Cyprus-Forum.com

[Southerner]

I have a 2 bed apartment in kapparis bought for 60000cyp (2005)currently valued at 74000cyp (feb07) having spoken to my mortgage advisor at the bank he anticipates a 12.5% increase in property value, he believes that property is still very much in demand and because other european countries will be buying cypriot property in euro's they will see it still as a bargain as they no longer have to exchange currency.
cyprus is still an under dog in the property market compared to its european relatives.

All European states including Cyprus and the UK have the euro, dual pricing already exists in many shops,
All EEC countries can already buy Cyprus property using Euros, it's not as if one day it is Cyprus pounds and the next Euros appear for the first time ever.
Property developers have been telling me the same old story since 1998,

You most buy right away as next year because of the full moon property prices will double

[Avanapa]

Southerner, I think you,ll find your wrong there. Not all EEC countries have the Euro. Certainly not the UK

[Southerner]

Southerner, I think you,ll find your wrong there. Not all EEC countries have the Euro. Certainly not the UK

Euros are available in the UK many stores display Sterling and Euro, Turkey is not in the EEC but Euros are as common as the British pound.

[Avanapa]

Yes Southerner, you can get the euros, but you have to buy them with your UK pound and depencing on the rate at the time you almost always lose money.

[Johnson&Johnson]

Hey Dino - that's a clear, intelligently argued and lucid post - what the hell are you doing on the Cyprus forum ???

Property property property... people forget that it moves in cycles, and now Cyprus has become syncronized with the global system, we are also very vulnerable to boom-bust scenarios. Before 2004 cyprus was a closed semi-socialist system with restrictions on capital inflows and outflows, and this stunted the property market. Now this has changed we are also subject to violent and dangerous fluctations in our markets, as the stock market bubble demonstrated. We are again experiencing a classic asset bubble just as the USA, Spain, England, ireland and all the other industrialized economies have. And it's gonna burst.

Re oil and automakers - I like it that the biggest car manufacturer in the US is in fact Japanese. America is a hollowed out economy, their deficits are huge and the dollar is still relatively expeinsive - I think it has to fall another 30% to make it attractive again.

Hedge funds - couldn’t agree more - dominoes waiting to fall

I was in NY last month, man it's changed since the 90's. So much cleaner, nicer, and it felt much safer too. Even the people were friendlier (well, a little bit).

I work in shipping. I travel around a fair on business, usually in Europe and the USA (Houston, New Orleans, NY) but sometimes to South America and Asia too. So, nothing to do with property, hedge funds or oil ! But I am determined to retire early so I dabble a little here and there.

[Southerner]

I work in shipping. I travel around a fair on business, usually in Europe and the USA (Houston, New Orleans, NY) but sometimes to South America and Asia too. So, nothing to do with property, hedge funds or oil ! But I am determined to retire early so I dabble a little here and there.

That's good, get me a good price on a 20 foot container from UK to Cyprus.

[nhowarth]

I've just been discussing the rise in prices with someone who has managed to sell his property at the eastern end of the island.

After deductions, he made 5% over three years - about 1.67%/annum.

Not the best investment decision he ever made!

Cheers,

[Johnson&Johnson]

southerner

i wouldn't know where to begin. we build, manage and operate cargo vessels so we have nothing to do with shipping people's personal effects. better to contact one of the small shipping offices on franklin roosvelt avenue


Nige

alright mate

nice anecdote... the market might still have a little way to run yet, but i think it will definetly crash.

how much are plots in erimi going for these days anyway ? just curious...

[villawagen]

[quote="Johnson&Johnson"]
Nice to see someone with a bit of intelligence on the forum. I get a bit tired of reading posts about talcing arse cracks etc, hence my only sporadic postings here. Someone here knows about M3/M4 money supply, I am very impressed !

really !!!! well my advice is make sure you talc you anus as you are clearly anal and up your own arse

and i get really tired of boring snobby bastards like you talking your m3 m4 money, you twat

[cyprusgrump]

Nice to see someone with a bit of intelligence on the forum. I get a bit tired of reading posts about talcing arse cracks etc, hence my only sporadic postings here. Someone here knows about M3/M4 money supply, I am very impressed !

really !!!! well my advice is make sure you talc you anus as you are clearly anal and up your own arse

and i get really tired of boring snobby bastards like you talking your m3 m4 money, you twat