Jerry wrote:Property prices in Cyprus are closely linked to those in the UK. If there is a UK slump the Brits will not be able to afford the current prices in Cyprus. Many expect to sell their UK houses, buy cheap in Cyprus and live off the profit. The signs are already there, why do you think Gordon Brown is going to call an election this Autumn rather than wait - he knows the economy is in trouble.
Jerry well said mate .. i worked for the bank of england before joining HM FORCES .. yes it is predicted that economic slowd down is coming both in the UK .EUROPE ,US ...this will effect cyprus too
D.T ... is in banking etc ...and doesnt beleive me ....or doesnt want to .......cyprus is not ready for the Euro ....