Cyprus-Forum.com

[Z4]

The manufacturer's of 'Slumberland Mattresses' (and other bedding producers) have recently announced their intentions to either lay off staff or close down altogether.

It would appear that even the price of 'Down' is going up.

Funny I would have the thought the market for mattresses would have remained buoyant ...

Business should bounce back in the 'Spring'.

The Banks, which are the 'Bed-rock' of all businesses should 'Relax' their rates further in order to 'Cushion' the effects of the recession and 'Bolster' the failing economy.

The 'Stuffing' has been knocked out of many enterprises due to lack of finance, once 'Buoyancy' returns to the 'King Size' businesses, the 'Rest' will soon follow suit and customers will 'Flock' to buy more beds, result, healthy balance 'Sheets' and a 'Blanket' recovery.

IMHO.

.

Very good!

The banks cant charge the amount of interest they have been charging, I mean the BOE to charge 5.25% to lend is very high and seriously restricts joe public from mortgages/lending etc. This is only the start of things to come, low interest rates. One day the UK will drop the crappy £ and do the Euro

[purdey]

I am interested in DT's comments about Cypriots buying shed loads of property in Maida Vale (London). My wife bought a house on Sutherland Ave Maida Vale in the 80s, which we now rent out as flats. I have not seen a decrease in property prices in this area in fact they have remained steady and to be honest not many ever come on the market. Over the past five years rental prices have increased for a one bedroom flat by at least 30% accross the board and flats are still in great demand.
As for Cypriots buying in this area, yes there are a few who own the odd house which they rent out, but most belong to the British or our friends from the middle east.
To put into context in 1989 the monthly rental for a one bedroom flat on Sutherland Ave was £900.00 per calendar month, so those who did sell were obviously lacking in business savvy.
Across the road at Finch Lodge, Maida Vale, property has actually increased in value over the past year. Maybe our media paint a darker picture than actually exists, that old saying "loads of money" still exists if you know how to invest it !

[Oracle]

The manufacturer's of 'Slumberland Mattresses' (and other bedding producers) have recently announced their intentions to either lay off staff or close down altogether.

It would appear that even the price of 'Down' is going up.

Funny I would have the thought the market for mattresses would have remained buoyant ...

Business should bounce back in the 'Spring'.

The Banks, which are the 'Bed-rock' of all businesses should 'Relax' their rates further in order to 'Cushion' the effects of the recession and 'Bolster' the failing economy.

The 'Stuffing' has been knocked out of many enterprises due to lack of finance, once 'Buoyancy' returns to the 'King Size' businesses, the 'Rest' will soon follow suit and customers will 'Flock' to buy more beds, result, healthy balance 'Sheets' and a 'Blanket' recovery.

IMHO.

.

I love your play on words regarding bedding ... but my "serious" comment about a buoyant market for mattresses, was more to do with the increased likelihood of usage, during financial hardship. (More babies are born following a recession, if you get my drift ).

But it looks like you have everything "covered" with your "pillow talk" so now you've made your bed, I'll leave you to lie in it .....

[sweetie pie]

According to statistics over 50% of the tourist population this year were Brits and that had reduced from over 60% the year before. That is a lot of income for Cyprus' tourist industry. Should they not come next year it will be financially a very difficult time here for the hotels, bars and restaurants. Already the downturn in tourists has seen the closure of plenty of bars and restaurants.
This time last year Brits were still buying property in Cyprus but no longer as the poor exchange rate means houses here are priced out of the market.
Yes, there are always the Russians but there is never going to be the big influx to make up for the lack of Brit tourists next year.

[miltiades]

According to statistics over 50% of the tourist population this year were Brits and that had reduced from over 60% the year before. That is a lot of income for Cyprus' tourist industry. Should they not come next year it will be financially a very difficult time here for the hotels, bars and restaurants. Already the downturn in tourists has seen the closure of plenty of bars and restaurants.
This time last year Brits were still buying property in Cyprus but no longer as the poor exchange rate means houses here are priced out of the market.
Yes, there are always the Russians but there is never going to be the big influx to make up for the lack of Brit tourists next year.

Unfortunately for Cyprus you are correct . The Brits have been by far the biggest contributors to the Cypriot economy , unless Stg recovers somewhat next year will be a very bleak one for Cypriot businesses.
Last year at the same time Stg was trading at about 1.38 to the euro , the year before at the same time it was 1.39 euro , the drop from last year a massive 28% coupled with price increases in Cyprus on food and household commodities the effect on the pockets of British tourists and Brits living in Cyprus is quite dramatic financially.