New Off-Plan Properties are Cheaper than Resale?

Feb 19, 2017

Resale properties are struggle, due to new off-plan properties coming to the market. Whether is a flat or a house, the secret for cheaper prices lies to the LAND. Land is the dominant factor that affects the value of flats and houses. Developers, investors and young couples are buying much cheaper land compare to the past.

Construction cost almost remain the same with average construction cost 1,000 Euro per sq.m. As a result, new upcoming properties have lower asking prices than 4 -12 year resale properties.

This makes the selling of resale properties very hard and the acquisition of plots and land the smarter investment nowadays. M.Residence Agents can provide you with good quality plots and land in the most desired neighbourhoods of Nicosia.

Schedule a confidential conversation today 22 26 15 16.                                                                                                                    

M. Residence Brand: New horizons in Real Estate - The gate of your new Residence.


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