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UK property prices up - does anyone see cyprus following?

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Postby Doratis1980 » Thu Aug 06, 2009 2:59 pm

there is 2 much offer (almoast every builder became a developer of land-thats why prices went so high before) and almoast no demand.. banks are "afraid" to lend monie (even if they are secured with morgage) since the price of land on market is not steady..many developers are under big loans with great interest and they cannot afford the tranche since sales are zero now.
some people who have money and want to buy or invest on land are on "defence" beacuse they expect a bigger fall of prices in 2010..
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Postby baby-come-fly-with-me » Thu Aug 06, 2009 3:04 pm

Doratis1980 wrote:there is 2 much offer (almoast every builder became a developer of land-thats why prices went so high before) and almoast no demand.. banks are "afraid" to lend monie (even if they are secured with morgage) since the price of land on market is not steady..many developers are under big loans with great interest and they cannot afford the tranche since sales are zero now.
some people who have money and want to buy or invest on land are on "defence" beacuse they expect a bigger fall of prices in 2010..

well we are not giving our property away!!
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Postby Doratis1980 » Thu Aug 06, 2009 3:08 pm

If you are not in a big need then you must be crazy to sell at this season!!! :lol:
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Postby baby-come-fly-with-me » Thu Aug 06, 2009 3:12 pm

Doratis1980 wrote:If you are not in a big need then you must be crazy to sell at this season!!! :lol:

crazy no! will be rented out and sell when the market is healthy, whenever that will be! one can only wonder :?
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Postby robgod » Thu Aug 06, 2009 3:12 pm

I was feeling quite positive that things would improve within 10 years - now i'm feeling depressed
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Postby baby-come-fly-with-me » Thu Aug 06, 2009 3:14 pm

robgod wrote:I was feeling quite positive that things would improve within 10 years - now i'm feeling depressed

no one can predict to be fair, if we could planning would easy and fun too!
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Postby Doratis1980 » Thu Aug 06, 2009 3:24 pm

true..appart from all we mentioned before the prices will be also affected and from the fact that we are near a solution (either through the plan that christofias and Tallat are preparing now or through de facto partition-if its rejected) of cyprus problem..
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Postby cyprusgeoff » Thu Aug 06, 2009 3:27 pm

don't hold your breath
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Postby baby-come-fly-with-me » Thu Aug 06, 2009 3:30 pm

cyprusgeoff wrote:don't hold your breath

Ive been holding mine for ruddy months now, its time already there were fast moving improvements so i can breath out!! its no wonder ive come down with pleurisy this week and taking tablets the size of my size 4 shoes! :cry:
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Postby CBBB » Thu Aug 06, 2009 3:46 pm

baby-come-fly-with-me wrote:
cyprusgeoff wrote:don't hold your breath

Ive been holding mine for ruddy months now, its time already there were fast moving improvements so i can breath out!! its no wonder ive come down with pleurisy this week and taking tablets the size of my size 4 shoes! :cry:


Isn't that what God said to Moses, "Keep taking the tablets"?
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