Thread: Cyprus Bailout
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Old 1st July 2012, 09:51 AM
virgil virgil is offline
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Quote:
Originally Posted by kempo23 View Post
But sellers are still looking for too much. Unless they lower their asking prices they will never sell. I have just returned from Cyprus after looking around for a property (I am a cash buyer), I was shocked to see the blinkered view people have on the property situation. Too many people are 'dreaming' about the gas find as though it is some sort of saviour. Listen to the experts, they say if it does happen (still an 'if') it will take at least 7 years before any benefit is seen.
But did you actually make any offers on property Kempo? an 'asking' price is just a guide usually.

I was 'asking' £325k for a property 12 months ago, but soon reduced it to £295k when I wasn't getting much interest

We all live in hope (and die in dispair)
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