Cyprus-Forum.com

[Paphitis]

I just ripped this off from the other place.

Today's Cyprus Mail lead story:

"Paphos feels the squeeze"

http://www.postimage.org/image.php?v=aVgreI0
http://www.postimage.org/image.php?v=gxbRQR0

Thats because Paphos has too many Brits who are panic selling.

[Z4]

I just ripped this off from the other place.

Today's Cyprus Mail lead story:

"Paphos feels the squeeze"

http://www.postimage.org/image.php?v=aVgreI0
http://www.postimage.org/image.php?v=gxbRQR0

Thats because Paphos has too many Brits who are panic selling.

What a clown!

[Z4]

The interest cuts in the UK are great for first time buyers/buyers just on the ladder - keep dropping please!

The banks haven't dropped their rates yet and possibly won't as they are not obliged to. Also it is going to be a lot more difficult to get a mortgage with much stricter credit checks on individuals.

Give them chance dude!!

They will drop them. Lloyds already have.

I think the government will put so much pressure on them and demand they pass the discount on.

Getting a mortgage will be tougher but maybe the banks/government will look to offer different types of mortgages to first time buyers

[Paphitis]

The interest cuts in the UK are great for first time buyers/buyers just on the ladder - keep dropping please!

The banks haven't dropped their rates yet and possibly won't as they are not obliged to. Also it is going to be a lot more difficult to get a mortgage with much stricter credit checks on individuals.

Give them chance dude!!

They will drop them. Lloyds already have.

I think the government will put so much pressure on them and demand they pass the discount on.

Getting a mortgage will be tougher but maybe the banks/government will look to offer different types of mortgages to first time buyers

There is another option.

Sell your property quick, before it is too late!

Flood the market, because we are all doomed.

I must contact my Paphian Real Estate Agent.

Aresti, here I come.

[Tim Drayton]

There is an article in the financial pages of today's Cyprus Weekly with the headline:

Bank of Cyprus nine month profits slightly up.

Apparently the BoC has increased its profits for the first nine months of the year by 1.4% compared to the same period last year.

BoC's CEO Andreas Eliades commented, "The group has effectively shielded itself from the financial crisis. We have no exposure to high risk derivative products, or toxic assets and minimal reliance on wholesale...80% of the group's assets are funded by customer deposits."

I, for one, still feel that Cyprus will weather the coming storm a lot better than many other places.