Comments for Cyprus Villa And Apartment Sales And Rentals

Comment on Renting A Property In Cyprus by Protaras

Protaras — Thu, 01 Dec 2011 08:55:07 +0000

Thanks for your comment P Brambley.
You have a very valid point on who pays for various costs. Our rental agreements state what the tenant is responsible for and the owner is responsible for everything else. Specifically the clause covering these costs states ‘The Tenant(s) shall be liable for the payment of all electricity, telephone, Municipal taxes and water bills in relation to the Premises and the Landlords have no responsibility for the same.’

Comment on Renting A Property In Cyprus by P Brambley

P Brambley — Thu, 01 Dec 2011 07:55:08 +0000

I am impressed with the straightforward and clear info on your website. However, with regard to this:
“For long term rentals who is responsible for paying management fees / local authority charges”
As problems regarding common expenses and management are on the increase in Cyprus and the law states that the OWNER is responsible for paying management fees – I think it would be better for you to reword that slightly. Maybe to advise tenants to make sure their lease states that the rent ‘includes management fees’?

Comment on Cyprus Property Sales & Rentals Update by Protaras

Protaras — Fri, 08 Jul 2011 11:31:53 +0000

Famagusta Gazette are reporting that the Taxi drivers are set to strike next week. It doesn’t state what day or for how long but I thought I would mention it just in case you were planning to use a taxi next week.

See the news item at http://famagusta-gazette.com/miffed-cabbies-to-stage-strike-next-week-p12389-69.htm

Comment on Cyprus Property Sales & Rentals Update by Protaras

Protaras — Tue, 05 Jul 2011 05:47:58 +0000

Eileen,

Properties in Cyprus are bought and sold in Euros not Swiss Francs. The exchange rate between the Swiss Franc and the Euro has worsened by more than 20% in recent years for owners with Swiss Franc mortgages. To clear a Swiss Franc mortgage owners therefore need at least 20% MORE Euros than they did when they took out the mortgage. As prices have fallen quite sharply (worldwide) there is no way a property can be sold for more today than the purchase price a few years ago.

When the banks offered the Swiss Franc mortgages it was on the basis that they thought the Swiss Franc was a stable currency compared with the Euro or Sterling. I don’t think the banks made any effort to explain the dangers of having a mortgage in a currency other than that of the currency (Euros) where the property is located.

Paul

Comment on Cyprus Property Sales & Rentals Update by Eileen McKeever

Eileen McKeever — Mon, 04 Jul 2011 22:17:00 +0000

Paul thanks for all this. i really appreciate being kept up to speed on what is happening. I must admit I am shocked at the lengths which have been gone to to ‘fleece’ tourists.Sounds like they don’t want tourists! Can I ask why those with Swiss Franc mortgage are at a isadvantage. . . . did I read that correctly

REgards

Eileen

Comment on Selling A Property In Cyprus by Protaras

Protaras — Mon, 24 Jan 2011 11:01:55 +0000

Thank you for your appraisal of the website Peter.

Comment on Selling A Property In Cyprus by Peter Thompson

Peter Thompson — Mon, 24 Jan 2011 09:45:30 +0000

Great website covering sales and rentals,good quality pictures and read up on properties.

Comment on Renting A Property In Cyprus by Quick sale Leeds

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