Land / house swap available

roachie


Joined: 25/04/2008
Posts: 31

Message Posted:
29/03/2011 18:23

I am looking to swap the land which I mistakingly bought 5 years ago (I have all the permissions for it) for a house or aprtment in N.Cyprus. I initially planned tro build a large house there but with the market as it is I cannot afford to do so anymore. It is 3 and a half donums in size and is about 200 yards from the sea. It has water and electricity and is in Tatlitsu. I appreciate that I am unlikely to sell the land in the current climate so perhaps somebody would be interested in an exchange with a small villa / apartment? Photos and more details available on request. There are no taxes, mortgages or liabilites to be paid on the land.

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
30/03/2011 03:14

What land pre-74?

roachie


Joined: 25/04/2008
Posts: 31

Message Posted:
30/03/2011 20:19

no afraid not, its Exchange land, whatever that means these days. Of course you paid a premium for it in those days but it seems to make little difference anymore

madturk


Joined: 25/03/2009
Posts: 217

Message Posted:
30/03/2011 20:27

What is the build ratio

rocky


Joined: 17/10/2007
Posts: 1749

Message Posted:
30/03/2011 22:00

if you are not able to sell it surely it would be just as difficult to exchange. I would think someone would be interested if the price is right, what value/price are you looking for? if you are asking too much you wont sell it, it all comes down to economics, supply and demand.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
30/03/2011 23:30

if it was a mistake to you , how is anybody else gonna want it ?

roachie


Joined: 25/04/2008
Posts: 31

Message Posted:
02/04/2011 10:58

You can build on 20% of it

roachie


Joined: 25/04/2008
Posts: 31

Message Posted:
02/04/2011 10:59

You are probably right but I actually want to own an apartment in N.Cyprus and my logic is that it would be easier to swap than sell for cash and then buy. perhaps I am mistaken but this is my logic.

roachie


Joined: 25/04/2008
Posts: 31

Message Posted:
02/04/2011 11:01

Everyones circumstances are different. I think I am not alone in regretting making a purchase on this island. How many of us would have bought the same had we had our time again? I think for the right person this land could be profitable but unfortunately that person is not me.