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the PROPERTY MARKET, the Black market economy & the Euro

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That would put the cat among the pidgeons!

Postby cymart » Mon Oct 15, 2007 4:48 pm

I fully agree with Oranios!Imagine if Varosha opened and all the resources and manpower were directed there?Also, how about a campaign to advise foreigners not to by property ANYWHERE in Cyprus until there is a solution to the political problem-wouldn't it be lovely to see the faces of Leptos,Aristo etc!!By the way,how was permission ever obtained for the planned 'Neapolis' in Paphos without an enquiry first??
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Postby Nikitas » Mon Oct 15, 2007 11:45 pm

Cymart,

Perhaps we need to redefine the terms "developer" and "development". These guys take virgin land and turn it into garbage. They should be limited to redeveloping inner city areas and abandoned or underpopulaed villages keeping strictly to standards of environmental sanity and good taste.

As for Famagusta, the developers will be sunk when that happens. Most people will want to rebuild houses withouth their help and the oversuplly of housing will sink them. Perhaps there is a clue there somewhere.
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Postby oranos64 » Tue Oct 16, 2007 1:06 am

Nikitas wrote:Cymart,

Perhaps we need to redefine the terms "developer" and "development". These guys take virgin land and turn it into garbage. They should be limited to redeveloping inner city areas and abandoned or underpopulaed villages keeping strictly to standards of environmental sanity and good taste.

As for Famagusta, the developers will be sunk when that happens. Most people will want to rebuild houses withouth their help and the oversuplly of housing will sink them. Perhaps there is a clue there somewhere.


how will they do that babes ? sorry thats sexist ...but how .... the builders and devlopers and agents are the same guys all in togeather with lawyers ...back handers and other things ...they will rush in first buy up and redevelop it ...stop dreaming of this utopia ..because it wont happen ...it will be another prodoras /napa .. we will not recognise it ...it will be the developers dream to exploit that side of the island
horrid place ...then the clubs and bars .drugs ,prostition etc ....

to be honest .i rather it stays the way it is ....sad but i do ....
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Postby Nikitas » Tue Oct 16, 2007 1:38 am

Oranos, all the property in Famagusta is more or less spoken for. So I figured that when the city opens the families that own the houses will want to rebuild them. There is not much land for development. Sure the hotels will be rebuilt if we do the dumb thing and let them. They should be rezoned and the whole beach area kept free of buildings. But lets say they rebuild the hotels as they were, they already have owners some of them prety rich and powerful So there will be a lot of reconstruction but not development of virgin land.

What I am hoping is that the influx of the old residents to Famagusta will keep the undesirables away. It would be a pity to see it go the way of Protaras and Ayia Napa. I remember Ayia Napa from a visit in the 60s, for a Christening in the church, it was the very picture of the sleepy Mediterranean village. Look at it now! Some people think that place is a mark of progress!
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Postby Oneness » Fri Oct 19, 2007 12:08 am

Interesting reading but why has nobody touched on the connections between subject matter in the title : the PROPERTY MARKET, the Black market economy & the Euro??? Is it too much taboo to discuss? Or is everyone here too pure to be aware of such goings on???
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Postby loving it » Fri Oct 19, 2007 3:41 pm

oranos64 wrote:
phoenix wrote:Cyprus is the Southern-most place you can go to in the EU. The southern-most parts of countries, especially if coastal, are usually the most expensive e.g France, U.K. Therefore Cyprus would ALWAYS be the most desirable country in the EU.

And, the more expensive the better . . . it keeps its exclusivity and increases its attraction. :D



Yes and then we can make sure our own people can not afford homes in their own country ,and the cost of living constantly rises and wages stay the same ,we divide the country more and more into the have and have nots ...and also make sure we continue not to plan for anything ...as we do ...build in ravines ,buid on cliff tops,,,build and plan for nothing not ever power and water supplies ....

when do you run for government ...let me know so i can get my rifle :wink: x100000000 :wink:


People in Cyprus stand a better chance of getting on to the property market then we do in the UK. Your wages might be less but then the cost of living is a lot cheaper. I’ve only recently moved from Cyprus and I know when I was there I paid hardly any tax on my wages compared to the 25% I pay in the UK and everything I needed from petrol, insurances, heating etc was less than half the price then what we pay in the UK. Above all the property market is sufficiently more affordable to you even on your wages compared to what it is here. Nowhere in London can you buy a 2 bedroom brand new detached house here for £126,000 (£150,000 sterling). This would only buy you a one bedroom apartment.
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Postby Oneness » Sat Oct 20, 2007 2:04 am

phoenix wrote:Cyprus is the Southern-most place you can go to in the EU. The southern-most parts of countries, especially if coastal, are usually the most expensive e.g France, U.K. Therefore Cyprus would ALWAYS be the most desirable country in the EU.

And, the more expensive the better . . . it keeps its exclusivity and increases its attraction. :D


Yeh, right! Why not head a little further south and you'll find yourself in Africa. Dont stop, you're closing in on the Sahara! :)
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Postby jansler » Sat Oct 20, 2007 8:37 pm

Who can you trust i have had several estate agents look at my property saying well to sell quick you must sell cheap, yet when i pose as a buyer of a house they tell me that the prices are rising and i should buy quickly, in short they are just after a quick buck and like many developers they are not to be trusted
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Postby Southerner » Sat Oct 20, 2007 9:23 pm

jansler wrote:Who can you trust i have had several estate agents look at my property saying well to sell quick you must sell cheap, yet when i pose as a buyer of a house they tell me that the prices are rising and i should buy quickly, in short they are just after a quick buck and like many developers they are not to be trusted


Am I correct in saying that they also charge 5% commision?
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Postby phoenix » Sat Oct 20, 2007 11:57 pm

Oneness wrote:
phoenix wrote:Cyprus is the Southern-most place you can go to in the EU. The southern-most parts of countries, especially if coastal, are usually the most expensive e.g France, U.K. Therefore Cyprus would ALWAYS be the most desirable country in the EU.

And, the more expensive the better . . . it keeps its exclusivity and increases its attraction. :D


Yeh, right! Why not head a little further south and you'll find yourself in Africa. Dont stop, you're closing in on the Sahara! :)


:shock: Is Africa in the EU now? :lol:
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