karayiannas developers

[chrissie]

as anyone bought an apartment in paralimmi that karayiannas built and are not finished till march next year . the apartments are called king evagoras. thank you . chrissie

[peterwalter3000]

Hi , The wife and I have had an apartment for 3 years now at Kapparis and have got to know quite a few other people around us that bought off plan . We bought resale . The amount of hassle the the people about us have had with buying off plan , we are glad we bought resale . We have just put our apartment up for sale so we can buy a bungalow and that will be resale again . At least when you buy resale you can see the finished product . There is a new development near us and they have added an extra block in that is not on the plan , so when the time comes to get there title deeds I will be surprised if they will be able to get them .
Another good info site for the Paralimni area is Directory for Kapparis, Paralimni, Cyprus
All the best anyway .

[BabsM]

We have bought off plan and have not had hassle. I think its like everything, it depends on the developers, you get the good and the bad. I don't know about Kariyannis, but they are quite high-profile in the Paralimni area with adverts everywhere.

The title deeds issue is Cyprus-wide, not just Paralimni. Its mostly because they have comparatively recently started to register land and the process has turned out to be more complicated and time consuming than expected. As a result it takes years to get title deeds. We haven't got ours yet and our property was built three years ago. But we are not worried as we knew this would be the case and our solicitor has copies of all the permissions that were required.

The resale market is very slow here. It is difficult to sell resale properties as the resale market is not developed like in the UK and people like to buy new properties. Besides, the estate agents encourage people to buy new as the developers often offer discounts.