How is property selling in North Cyprus?

OurGill


Joined: 08/08/2010
Posts: 1

Message Posted:
08/08/2010 22:53

I have an apartment bought pre;build, cost £50,000 2008, good sight Kavanlar Alsancak has it made any money? Are they selling? Is it better to hold on? if Turkey joins Europe will it affect TRNC? Thanking you Gill

jock1



Joined: 06/01/2008
Posts: 3786

Message Posted:
08/08/2010 23:13

Gill welcome to the forum...i wish you well on your questions...maybe you could help me..what are next saturdays winning lotto numbers..?

cyprusairsoft



Joined: 22/06/2009
Posts: 2066

Message Posted:
08/08/2010 23:18

selling like hot cakes

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
08/08/2010 23:25

Gill.....is it finished?.....have you stayed there?....do you have PTP ?......do you have title deeds?....is the site finished?....is it on exchange title or Pre-74?.....have you checked with the original developer/estate agent to see what they are selling for now ?

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
08/08/2010 23:33

Jock. 12,15,34,45,46,47



Don't forget I want half. )

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
08/08/2010 23:41

RE msg 1, OurGill (...) How is property selling in North Cyprus? (...)

=> Selling ain't the problem, stupid. Buying is. (Paraphrasing † Mr. Kennedy).

jock1



Joined: 06/01/2008
Posts: 3786

Message Posted:
08/08/2010 23:42

put it on for me bill and if it comes up i will give you half the winnings once you have cashed it in for me...i wonder how many people do those numbers now..?

Woodspeckie


Joined: 25/01/2009
Posts: 2263

Message Posted:
08/08/2010 23:51

I will, but hope not too many because we will have to share.

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
09/08/2010 00:08

i will get my son to play these numbers bill, if they come up then hey all our probs are over x

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
09/08/2010 01:32

zzzzzzzzzzzzzzzzzzzzzz

PoliticoRon


Joined: 09/11/2009
Posts: 34

Message Posted:
09/08/2010 01:37

Hi Gill



You will get from the above answers that the market is somewhat stagnant in NC at the moment. Firstly, what phase of Kavanlar did you buy on, phase 1 or the considerably smaller other phases? In 2008 a Phase 1 apartment was sold for about £80,000, but the market has plunged a bit since then and the reality is you property is probably worth much less than you paid for it. You will see periodically on this board another Phase 1 owner trying to sell his/her fully furnished place for £75,000 but it seems to be dragging on for them.



The best advice is to enjoy your place - you've got a lot for 50 grand, but it isn't a great financial investment right now.



As for Turkey joining EU; if it happens tomorrow it wont directly effect NC as the EU see Cyprus as 1 island and are demanding unity as a solution. For me the solution to the Cyprus problem was achieved by the Turkish Military in 1974 and in a dreamworld we should hope for recognition of that



Politico

kavenkoy


Joined: 10/04/2008
Posts: 1787

Message Posted:
09/08/2010 07:23

Hi Gill



I guess its not on site1 (dates you bought 2008) ?.Is it rented out now ?if its investment return you are looking for then why not rent through proper agent and take money for 2 years or so ,then sell when market rises .



I know you will get money back now if you wished to sell ,but if its prices to sell.Finished with PTP and kocan (which are available ) you would get all your fees back .



Kav

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
09/08/2010 09:08

Agree with Kav i think you would have little trouble in getting back at least what you payed even in the present climate, i say this because Kavanlar are in my opinion one of the best developers in the TRNC who do follow their obligations through and if its on either phase 1 or 2 then kocans are available to transfer if you have received your PTP.

keldanreb


Joined: 17/09/2009
Posts: 212

Message Posted:
09/08/2010 10:03

on average most lotto nos are 3 odd 3 even.pick nos 25 and below,or 26 and above.most lotto winning nos are relative ,ie 26...46 or 10... 20 or 1......21.pick 7 nos and do any 6 from 7. cost £7.

if there is group of you,do 7 different nos,any 6 from 7,and do all 49 nos.....7* 7 =£49............................. this time next year!

Dixie Normus


Joined: 22/02/2008
Posts: 820

Message Posted:
09/08/2010 12:10

tell it how it is, nowts selling , more appartments on the market than you can shake a stick at, due to crap builds, crooked builders, and bent solicitors. The good point Cavinlar are known for a quality job even if they did skimp on everything after the phase one build, the bad point most of the flats are rented to locals and the place is like a squater camp. Hang onto it for another 7 years and you may make a buck.



D.N



POST EDITED FOR OFFENSIVE REMARKS.

niftyduo


Joined: 27/04/2008
Posts: 230

Message Posted:
09/08/2010 16:54

None of the Kavanlar phases in Alsancak look like squatter camps. Phase 2 is particularly well cared for with residents who keep a watchful eye on things. A don't know where Dixie is looking.

Jimmyboy63


Joined: 16/03/2009
Posts: 400

Message Posted:
09/08/2010 17:24

Kavanlar Phase one when comlpeted looked really good, then they built phase 2 behind now 3 and 4 side by side. In my opinion they have crammed too many blocks together and may as well be called Kavanlar Apartments

PoliticoRon


Joined: 09/11/2009
Posts: 34

Message Posted:
10/08/2010 01:32

Jimmyboy is spot on the phases after 1 are too cramped; I went to MEP's office in Phase 2 one quietish morning and got speaking to some other residents and our conversation echoed because the buildings were so huddled together, but no way do they look like squatter camps.



Politico

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
10/08/2010 01:51

Neighbour sold in 3 weeks completed in 5 weeks !!

Lazy days


Joined: 24/07/2008
Posts: 847

Message Posted:
10/08/2010 10:46

Pipie youve been trying to sell on turq bay for the past year any bites yet just curious, lol

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
11/08/2010 21:11

Lazy days .



I do not own on T/B it is family. But to answer your question no bites yet, but they are not now to concerned about selling as the rubbish management company has moved on, so it is much more pleasent atmosphere now.



Onwards and upwards.



Carefull L/D curiousity killed the cat !!!

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
11/08/2010 21:16

Pipie...msg 19



Price is definitely the key !

Too many people are wanting to recover at least what they paid for their properties but unfortunately this is unrealistic...particularly for anyone who bought in the last 3 or 4 years.



Did your neighbours achieve their original purchase price?

barnaclebill


Joined: 12/12/2008
Posts: 303

Message Posted:
11/08/2010 21:47

Our sale took 6 weeks received the money in the bank this morning, thank you very much.No Agents used a reliable Solicitor, Naiomi Memmhet.

Cronos If people aren't to greedy they should get their initial layout and a bit to boot.This is the second property I have sold 1 Villa purchased in 2004 sold in 2008 and an apartment in 2006 just sold not disappointed with the return on either.If you bought hoping to make a massive profit wrong place wrong time.Living back in the UK and loving it.

BB

loulouis


Joined: 13/12/2009
Posts: 234

Message Posted:
11/08/2010 21:48

Sell to the Russians ? they got loads a money ! TBV selling price three years ago £4500 Todays Price £99,000 SOLD To a rusky.

loulouie

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
11/08/2010 21:51

Barnaclebill....that's the point I was trying to make.

Some people wanted to buy and sell in a short space of time and get rich quick....it hasn't happened !

People who are serious about selling need to try and forget what they paid and just concentrate on pitching it at a price that the market will stand.

barnaclebill


Joined: 12/12/2008
Posts: 303

Message Posted:
11/08/2010 22:17

Msg 25 total agreement

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
11/08/2010 22:38

Cronas .



I think they sold at a profit but nothing outstanding .

In our family we have sold recently a small profit but still a profit, as you say we all have to be realistic !!

magicart


Joined: 05/10/2008
Posts: 985

Message Posted:
12/08/2010 09:10

Lots of bargins and many properties are selling but are discounted by some 30%.

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
12/08/2010 09:23

Magicart....msg 28



I'm sure many people who bought in the TRNC at whatever time thought they had got a "bargain"



Unfortunately , as many are finding to their cost , nothing is a bargain if you only get to pay for it but never actually "own" it !

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
12/08/2010 10:47

Cronas .



Whilst I agree with your message partially . We have to remember the owners who have got their deeds .

tamand


Joined: 23/07/2009
Posts: 240

Message Posted:
12/08/2010 12:45

Deeds are meaningless really, sorry if its not whot you want to hear but untill things get sorted deeds mean zilch, and pipie the new lot on tqb are no better than the last lot sorry to burst ur bubble again, in fact if it ware not for whot they planted the place would not be looking too good, yeah we all know you didnt like them but thats you, but other owners think different.

Some property is selling here but most of whot is selling, is selling at break even exmp. the price paid, but not taking into account all the extras paid in the years in between buying and now, and if some have made a profit then they are the lucky ones.

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
12/08/2010 13:00

So be it we must be the lucky ones in more ways than one Tamand if you get my drift !!!

Lazy days


Joined: 24/07/2008
Posts: 847

Message Posted:
12/08/2010 23:04

Yes pipie but perhaps you are not going to be as "lucky" as you think, do you get my "drift"



Cronos mess 29 I am with you and tamand mess 31 with you as well, deeds mean nothing as yet.