Anyone working in TRNC Real Estate -hows it going ?

Aussie


Joined: 17/06/2007
Posts: 657

Message Posted:
31/08/2008 17:12

I was curious given the state of the market how the average real estate agent is going now.



Is is financially worth while at present and how many sales do you need to make in a month to survive.



Aussie

pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
31/08/2008 19:45

Not certain you will hear the truth if estate agents do answer. They will most certainly say things are a bit slow, but steady.

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
31/08/2008 19:51

Having said that nearly all of our block has been sold . seemed a bit of an up turn in the last 4 months .

Turtle


Joined: 28/05/2007
Posts: 2669

Message Posted:
31/08/2008 19:55

Our apartments have suddenly started to be built on again , the builder says he has now sold all the unsold ones ??

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
31/08/2008 19:59

Is Spain an indicator?

http://property.timesonline.co.uk/tol/life_and_style/property/overseas/article3889812.ece

pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
31/08/2008 20:03

There is a theory that now is a good to buy as there is a possibility a settlement could be reached and an opportunity to make instant asset growth.

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
31/08/2008 20:08

That's what has been peddled since 2004 at least. It's not just about a settlement. The high price of the Euro/Ytl, price of flights, credit crunch, length of flights, budget airlines going bust, political/legal uncertainty until situation calms down which could take several years, cheap property available elsewhere i.e. Spain etc.

ainhoa


Joined: 02/09/2008
Posts: 2

Message Posted:
02/09/2008 10:45

Hi, I live in Spain, and I can confirm that the market is dead and has been for at least a year. This is not confined to holiday regions, but to the whole of the country.... just like UK in fact. The exchange rate between the pound and the euro has not helped. Several estate agents, especially British owned, have gone to the wall (some just packed a suitcase and went back to UK leaving staff unpaid and other debts unpaid.) It is definitely a buyer´s market. Is this the case in TRNC? I have had a yen for several years for a little holiday place in TRNC (having lived in Cyprus for three years before partition) so I am trying to do as much research as I can about the current situation. Any comments welcome.

hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
04/09/2008 20:45

Ainhoa

I'm sure that there are many 'bargains' to be had in NC as there is in Spain. Just have to make sure that said 'bargain' doesn't turn into a heart breaking nightmare as so often mentioned on this forum. Under no circumstances would I consider off plan but neither would I in Spain.