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No sign of spending slowdown in Cyprus.

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No sign of spending slowdown in Cyprus.

Postby purdey » Tue Jul 29, 2008 3:17 pm

I have noticed a slight slowdown in spending in the UK but Cyprus still seems to be riding high on a spending spree.
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Postby Bubble 'n' squeak » Tue Jul 29, 2008 8:05 pm

It wont last! :-)
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Postby purdey » Tue Jul 29, 2008 8:33 pm

I hope it does, i'm saving up for a new yacht to park in the new marina.
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Postby SSBubbles » Wed Jul 30, 2008 8:41 am

purdey wrote:I hope it does, i'm saving up for a new yacht to park in the new marina.



The 'New Marina' in Limassol purdey mou?

I have to laugh at the bill boards advertising 'New Marina - coming to Limassol soon' - when work has not even started!

I have to admire their optimism though :wink:
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Postby Z4 » Wed Jul 30, 2008 10:26 am

Who's spending the cash Purdey? It won't be us Brits
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Postby purdey » Wed Jul 30, 2008 10:32 am

Somebody is Simon, my figures are up 46% on last year. Saying that I see my commercial rents are going up 20% at the end of the year.
The Brits are tightning their belts especially while on holiday, not many seem to be venturing out of the hotels, and the All Inclusives seem to be doing well.
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Postby Z4 » Wed Jul 30, 2008 10:38 am

What do you do Purdey, sell or rent?
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Postby purdey » Wed Jul 30, 2008 11:45 am

I am not in property Simon, Sarah and Paul do that. I have a couple of franchises in Limassol that I lease out, nothing large scale. Other than that I just import bits and pieces and export Commandaria.
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Re: No sign of spending slowdown in Cyprus.

Postby Sotos » Wed Jul 30, 2008 2:53 pm

purdey wrote:I have noticed a slight slowdown in spending in the UK but Cyprus still seems to be riding high on a spending spree.


Some days ago in the news it said that 10% more Cypriots traveling abroad this year.
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Re: No sign of spending slowdown in Cyprus.

Postby SSBubbles » Wed Jul 30, 2008 4:19 pm

Sotos wrote:
purdey wrote:I have noticed a slight slowdown in spending in the UK but Cyprus still seems to be riding high on a spending spree.


Some days ago in the news it said that 10% more Cypriots traveling abroad this year.



Did it give any reasons Soto?
Cheaper holiday? family visits? Business trips etc?
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