Property In Paphos
Looking for a good investment in property?
Thinking of purchasing resale property in Paphos? (Click on property picture to open property page)
Property in Paphos offers many thing not least the sun, sea and very good standard of living.
At Fitzgerald Estates we pride ourselves on being different in many positive ways. We are a property marketing firm, totally independent. We devote all of our time to Property in Paphos and the surrounding area.
Our comprehensive industry knowledge, resale market expertise, powerful internet and local presence gives you the competitive edge when buying or selling property.
Buying or selling, this is one of the biggest decisions you’ll ever make. Naturally, you want the best possible outcome ....... Daryl’s commitment is to offer sound advice that you can trust and an exceptional customer service that covers all levels and phases of the buying and selling process.
Above all, Daryl attributes his love of property marketing stemming from being a ‘people’s person’ and gains tremendous pleasure from satisfying his clients’ needs.
What the experts say – Property Industry and the ‘Overpriced’ Factor
Anyone who’s been to Cyprus two years running in the last 10 years would have been amazed at the growth of new properties. Paphos seemed to have spearheaded the property construction ‘gold rush’ with new developers entering the market at record speed, keen to cash in on record profits.
The global financial crisis affected the property market negatively with developers reeling at the declining sales. Much of this is attributed to the international financial and credit crisis, however, the general consensus is that property values been exuberantly inflated.
What the experts say:
1.Demand for developer properties has fallen by an estimated 40%
2.It will take the whole of 2009 to clear the unsold properties
3.The holiday-retirement property market will not recover till 2010
4.No major new project will be commenced in 2009
5.Properties bought from developers in the last 4-5 years have been the ones most affected by overpricing