysochous  -  This is a 200-year-old stone-built cottage, carefully renovated to a very high standard, retaining many of its original features including, in part, the original stone wall and wooden beams. The ground floor features a large, open plan living/dining room...