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Crisis for northern Cyprus property market

How can we solve it? (keep it civilized)

Postby boomerang » Tue Mar 18, 2008 1:46 am

shahmaran wrote:
boomerang wrote:
shahmaran wrote:He served 4 years! 4!!

I think it is fair to say that each one should sort out their side first before launching cheap attacks, but then thats what Boomers is all about so i cant blame the poor old man.


FFS sake shit for brains...I posted an article, left no comment, and in your view it warranted the yadda yadda...very intelligent of you...another deviasion from the point...

Instead of shooting down the messenger, why not try and adrees the question as to why the banks aren't accepting the deeds...

...coz sorting "shit" out has nothing to do with the price of fish in this thread...


Easy there old man or you might have a seizure, no need for the colorful language :)

You are not JUST a messenger, you are a very selective messenger so dont act all "unbiased" because that is exactly how you make your comments.


And how is this news article selective and BIASED grasshopper?...Are banks refusing the deeds or NOT...you tell me... :lol:

...maybe the banks are BIASED :lol:
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Postby Get Real! » Tue Mar 18, 2008 1:51 am

I must say… Shah has come a long way from when he first joined!
The lad was like Nitroglycerin... :lol: Good on you Shah! :)
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Postby -mikkie2- » Tue Mar 18, 2008 2:33 am

Anyone who thinks that the current credit crises won't hit Cyprus are living in cloud cookoo land.

Many foreign property investors and speculators are British. Many rely on remortgaging their homes in the UK to raise money to buy property in north or south Cyprus. These credit lines are vanishing fast in the UK and in other parts of Europe. The end result is that there will be less money coming in to Cyprus for property investment. Looking at the number of properties for rent in the siouth should be cause for alarm. In the north I would imagine the situation is far more serious and its not surprising that Turkey is having to pump more money in the north.

Interesting to watch what may happen in the next few months.
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Postby cypezokyli » Tue Mar 18, 2008 5:03 pm

it is not surprising.
companies as a rule, look for their profits.... besides, i ve seen numerous adds in the north over the last three years "buy with a legal tc title" .... and the market knew of course.... everything build on gc land is - not surprisingly - cheaper.

it is called "the invisible hand" :wink:
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Postby zan » Tue Mar 18, 2008 5:16 pm

-mikkie2- wrote:Anyone who thinks that the current credit crises won't hit Cyprus are living in cloud cookoo land.

Many foreign property investors and speculators are British. Many rely on remortgaging their homes in the UK to raise money to buy property in north or south Cyprus. These credit lines are vanishing fast in the UK and in other parts of Europe. The end result is that there will be less money coming in to Cyprus for property investment. Looking at the number of properties for rent in the siouth should be cause for alarm. In the north I would imagine the situation is far more serious and its not surprising that Turkey is having to pump more money in the north.

Interesting to watch what may happen in the next few months.



Well I am glad that someone is able to link what is going on in the rest of the world with little old Cyprus......Bad times ahead for the whole world I think!!!
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Postby souroul » Wed Mar 19, 2008 9:43 am

what do they mean by "local commercial banks", and whats the reason for not doing so?
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