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Originally Posted by pauldmaynard
Thank you for your replies. The positive sides do seem to outweigh the negatives, but I still don't get the whole picture. Any more comments? Also what is the resale value of properties? Is the trend up or down? What about the weather? Is it bearable or does it get too much? On the whole, what are the reasons for moving to Cyprus? What about the tax situation? I look forward to more info if you can, many thanks
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The resale value of properties is certainly not going up at the moment. Like everywhere the property market has been hit by the current recession so please do not let developers or unscrupulous agents sell you a property on the guarantee of making a profit in a year or two.
If you are simply looking to buy for somnething to live in and not for profit then it dosnt really matter which way the trend is going but there are still far too many people buying thinking they can flip for a profit.
There are some bargains to be had in the resale market if you are lucky enough to find someone who is desparate to return to the UK for one reason or another.
The weather gets very hot in July and August but there are ways iof avoiding the heat of the day.
Taxes are much lower and you can earn up to 19.000 euros or thereabouts before paying any taxes.