Cyprus-Forum.com

[Z4]

Yes I agree.......things are rubbish in the UK!

[Tim Drayton]

But there are alot less developers which develop in Nicosia though Tim which means there are fewer jobs on the line.

There are more developers in places like Paphos which means redundancies.

If prices at bars/restaurants/hotels/flights/car hire were reduced CY would see alot more tourists through the doors. But Cypriots can be stubborn and greedy people, won't alter anything!

A Qatari company is planning to construct a massive development in Nicosia:

http://www.ameinfo.com/175319.html

so you may be a bit wide of the mark there.

Maybe, but how many developers and agents operate in 'tourist' driven areas and how many in Nicosia ??

Alot more in tourist areas.....

I have to grant you your point. In numerical terms there are many more developers in tourist areas. However, if this Qatar-backed deal comes off, this one developer will outperform the rest of them put together. By the way, the Qataris consider this development to be a tourism complex, so it seems that as far as they are concerned Nicosia is a tourist area.

Interesting.

Who will be buying these properties though? Who will they be marketing to, there own people?

Moving away from our initial topic I suppose Nicosia would appeal to some people who could 'pop' over for a 3/4 day break. It's a city, and has culture I suppose so why not.

To quote from the article that I mentioned above:

This new project will be located on 25,000m2 of a prime site in Nicosia and will be a mixed use development.

Upon completion, the project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. It is destined to become a major tourist destination, aimed at sophisticated investors and tourists from around the globe.

I think this development is targeted more at Gulf Arabs than Westerners.

[CBBB]

But there are alot less developers which develop in Nicosia though Tim which means there are fewer jobs on the line.

There are more developers in places like Paphos which means redundancies.

If prices at bars/restaurants/hotels/flights/car hire were reduced CY would see alot more tourists through the doors. But Cypriots can be stubborn and greedy people, won't alter anything!

A Qatari company is planning to construct a massive development in Nicosia:

http://www.ameinfo.com/175319.html

so you may be a bit wide of the mark there.

Maybe, but how many developers and agents operate in 'tourist' driven areas and how many in Nicosia ??

Alot more in tourist areas.....

I have to grant you your point. In numerical terms there are many more developers in tourist areas. However, if this Qatar-backed deal comes off, this one developer will outperform the rest of them put together. By the way, the Qataris consider this development to be a tourism complex, so it seems that as far as they are concerned Nicosia is a tourist area.

Interesting.

Who will be buying these properties though? Who will they be marketing to, there own people?

Moving away from our initial topic I suppose Nicosia would appeal to some people who could 'pop' over for a 3/4 day break. It's a city, and has culture I suppose so why not.

To quote from the article that I mentioned above:

This new project will be located on 25,000m2 of a prime site in Nicosia and will be a mixed use development.

Upon completion, the project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. It is destined to become a major tourist destination, aimed at sophisticated investors and tourists from around the globe.

I think this development is targeted more at Gulf Arabs than Westerners.

This might have something to with the fact that despite Commissar Christophias saying no casinos, the government is still preparing a report on them. Perhaps they promised the Qataris a licence, it would be the only way to fill their hotel. The Hilton across the road has very low occupancy rates except for September/October which is apparently conference and seminar time.

[Tim Drayton]

But there are alot less developers which develop in Nicosia though Tim which means there are fewer jobs on the line.

There are more developers in places like Paphos which means redundancies.

If prices at bars/restaurants/hotels/flights/car hire were reduced CY would see alot more tourists through the doors. But Cypriots can be stubborn and greedy people, won't alter anything!

A Qatari company is planning to construct a massive development in Nicosia:

http://www.ameinfo.com/175319.html

so you may be a bit wide of the mark there.

Maybe, but how many developers and agents operate in 'tourist' driven areas and how many in Nicosia ??

Alot more in tourist areas.....

I have to grant you your point. In numerical terms there are many more developers in tourist areas. However, if this Qatar-backed deal comes off, this one developer will outperform the rest of them put together. By the way, the Qataris consider this development to be a tourism complex, so it seems that as far as they are concerned Nicosia is a tourist area.

Interesting.

Who will be buying these properties though? Who will they be marketing to, there own people?

Moving away from our initial topic I suppose Nicosia would appeal to some people who could 'pop' over for a 3/4 day break. It's a city, and has culture I suppose so why not.

To quote from the article that I mentioned above:

This new project will be located on 25,000m2 of a prime site in Nicosia and will be a mixed use development.

Upon completion, the project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. It is destined to become a major tourist destination, aimed at sophisticated investors and tourists from around the globe.

I think this development is targeted more at Gulf Arabs than Westerners.

This might have something to with the fact that despite Commissar Christophias saying no casinos, the government is still preparing a report on them. Perhaps they promised the Qataris a licence, it would be the only way to fill their hotel. The Hilton across the road has very low occupancy rates except for September/October which is apparently conference and seminar time.

I really cannot see the Qataris sponsoring gambling. It will be interesting to see what happens with this. Anyway, the area opposite the Hilton in Nicosia is all densely built up. There is no 25,000m2 vacant site there. Are they planning to knock down the technical school and military facility there?

[CBBB]

But there are alot less developers which develop in Nicosia though Tim which means there are fewer jobs on the line.

There are more developers in places like Paphos which means redundancies.

If prices at bars/restaurants/hotels/flights/car hire were reduced CY would see alot more tourists through the doors. But Cypriots can be stubborn and greedy people, won't alter anything!

A Qatari company is planning to construct a massive development in Nicosia:

http://www.ameinfo.com/175319.html

so you may be a bit wide of the mark there.

Maybe, but how many developers and agents operate in 'tourist' driven areas and how many in Nicosia ??

Alot more in tourist areas.....

I have to grant you your point. In numerical terms there are many more developers in tourist areas. However, if this Qatar-backed deal comes off, this one developer will outperform the rest of them put together. By the way, the Qataris consider this development to be a tourism complex, so it seems that as far as they are concerned Nicosia is a tourist area.

Interesting.

Who will be buying these properties though? Who will they be marketing to, there own people?

Moving away from our initial topic I suppose Nicosia would appeal to some people who could 'pop' over for a 3/4 day break. It's a city, and has culture I suppose so why not.

To quote from the article that I mentioned above:

This new project will be located on 25,000m2 of a prime site in Nicosia and will be a mixed use development.

Upon completion, the project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. It is destined to become a major tourist destination, aimed at sophisticated investors and tourists from around the globe.

I think this development is targeted more at Gulf Arabs than Westerners.

This might have something to with the fact that despite Commissar Christophias saying no casinos, the government is still preparing a report on them. Perhaps they promised the Qataris a licence, it would be the only way to fill their hotel. The Hilton across the road has very low occupancy rates except for September/October which is apparently conference and seminar time.

I really cannot see the Qataris sponsoring gambling. It will be interesting to see what happens with this. Anyway, the area opposite the Hilton in Nicosia is all densely built up. There is no 25,000m2 vacant site there. Are they planning to knock down the technical school and military facility there?

They said about the army camp going, I am not sure what else.

[Tim Drayton]

But there are alot less developers which develop in Nicosia though Tim which means there are fewer jobs on the line.

There are more developers in places like Paphos which means redundancies.

If prices at bars/restaurants/hotels/flights/car hire were reduced CY would see alot more tourists through the doors. But Cypriots can be stubborn and greedy people, won't alter anything!

A Qatari company is planning to construct a massive development in Nicosia:

http://www.ameinfo.com/175319.html

so you may be a bit wide of the mark there.

Maybe, but how many developers and agents operate in 'tourist' driven areas and how many in Nicosia ??

Alot more in tourist areas.....

I have to grant you your point. In numerical terms there are many more developers in tourist areas. However, if this Qatar-backed deal comes off, this one developer will outperform the rest of them put together. By the way, the Qataris consider this development to be a tourism complex, so it seems that as far as they are concerned Nicosia is a tourist area.

Interesting.

Who will be buying these properties though? Who will they be marketing to, there own people?

Moving away from our initial topic I suppose Nicosia would appeal to some people who could 'pop' over for a 3/4 day break. It's a city, and has culture I suppose so why not.

To quote from the article that I mentioned above:

This new project will be located on 25,000m2 of a prime site in Nicosia and will be a mixed use development.

Upon completion, the project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. It is destined to become a major tourist destination, aimed at sophisticated investors and tourists from around the globe.

I think this development is targeted more at Gulf Arabs than Westerners.

This might have something to with the fact that despite Commissar Christophias saying no casinos, the government is still preparing a report on them. Perhaps they promised the Qataris a licence, it would be the only way to fill their hotel. The Hilton across the road has very low occupancy rates except for September/October which is apparently conference and seminar time.

I really cannot see the Qataris sponsoring gambling. It will be interesting to see what happens with this. Anyway, the area opposite the Hilton in Nicosia is all densely built up. There is no 25,000m2 vacant site there. Are they planning to knock down the technical school and military facility there?

They said about the army camp going, I am not sure what else.

Just had my map of Nicosia and a ruler out. The area covered by the army camp appears to be roughly 220 m X 110 m, so the figures add up.

[CBBB]

But there are alot less developers which develop in Nicosia though Tim which means there are fewer jobs on the line.

There are more developers in places like Paphos which means redundancies.

If prices at bars/restaurants/hotels/flights/car hire were reduced CY would see alot more tourists through the doors. But Cypriots can be stubborn and greedy people, won't alter anything!

A Qatari company is planning to construct a massive development in Nicosia:

http://www.ameinfo.com/175319.html

so you may be a bit wide of the mark there.

Maybe, but how many developers and agents operate in 'tourist' driven areas and how many in Nicosia ??

Alot more in tourist areas.....

I have to grant you your point. In numerical terms there are many more developers in tourist areas. However, if this Qatar-backed deal comes off, this one developer will outperform the rest of them put together. By the way, the Qataris consider this development to be a tourism complex, so it seems that as far as they are concerned Nicosia is a tourist area.

Interesting.

Who will be buying these properties though? Who will they be marketing to, there own people?

Moving away from our initial topic I suppose Nicosia would appeal to some people who could 'pop' over for a 3/4 day break. It's a city, and has culture I suppose so why not.

To quote from the article that I mentioned above:

This new project will be located on 25,000m2 of a prime site in Nicosia and will be a mixed use development.

Upon completion, the project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. It is destined to become a major tourist destination, aimed at sophisticated investors and tourists from around the globe.

I think this development is targeted more at Gulf Arabs than Westerners.

This might have something to with the fact that despite Commissar Christophias saying no casinos, the government is still preparing a report on them. Perhaps they promised the Qataris a licence, it would be the only way to fill their hotel. The Hilton across the road has very low occupancy rates except for September/October which is apparently conference and seminar time.

I really cannot see the Qataris sponsoring gambling. It will be interesting to see what happens with this. Anyway, the area opposite the Hilton in Nicosia is all densely built up. There is no 25,000m2 vacant site there. Are they planning to knock down the technical school and military facility there?

They said about the army camp going, I am not sure what else.

Just had my map of Nicosia and a ruler out. The area covered by the army camp appears to be roughly 220 m X 110 m, so the figures add up.

They are having the school as well.

http://www.cyprus-mail.com/news/main.ph ... 6&cat_id=1

But this article reinforces my speculation about a casino:

Illegal gambling costing the state billions
By Elias Hazou

COMBINED, online casinos and illegal gambling are costing the economy a whopping €2.5 billion a year as authorities grapple with ways of controlling the activity.

The above data were cited yesterday during a session of the House Institutions Committee. Finance Minister Charilaos Stavrakis, who was attending, was bombarded with deputies’ questions as to why no law exists that bans or regulates online bets.

But legislators need to tread carefully because of EU laws governing the free movement of services, which includes online gambling.

In 2004, the Finance Ministry turned to foreign experts to draft a law regulating electronic gambling in general. The bill turned controversial, after allegations that its authors were linked to gambling interests, and was shelved.

The ministry is now making a second attempt; a new piece of legislation is being written up that would give Cyprus an exemption from complying with the free movement of services, where betting and gambling is concerned.

The bill, which is being fast-tracked, would have to get the nod from the European Commission. Although it’s a long shot, the Commission may decide to grant Cyprus an exemption, as it had done for Greece in the past.

“It pains us to see that Cyprus has become a free-for-all when it comes to illegal gambling,” chairman of the House Institutions Committee Ricos Erotokritou said coming out of yesterday’s session.

MPs said that the surge in illegal gambling was having a real impact on society, as bread-winners gambled away their life savings away, leaving their families destitute. Gambling-related suicides have also been reported.

Currently, the only tool available to Cypriot police is to catching illegal gambling establishments red-handed. It is known that many sports clubs and cafes double up as betting places.

Despite stepping up their efforts, police openly admit they are fighting a lost cause as illegal gambling and the use of so-called “fruit machines” has proliferated.

Police officials told the House committee yesterday that penalties for operating an illegal gambling operation are not deterrent—offenders pay a €1500 fine, but make many times that amount in profits.

Often, police told deputies, busted owners of such establishments will call their supplier and order new computers—in plain sight of the police—just as their equipment is being seized.

Over the past two years, police raids have confiscated some 5,000 computers. They have also located two servers hosting online gambling games, where an estimated €6 million was played.

Copyright © Cyprus Mail 2009

http://www.cyprus-mail.com/news/main.ph ... 4&cat_id=1

[Tim Drayton]

I still don't think Qataris will back a gambling venture.

[jack & jill]

Hi Suzie

If you are thinking of relocating to Cyprus. I would advise renting not buying. the equivalent of council tax is much less than uk. You need a car, they are expensive second hand in comparison. Resort areas die in the winter and its cold indoors due to all those tiles.

We have a house in east of the island but ended up coming back to uk as we found the prices soared after Jan 08 when the euro arrived!

[Z4]

Hi Suzie

If you are thinking of relocating to Cyprus. I would advise renting not buying. the equivalent of council tax is much less than uk. You need a car, they are expensive second hand in comparison. Resort areas die in the winter and its cold indoors due to all those tiles.

We have a house in east of the island but ended up coming back to uk as we found the prices soared after Jan 08 when the euro arrived!

If you go-to Cyprus and work things may be different. If your living off your pension then things will be tight I guess.