Why would anyone pay this? I don’t understand the value proposition, even for the „rich (but stupid) foreigner“ archetype. Why not live somewhere else instead of in a shitty 2-bedroom apartment in an aesthetically disfigured building? How does any market act this retarded?
mr_clauford on
We are witnessing a certified Lemesos moment right there
vulcanxnoob on
But housing prices in Cyprus have only gone up 12% according to the stats…. LOL
Mindless-Aide8492 on
Crazy
Swimming-Can7849 on
As a newly relocated foreigner , the prices of the apartments are quite insane but you can still find decent apartments for 1200-1500 but with bills and everything it still goes up to 2000+ My monthly apartment + bills here is the same as in Denmark which is a bit odd but the weather and beaches compensate.
You should compare Limassol to Athens. A 1-minute search shows that average rent for a 3-bedroom in Athens is 1200. And probably quite above that for a central location and decent quality.
Fatality_Ensues on
Just because it’s listed at that price doesn’t mean they will actually find someone crazy enough to pay it. Often such cases are „well, I don’t really want to rent this but if I can get this much money I’ll let it go“.
Substantial-Bed8167 on
The prices are high, but if you look at what salaries are for professionals in Limassol then the prices are fine. If you make several thousands a month, one or two on rent is fine.Â
And yes, some cafes / bars in Limassol charge more per drink / pastry than places in London / Paris / Copehagen
stelios34S on
This is not greece? Why would it be similar to greece in any way shape or form?
just_a_random_guy_11 on
They do. A lot of people in Limassol are making over 5k a month. It’s really buffing that you’re all suddenly surprised.
Alternative-Meal2710 on
I pay 2600 for 80âŠ
FreshBiskit on
Most of those properties are mortgaged heavily and youâre basically paying the loan
Basic-Sign-7144 on
You will not find a 3 room apartment in Greece for less than 600âŹ/month, unless it is in a remote village. I donât know where you got your numbers.
Alberttheslow on
Where in greece? And what year apartment can you find 350 a month?
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Capitalism
Why would anyone pay this? I don’t understand the value proposition, even for the „rich (but stupid) foreigner“ archetype. Why not live somewhere else instead of in a shitty 2-bedroom apartment in an aesthetically disfigured building? How does any market act this retarded?
We are witnessing a certified Lemesos moment right there
But housing prices in Cyprus have only gone up 12% according to the stats…. LOL
Crazy
As a newly relocated foreigner , the prices of the apartments are quite insane but you can still find decent apartments for 1200-1500 but with bills and everything it still goes up to 2000+ My monthly apartment + bills here is the same as in Denmark which is a bit odd but the weather and beaches compensate.
https://preview.redd.it/gy92xw7l9txf1.png?width=378&format=png&auto=webp&s=65f60399223d141c1051a0e78b0e51f4365b8322
In Cyprus you can rent 3 bedroom flat for âŹ800, what happened to Greece?
This is not the price of the rent, it’s the price no one wants to pay. Otherwise they would rent it out already.
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You should compare Limassol to Athens. A 1-minute search shows that average rent for a 3-bedroom in Athens is 1200. And probably quite above that for a central location and decent quality.
Just because it’s listed at that price doesn’t mean they will actually find someone crazy enough to pay it. Often such cases are „well, I don’t really want to rent this but if I can get this much money I’ll let it go“.
The prices are high, but if you look at what salaries are for professionals in Limassol then the prices are fine. If you make several thousands a month, one or two on rent is fine.Â
And yes, some cafes / bars in Limassol charge more per drink / pastry than places in London / Paris / Copehagen
This is not greece? Why would it be similar to greece in any way shape or form?
They do. A lot of people in Limassol are making over 5k a month. It’s really buffing that you’re all suddenly surprised.
I pay 2600 for 80âŠ
Most of those properties are mortgaged heavily and youâre basically paying the loan
You will not find a 3 room apartment in Greece for less than 600âŹ/month, unless it is in a remote village. I donât know where you got your numbers.
Where in greece? And what year apartment can you find 350 a month?