Nikitas wrote:There is a glut of holiday properties in Spain, over 300 000 dwelling are unsold. Nearer to the UK, no title problems, cheaper too. So why would anyone sink more money into real property anywhere in the Med at this time!!!
Aint life a MF!
Because there are many lazy bums, aka developers et al., who take advantage of corrupted politicians to make an easy profit.
Cyprus should move towards a more self-sufficient economy, by increasing production and exports, and subsequently decreasing imports. If you pay a visit to a local supermarket you will encounter hundreds of imported food products, like beer, cheese, biscuits, fruits, etc. We even import wine from Spain and olive oil from Greece!