Cyprus-Forum.com

[Pyrpolizer]

i dont want to rain on your parade ...but plans are already a foot to bring the north of cyprus in to E.U as part of a package the U.S is going to table in 08 ...way before TURKEY ....

also ....Get this 2.4 billion aid package if both communities agree to a solution based on the two communities both agreeing to co exist and accepting the island in the state it is but by working towards a dual nationality system and cross border business solutions ..much like belguim will do in the next two years (for those of you unaware Belguim two ethnic groups want to split )

in others cyprus stays divided,refugees compensated at a fixed rate for all ..Turkish cyps get their half of the island recognised ...E.U and U.S investment opportunities and aid to help both communities standard of living be raised.(money is the best inititive )

long story short ...how many refugees will accept 40-60k ...for their land in compensation ...instead of not getting jack for another 20 years

no one come tell me on this forum but i want todays prices ...because no will ever give you that ..live in the real world ...

safe to say that a good 75% of the Greek cypriots will accept the offers during the 08/09 recession

you read it here first folks

snake and crane was in cyprus with me and was advised of the same solution .....

As much as I want a solution I cant see how 75% as you claim would agree to this. 40-60k would have bought you a substantial amount of land back in 74. With today's market prices this money would just about buy you a chicken shed. Though I agree compensation will be the only realistic approach the amount has to be in line with today's economy and rightly so.

AND ? so where is the money going to come from ....you expect the ROC or TRNC to hand out something in the region of 20billion to rebuild the island (varoshin )and compensate the refugees ...

Are you in the belief that $300k each would be better yeah ? since a three bed house now in limmassol is near the $250 mark ?
would you not say that the land prices are hugely inflated at the moment ?

artificial since we are building houses for the sake of building ..paphos and napa area now has empty properties on the market for over 16 months .so the builders are building for flats instead ....

The property boom will be offer by the end of next year and we will have a recession ..can not think of a better time than to offer the islanders such an offer ...

that would be true had the economy relied on property.

It's been a few years we are relying TOO TOO MUCH DT. In fact I heard the property sales to foreigners give us 10 times (?) more profits than tourism. Oranos is right, recession is coming.

[oranos64]

i dont want to rain on your parade ...but plans are already a foot to bring the north of cyprus in to E.U as part of a package the U.S is going to table in 08 ...way before TURKEY ....

also ....Get this 2.4 billion aid package if both communities agree to a solution based on the two communities both agreeing to co exist and accepting the island in the state it is but by working towards a dual nationality system and cross border business solutions ..much like belguim will do in the next two years (for those of you unaware Belguim two ethnic groups want to split )

in others cyprus stays divided,refugees compensated at a fixed rate for all ..Turkish cyps get their half of the island recognised ...E.U and U.S investment opportunities and aid to help both communities standard of living be raised.(money is the best inititive )

long story short ...how many refugees will accept 40-60k ...for their land in compensation ...instead of not getting jack for another 20 years

no one come tell me on this forum but i want todays prices ...because no will ever give you that ..live in the real world ...

safe to say that a good 75% of the Greek cypriots will accept the offers during the 08/09 recession

you read it here first folks

snake and crane was in cyprus with me and was advised of the same solution .....

As much as I want a solution I cant see how 75% as you claim would agree to this. 40-60k would have bought you a substantial amount of land back in 74. With today's market prices this money would just about buy you a chicken shed. Though I agree compensation will be the only realistic approach the amount has to be in line with today's economy and rightly so.

AND ? so where is the money going to come from ....you expect the ROC or TRNC to hand out something in the region of 20billion to rebuild the island (varoshin )and compensate the refugees ...

Are you in the belief that $300k each would be better yeah ? since a three bed house now in limmassol is near the $250 mark ?
would you not say that the land prices are hugely inflated at the moment ?

artificial since we are building houses for the sake of building ..paphos and napa area now has empty properties on the market for over 16 months .so the builders are building for flats instead ....

The property boom will be offer by the end of next year and we will have a recession ..can not think of a better time than to offer the islanders such an offer ...

that would be true had the economy relied on property.

It's been a few years we are relying TOO TOO MUCH DT. In fact I heard the property sales to foreigners give us 10 times (?) more profits than tourism. Oranos is right, recession is coming.

SIR whether D.T likes it or not .. i know what i am talking about ... i sit and listen and take heed from business persons world wide .. i would never say something i didnt believe in ..

its began in the U.K ...and U.S ...no lowering lending rates will save us ..

there is a lot of money being thrown around now ...before the Euro comes in ...when it does ...we will see a recession ... we live unrealisticly but i tell the truth ..speak to the people D.T ... every one is beginning to put money away and hold on to their $$$ fearing the worse ..

break your circle
heres a list of my friends of friends

shakolas ,adricanos ,kanelis etc etc ...they are all bolting down ...the knock on effect will effet us quicker we are only 700000 ...1 million with the north ...

Russian black money is going to bulgaira now and romania ,poland

i will win

[oranos64]

Islam,

I'm willing to bet with you that there will be no such recession next year or the year after that.

really you talking to the other fat cat friends you got or the deveopers ....i talk to bankers like you and they fear the worse ...you dont see a economic slowdown ..even thought cyprus is effected easily by foreign investment

i am willing to bet ...

We should meet up then and make sure we honour this bet so that the other doesn;t just dissapear from this forum.

i am going to build a cafe .... how many of the forum want to meet me

ok D.T WE CAN...
i can also put you into frame .... with the guys i worked with in BANK OF ENGLAND AND WORLD BANK ...

Seriously ... you cant see a slow down ... ? you know as well as i do ...cyprus is tiny ...the economy is easily effectted .....i am willing to predict problems from april to end of the year ... next year for food suppliers and employment /project investments for small to medium companies ...

can see a slow down but not a recession. We're too small to have a reession. Most that will happen is a couple of fat cats go under due to margin calls on their collateral and the govt might have to bail one of the small banks out (hellenic or universal) but they need to go anyway with Eurobank and Citibank coming in.

happy to join you n your Cafe.

D.T ...one of the guys who adivses the bofc is a friend and he was told not to send out warning statements due to election coming .

this man is a very powerful business advisior and consultant to ROC government ... i provide him with support services ...he and i are friends
even he ,who is a $ euro supportter does not see its benefits for 10 years

D.T ..What do we do for the underclass and poor ..how will they survive ...when bread reachs $ prices like it did in greece some years ago

i would love to meet up with you in coming weeks and month

and watch anothoris versus apoel .....with you ...

chat soon ...off to research and prepare my class

[DT.]

i dont want to rain on your parade ...but plans are already a foot to bring the north of cyprus in to E.U as part of a package the U.S is going to table in 08 ...way before TURKEY ....

also ....Get this 2.4 billion aid package if both communities agree to a solution based on the two communities both agreeing to co exist and accepting the island in the state it is but by working towards a dual nationality system and cross border business solutions ..much like belguim will do in the next two years (for those of you unaware Belguim two ethnic groups want to split )

in others cyprus stays divided,refugees compensated at a fixed rate for all ..Turkish cyps get their half of the island recognised ...E.U and U.S investment opportunities and aid to help both communities standard of living be raised.(money is the best inititive )

long story short ...how many refugees will accept 40-60k ...for their land in compensation ...instead of not getting jack for another 20 years

no one come tell me on this forum but i want todays prices ...because no will ever give you that ..live in the real world ...

safe to say that a good 75% of the Greek cypriots will accept the offers during the 08/09 recession

you read it here first folks

snake and crane was in cyprus with me and was advised of the same solution .....

As much as I want a solution I cant see how 75% as you claim would agree to this. 40-60k would have bought you a substantial amount of land back in 74. With today's market prices this money would just about buy you a chicken shed. Though I agree compensation will be the only realistic approach the amount has to be in line with today's economy and rightly so.

AND ? so where is the money going to come from ....you expect the ROC or TRNC to hand out something in the region of 20billion to rebuild the island (varoshin )and compensate the refugees ...

Are you in the belief that $300k each would be better yeah ? since a three bed house now in limmassol is near the $250 mark ?
would you not say that the land prices are hugely inflated at the moment ?

artificial since we are building houses for the sake of building ..paphos and napa area now has empty properties on the market for over 16 months .so the builders are building for flats instead ....

The property boom will be offer by the end of next year and we will have a recession ..can not think of a better time than to offer the islanders such an offer ...

that would be true had the economy relied on property.

It's been a few years we are relying TOO TOO MUCH DT. In fact I heard the property sales to foreigners give us 10 times (?) more profits than tourism. Oranos is right, recession is coming.

Well if you two keep harping on about it we might start some panic selling at least.

The ridiculous profits everyone hears about where mostly made in Limassol with a number of russian billionaires paying ridiculous prices for average plots of land.

The actual profits from sale of land are not something to rely on. Basically it means someone had land, sold it for more than he had and has re-invested this money in the economy. Fat cat developers as My friend Oranos calls them re-invest them back into land wheras everyone else finds other ways. After this one sale this money is out of the land industry and re-applied to the economy.

In a dramatic shift in land prices (which is difficult considering what a small place this is and especially the lmited coastline) the foreigners who have purchased land in the tourist areas will be hit no doubt...there might even be a small replica of what happened in SPain. There will be a slow down in this industry however those affected will be limited to developers and foreigners. The population in Cyprus is not heaviliy invested in the property developers to be hit by a fall in share prices.

Now as far as homeowners are concerned, considering that mortgages are a relativley new concept in cyprus and mpst peole own their homes outright thanks to the father of the bride any fall in prices will not de-stabilise the household income.

Borrowing rates of EUros will also gaurantee that money wil still be cheaper to get than before thus maintaining demand on the land anyway.

[DT.]

Islam,

I'm willing to bet with you that there will be no such recession next year or the year after that.

really you talking to the other fat cat friends you got or the deveopers ....i talk to bankers like you and they fear the worse ...you dont see a economic slowdown ..even thought cyprus is effected easily by foreign investment

i am willing to bet ...

We should meet up then and make sure we honour this bet so that the other doesn;t just dissapear from this forum.

i am going to build a cafe .... how many of the forum want to meet me

ok D.T WE CAN...
i can also put you into frame .... with the guys i worked with in BANK OF ENGLAND AND WORLD BANK ...

Seriously ... you cant see a slow down ... ? you know as well as i do ...cyprus is tiny ...the economy is easily effectted .....i am willing to predict problems from april to end of the year ... next year for food suppliers and employment /project investments for small to medium companies ...

can see a slow down but not a recession. We're too small to have a reession. Most that will happen is a couple of fat cats go under due to margin calls on their collateral and the govt might have to bail one of the small banks out (hellenic or universal) but they need to go anyway with Eurobank and Citibank coming in.

happy to join you n your Cafe.

D.T ...one of the guys who adivses the bofc is a friend and he was told not to send out warning statements due to election coming .

this man is a very powerful business advisior and consultant to ROC government ... i provide him with support services ...he and i are friends
even he ,who is a $ euro supportter does not see its benefits for 10 years

D.T ..What do we do for the underclass and poor ..how will they survive ...when bread reachs $ prices like it did in greece some years ago

i would love to meet up with you in coming weeks and month

and watch anothoris versus apoel .....with you ...

chat soon ...off to research and prepare my class

ok mate...

[Pyrpolizer]

One has to actually break down our economy to realise how we make money in Cyprus. The easy way of selling out "sunshine" and lands to foreigners seems to be coming to an end. I personally see a social crisis coming on top of everything, as young Cypriots cannot even afford not a house but a small apartment anymore.

[zan]

The selling of council houses at discount prices, in the Thatcher years, is what gave the normal Brit the money to invest in very many places. That money has now run out and cheep holidays are back on the menu for millions of Brits. Both will be effected by the coming recession. Turkey is much cheaper than Cyprus for both.

[oranos64]

One has to actually break down our economy to realise how we make money in Cyprus. The easy way of selling out "sunshine" and lands to foreigners seems to be coming to an end. I personally see a social crisis coming on top of everything, as young Cypriots cannot even afford not a house but a small apartment anymore.

its not only that ...its the fact that the wages in cyprus have not changed and are unrealitice ...take banking for example ...if we are to make it ..we need to become an island which offers good banking facilities and sevices to investors .... we pay crap wages.

i have a friend who works in demstar ...a top engineer he takes home 1400 a month ....yet he is struggling because he is paying $300 a month on school coruses for his daughter ,700 on his mortagage and 200 on credit cards and 150 on bills .. he lives on peanuts ....
his wife earns 800 and she pays 500 a month on shopping to feed a family of 4
how do we progress ...how does this work ... yet in malta ...they dont have the same issues ...anyone seen the wages there .... 3xs of cyprus ...are they better than us ...are they just more organised ....
the cost of living or standard of living is going through the roof ...wages are not ..cyprus needs people like us to take control on matters such as education and investiment in the future ..

most cyp males dont finish school ...end up in dead end jobs ...earning maybe 500 a month ... how do they survive ....when vat is due to hit 18%

we already have a brain drain ...the best students who study abroad are ramaining abroad

D,T ....I SEE A LOT OF WORRYING THINGS ON THE HORIZON ...

[Pyrpolizer]

Well if you two keep harping on about it we might start some panic selling at least.

The ridiculous profits everyone hears about where mostly made in Limassol with a number of russian billionaires paying ridiculous prices for average plots of land.

The actual profits from sale of land are not something to rely on. Basically it means someone had land, sold it for more than he had and has re-invested this money in the economy. Fat cat developers as My friend Oranos calls them re-invest them back into land wheras everyone else finds other ways. After this one sale this money is out of the land industry and re-applied to the economy.

In a dramatic shift in land prices (which is difficult considering what a small place this is and especially the lmited coastline) the foreigners who have purchased land in the tourist areas will be hit no doubt...there might even be a small replica of what happened in SPain. There will be a slow down in this industry however those affected will be limited to developers and foreigners. The population in Cyprus is not heaviliy invested in the property developers to be hit by a fall in share prices.

Now as far as homeowners are concerned, considering that mortgages are a relativley new concept in cyprus and mpst peole own their homes outright thanks to the father of the bride any fall in prices will not de-stabilise the household income.

Borrowing rates of EUros will also gaurantee that money wil still be cheaper to get than before thus maintaining demand on the land anyway.

It's not only the developers is a whole circle of business affecting too many people. And it's not only in Limassol, perhaps you haven't seen what is going on in the whole Paphos district, starting from Mandria all the way through to Ayios Neophytos, Polis, even Argaka and Akamas...

I wouldn't call it healthy turning the money back to the economy when someone just sells a few lands, buys a Mercedes and lives like a king without working anymore.

DT I am eally surprised, haven't you spotted where all this 4-5 years excess of money is coming from? Jeez even the Tcs doubled their income the last 4 years doing exactly the same!

[oranos64]

The selling of council houses at discount prices, in the Thatcher years, is what gave the normal Brit the money to invest in very many places. That money has now run out and cheep holidays are back on the menu for millions of Brits. Both will be effected by the coming recession. Turkey is much cheaper than Cyprus for both.

i agree you have CHEAPER ...BETTER BEACHES due to the size of turkey and in some way BETTER FACILTIES ......TURKEY IS NICE ...

BUT WE HAVE NAPA ...AND THE CLIENT BASE IN CYPRUS IS BOTH AT 18-30 HOLIDAYMAKER AND FAMILY IN PROTORAS ...AND Turkey doesnt not compare ....