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Old 27th June 2009, 01:00 PM
Cleo Shahateet Cleo Shahateet is offline
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Originally from usa. Expat in cyprus.
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Hi Paul,
I agree with Veronica and Kimonas on all points. My experience in business is that generally I can get by without knowing Greek but I do get at least one phone call a week where I need my wife to speak and translate as it is easier for the customer to speak Greek. They could get by in English for the most part but I try to make it as easy as possible for a customer and important for them to be fully understood obvioulsy. Day to day though it is fine.
As for the heat, it is pretty unbearable in the summer for some (I like it). My wife doens't and she won't take the kids to the beach until at least 4:30 or later and then she also leaves the country for a few weeks for a break from it.
And for resales, like Veronica said you won't make a huge profit and double your money like some did in the past but if you intend it for a home not an investement it is fine. An average appreciation on a property in a normal market is about 5% and that is good. If you get a deal and you can now if you look then, you can still acheive the 5% in my opinion. However, no one really knows for sure - that is just my opinion and hope is just gives you some more insight to making an informed decision ;-)
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