Housing Market at the moment

[Pretty Flower]

My husband and I have been planning our move for years! I think 4 years altogether!

We are coming over this year as we do every year but this is the year we hope to find a resale or look at new builds. We would ideally like a home in Kathikas as we love the village or nearby.

I would love to hear from anyone that has gone through this process and what the market is really like at the moment. My parents moved over in February 2009 when they retired and that was a shock to us as they were always going to Newquay but they got such a good deal last year on a new build they couldnt let it pass!!

So at least we will have family out there as we would of been out there alone.

Any information would be appreciated.

Names of good builders etc and agents etc

We are planning our move for Sept 2010 ish!


Many thanks

[Veronica]

Originally Posted by Pretty Flower

My husband and I have been planning our move for years! I think 4 years altogether!

We are coming over this year as we do every year but this is the year we hope to find a resale or look at new builds. We would ideally like a home in Kathikas as we love the village or nearby.

I would love to hear from anyone that has gone through this process and what the market is really like at the moment. My parents moved over in February 2009 when they retired and that was a shock to us as they were always going to Newquay but they got such a good deal last year on a new build they couldnt let it pass!!

So at least we will have family out there as we would of been out there alone.

Any information would be appreciated.

Names of good builders etc and agents etc

We are planning our move for Sept 2010 ish!


Many thanks

Hi Pretty Flower,
If you have the finance available for a deposit of around 50% a resale would probalby be the best option as there are now some great bargains where people are desperate to move back to the Uk. However if you need a bigger mortgage you are best going for a new build. Banks are giving 80% mortgages and in some cases you may even get 70% although this is more difficult these days.
We have a contact who can help you with mortgages as he deals with all of the major banks so if need any help with that let me know and I will give you his contact details.

Regards Veronica

[samtico]

Originally Posted by Veronica

Hi Pretty Flower,
If you have the finance available for a deposit of around 50% a resale would probalby be the best option as there are now some great bargains where people are desperate to move back to the Uk. However if you need a bigger mortgage you are best going for a new build. Banks are giving 80% mortgages and in some cases you may even get 70% although this is more difficult these days.
We have a contact who can help you with mortgages as he deals with all of the major banks so if need any help with that let me know and I will give you his contact details.

Regards Veronica

Sorry to but in, can i ask if you have a 50% deposit for a resale property does this mean that you can get a morgage for the rest of the money straight away?

[Veronica]

Originally Posted by samtico

Sorry to but in, can i ask if you have a 50% deposit for a resale property does this mean that you can get a morgage for the rest of the money straight away?

You would still need t o go through the application process and be able to prove that you can repay it. This can take weeks.
Hoever if you have found a place then you pay a deposit which is held by your solicitor which will hold the property for you until your mortgage is approved.
If the bank does not appove the mortgage you will get your deposit back.

Regards Veroncia

[samtico]

Have not seen a property yet was going to rent for 6 months, but dont want to spent alot of my money on rent i would have a 50% deposit from the sale of my house in the uk, my fianc'e is going to get work when we come out and he has also got work back in the uk, so i thought that he would have to be working for 6 months in cyprus before we got morgage?

[Veronica]

Originally Posted by samtico

Have not seen a property yet was going to rent for 6 months, but dont want to spent alot of my money on rent i would have a 50% deposit from the sale of my house in the uk, my fianc'e is going to get work when we come out and he has also got work back in the uk, so i thought that he would have to be working for 6 months in cyprus before we got morgage?

One way to do it would be to use your fiances earnings in the UK as proof of income epsecially if he is going to b carrying on earning there.
They do need proof of income.

Veronica

[samtico]

Yes maybe do that dont want to waste alot on rent if we can buy straight away, is anavargos a good area for schools etc?

[Veronica]

Originally Posted by samtico

Yes maybe do that dont want to waste alot on rent if we can buy straight away, is anavargos a good area for schools etc?

There are some excellent schools in Anavargos and also it is very close to Konia and we have very good things about the Konia school.
also if you did decide to send your children to the international school (which is would not recommend if you can avoid it as it is expensive) it is very close to Anavargos.

Veronica

[samtico]

My mum stays in anavargos so want to stay in or around that area, there is a school only few minutes walk from my mums house but do not know if there are other british pupils there i am worried that my children will struggle to settle in because of the language barrier, they are 10 and 7, but i want them to go to local school to pick up languge quicker, also cant afford prices of international school.

[Veronica]

Originally Posted by samtico

My mum stays in anavargos so want to stay in or around that area, there is a school only few minutes walk from my mums house but do not know if there are other british pupils there i am worried that my children will struggle to settle in because of the language barrier, they are 10 and 7, but i want them to go to local school to pick up languge quicker, also cant afford prices of international school.

I beleive that non cypriot children get extra tution to enable them to learn Greek and they are often also put back a year so that they do not miss any essential learning buy not understanding the languge at first.
I would recommend that you get your mum to go to the schools i nthe area to see which ones have English pupils and give the most help.

Veronica