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Cyprus Property BOOM ...

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Re: Cyprus Property BOOM ...

Postby repulsewarrior » Fri May 03, 2013 2:11 am

...it is natural, the price is about the same in Canada (they must be able to produce new employment too), question is if their lives are successful here will they appreciate the value of being Cypriot, this depends on the population, if they demonstrate the same Universal values, and the same commitment to Cyprus, rather than a "Greekness" or "Turkishness", even if they are Greek or Turkish (or Chinese), Individuals, Citizens, Cypriots.
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Re: Cyprus Property BOOM ...

Postby Milo » Fri May 03, 2013 10:33 am

A certain developer bought a lot of half finished projects to finish them to sell to the Chinese. Since then this same developer has fallen out of favour big style with the Chinese when they realised they were being ripped off. In fact there has been a huge bust up in their offices with Chinese agents which resulted in the police being called.

The dept of land and surveys shows that in 2007 over 11,000 properties were sold to Foriegn buyers, by last year 2012 only 1400 were sold the first quarter of 2013 shows even bigger drops in Foriegn property sales.

http://www.news.cyprus-property-buyers. ... id=0014562

Overseas sales in Cyprus have fallen 45% from this time last year.

Buyers from China are now being ‘encouraged’ to buy property on the island. But it will not be very long before they too turn their backs on Cyprus.

We already know from two independent sources that a number of Chinese buyers have complained of being cheated by at least two developers operating in the Paphos area. Will they never learn?
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Re: Cyprus Property BOOM ...

Postby GreekIslandGirl » Fri May 03, 2013 2:53 pm

Would like to know what evidence you have that the Chinese are being "encouraged" to buy in Cyprus - other than the usual visits abroad that most politicians do to encourage trade. In fact, the terms whereby they can buy seem quite restrictive.

I think those quoted figures are for new development sales - that's bound to peak and slow down from the peak in 2007 which saw some 53% going to foreign buyers; in 2012 it was over 23% which is still phenomenally high for such diminishing resources in a small island.

It would be interesting to see the figures for the resale/resell market as I know my friends - who met with no luck in having an offer accepted and are having to come back with more realistic expectations on making good offers - were looking for older properties - not new.
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Re: Cyprus Property BOOM ...

Postby apc2010 » Fri May 03, 2013 3:38 pm

GreekIslandGirl wrote:Would like to know what evidence you have that the Chinese are being "encouraged" to buy in Cyprus - other than the usual visits abroad that most politicians do to encourage trade. In fact, the terms whereby they can buy seem quite restrictive.

I think those quoted figures are for new development sales - that's bound to peak and slow down from the peak in 2007 which saw some 53% going to foreign buyers; in 2012 it was over 23% which is still phenomenally high for such diminishing resources in a small island.

It would be interesting to see the figures for the resale/resell market as I know my friends - who met with no luck in having an offer accepted and are having to come back with more realistic expectations on making good offers - were looking for older properties - not new.


Because you do not live here ,,,,,,,,,,,,you will not have seen all the advertising signs in chinese.......
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Re: Cyprus Property BOOM ...

Postby cyprusgrump » Fri May 03, 2013 4:29 pm

apc2010 wrote:
GreekIslandGirl wrote:Would like to know what evidence you have that the Chinese are being "encouraged" to buy in Cyprus - other than the usual visits abroad that most politicians do to encourage trade. In fact, the terms whereby they can buy seem quite restrictive.

I think those quoted figures are for new development sales - that's bound to peak and slow down from the peak in 2007 which saw some 53% going to foreign buyers; in 2012 it was over 23% which is still phenomenally high for such diminishing resources in a small island.

It would be interesting to see the figures for the resale/resell market as I know my friends - who met with no luck in having an offer accepted and are having to come back with more realistic expectations on making good offers - were looking for older properties - not new.


Because you do not live here ,,,,,,,,,,,,you will not have seen all the advertising signs in chinese.......


No Apey, those idiot developers have just put up hundreds of signs at the side of the road on the off-chance that a Chinaman drives past.... :lol: :lol: :lol:
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Re: Cyprus Property BOOM ...

Postby CBBB » Fri May 03, 2013 4:39 pm

cyprusgrump wrote:
apc2010 wrote:
GreekIslandGirl wrote:Would like to know what evidence you have that the Chinese are being "encouraged" to buy in Cyprus - other than the usual visits abroad that most politicians do to encourage trade. In fact, the terms whereby they can buy seem quite restrictive.

I think those quoted figures are for new development sales - that's bound to peak and slow down from the peak in 2007 which saw some 53% going to foreign buyers; in 2012 it was over 23% which is still phenomenally high for such diminishing resources in a small island.

It would be interesting to see the figures for the resale/resell market as I know my friends - who met with no luck in having an offer accepted and are having to come back with more realistic expectations on making good offers - were looking for older properties - not new.


Because you do not live here ,,,,,,,,,,,,you will not have seen all the advertising signs in chinese.......


No Apey, those idiot developers have just put up hundreds of signs at the side of the road on the off-chance that a Chinaman drives past.... :lol: :lol: :lol:


But with our bright sunlight the slitty-eyed little buggers will probably not see them!
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Re: Cyprus Property BOOM ...

Postby cyprusgrump » Fri May 03, 2013 4:40 pm

CBBB wrote:
cyprusgrump wrote:
apc2010 wrote:
GreekIslandGirl wrote:Would like to know what evidence you have that the Chinese are being "encouraged" to buy in Cyprus - other than the usual visits abroad that most politicians do to encourage trade. In fact, the terms whereby they can buy seem quite restrictive.

I think those quoted figures are for new development sales - that's bound to peak and slow down from the peak in 2007 which saw some 53% going to foreign buyers; in 2012 it was over 23% which is still phenomenally high for such diminishing resources in a small island.

It would be interesting to see the figures for the resale/resell market as I know my friends - who met with no luck in having an offer accepted and are having to come back with more realistic expectations on making good offers - were looking for older properties - not new.


Because you do not live here ,,,,,,,,,,,,you will not have seen all the advertising signs in chinese.......


No Apey, those idiot developers have just put up hundreds of signs at the side of the road on the off-chance that a Chinaman drives past.... :lol: :lol: :lol:


But with our bright sunlight the slitty-eyed little buggers will probably not see them!


:lol: :lol: :lol:
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Re: Cyprus Property BOOM ...

Postby repulsewarrior » Fri May 03, 2013 5:03 pm

...too easy, not funny, if you are Cypriots, you do not call "them" slitty eyed buggers, sorry, greasy (theiving) "Greek" i have enough of a hard time dealing with without engouraging others to do more of the same (to me).

...motive is a big issue, if people immigrate to Cyprus, participate in its growth with their own energy enriching this island and its dwellers, pay taxes, and speak well of this experience, it is what Cyprus cannot avoid, it is what Cyprus needs. we moan about 'meritocracy', and act accordingly or not. think about it.

...the population of Cyprus is about 12.4 million, whether in 80 years (climate change, peace in the Middle East, e.g.), or in 200 years with (near) natural changes to the demographics, one thing is for sure, changes must be made, and there is a necessity to think in the longer run, so that the most can be made of the opportunities the Modern Age, and now, the Information Age, brings us.
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Re: Cyprus Property BOOM ...

Postby GreekIslandGirl » Fri May 03, 2013 8:31 pm

apc2010 wrote:
GreekIslandGirl wrote:Would like to know what evidence you have that the Chinese are being "encouraged" to buy in Cyprus - other than the usual visits abroad that most politicians do to encourage trade. In fact, the terms whereby they can buy seem quite restrictive.

I think those quoted figures are for new development sales - that's bound to peak and slow down from the peak in 2007 which saw some 53% going to foreign buyers; in 2012 it was over 23% which is still phenomenally high for such diminishing resources in a small island.

It would be interesting to see the figures for the resale/resell market as I know my friends - who met with no luck in having an offer accepted and are having to come back with more realistic expectations on making good offers - were looking for older properties - not new.


Because you do not live here ,,,,,,,,,,,,you will not have seen all the advertising signs in chinese.......


Sorry, can't read Chinese. Can the people in China see them in Cyprus? My question was what is Cyprus doing to "encourage" Chinese over - not what is available to see once they are already here.

http://www.guardian.co.uk/world/2013/fe ... rty-buyers
Last edited by GreekIslandGirl on Fri May 03, 2013 8:42 pm, edited 1 time in total.
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Re: Cyprus Property BOOM ...

Postby cyprusgrump » Fri May 03, 2013 8:42 pm

GreekIslandGirl wrote:
apc2010 wrote:
GreekIslandGirl wrote:Would like to know what evidence you have that the Chinese are being "encouraged" to buy in Cyprus - other than the usual visits abroad that most politicians do to encourage trade. In fact, the terms whereby they can buy seem quite restrictive.

I think those quoted figures are for new development sales - that's bound to peak and slow down from the peak in 2007 which saw some 53% going to foreign buyers; in 2012 it was over 23% which is still phenomenally high for such diminishing resources in a small island.

It would be interesting to see the figures for the resale/resell market as I know my friends - who met with no luck in having an offer accepted and are having to come back with more realistic expectations on making good offers - were looking for older properties - not new.


Because you do not live here ,,,,,,,,,,,,you will not have seen all the advertising signs in chinese.......


Sorry, can't read Chinese. Can the people in China see them in Cyprus?

http://www.guardian.co.uk/world/2013/fe ... rty-buyers


Aaahh... did you think they were all menus from the local take-away...? Image

Set meal for one - €300,000 :lol:
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