Cyprus-Forum.com

[Cheshire Cat]

I agree, Purdey. It is getting the dosh that is the problem !!!!!

[jbrazil]

i have an apartment in Larnaca that i am selling it has been on the market 3 months now and i have reduced the price, all the agents are telling me things are very slow the typical charge is 5%

[connor]

An estate agent in larnaca has not sold a single property in 3 months.

[jbrazil]

I have my property on with 4 agents in Larnaca and i can assure you i am not asking way over the top for it even selling it fully furnished with plasma tv satelitte and all that kind of stuff it is quite worrying how quiet it is i am even prepared to rent it out but no luck on that side either, do you have a property here you are trying to sell

[connor]

Well perhaps the boom is passing and the prices will settle enabling the locals to consider buying.

[jbrazil]

well i hope so because i think property prices have got ridiculous here considering the average wage that people earn

[connor]

Anyone any idea what the average wage is now in cyprus. ? Not too long ago an income of 1000.00c.pounds per month enabled a family to live well.

[jbrazil]

believe it or not most cypriots are still on an average wage of 600 cyp pounds per month i know lot's of locals whose husbands have at least 2 jobs very sad

[connor]

That explains why all the locals i talk to are complaining about the size of their overdrafts.

[jbrazil]

yes because the banks here will normally give them an overdraught of 3 times their salary so if there is a joint income it is even worse, but then again if they did not have that facility how do they live, i have been here 3 years now and my salary is half of what i was earning in the UK but i just do not want to go back to UK but i sympathise with the locals.