Cyprus Bailout

[Veronica]

Originally Posted by Vegaanders

Hehe, She wrote in another thread that she is on pension so I think its safe

Me and my big mouth

I am a young age pensioner

[virgil]

Very, very interesting reading:

Cyprus ? the bailed-out president | Business | The Guardian

[Vegaanders]

Still this piece of writing is written of the one journalist that cant see any faults in the UK but see faults with everyone else

I dont agree that the economi is in free fall, the problem is the banks that is in free fall

And virgil, sorry but you need to read also some articles from the "other" side.

I dont defend any president or government but I am not one-eyed either

[virgil]

Originally Posted by Vegaanders

Still this piece of writing is written of the one journalist that cant see any faults in the UK but see faults with everyone else

I dont agree that the economi is in free fall, the problem is the banks that is in free fall

And virgil, sorry but you need to read also some articles from the "other" side.

I dont defend any president or government but I am not one-eyed either

I stated that the article was very interesting Anders, not that it was unbiased.

I have been around long enough to not believe anything I hear and only half of what I see.

[kempo23]

Originally Posted by Veronica

It is hard to feel sorry for the people of Greece as their problems have been caused by their laziness and their refusal to pay thier taxes. There is a large Greek community in Australia and many of them were being interviewed recently about the greek crisis. They said they have no sympathy for their fellow countrymen who refuse to do anything to help themselves, just moan and go on strike everytime the government makes any effort to sort out the problems.
It is Greece who has been the main cause of Cyprus problems but thank heavens Cyprus being such a small country and having the promise of the gas and oil in the future we will pull through this.
As Anders says though, the property market is suffering as it is very difficult to get mortgages these days so sellers have to rely on cash buyers. On the other hand though cash buyers are in a very strong position to get bargains.

But sellers are still looking for too much. Unless they lower their asking prices they will never sell. I have just returned from Cyprus after looking around for a property (I am a cash buyer), I was shocked to see the blinkered view people have on the property situation. Too many people are 'dreaming' about the gas find as though it is some sort of saviour. Listen to the experts, they say if it does happen (still an 'if') it will take at least 7 years before any benefit is seen.

[virgil]

Originally Posted by kempo23

But sellers are still looking for too much. Unless they lower their asking prices they will never sell. I have just returned from Cyprus after looking around for a property (I am a cash buyer), I was shocked to see the blinkered view people have on the property situation. Too many people are 'dreaming' about the gas find as though it is some sort of saviour. Listen to the experts, they say if it does happen (still an 'if') it will take at least 7 years before any benefit is seen.

But did you actually make any offers on property Kempo? an 'asking' price is just a guide usually.

I was 'asking' £325k for a property 12 months ago, but soon reduced it to £295k when I wasn't getting much interest

We all live in hope (and die in dispair)

[Veronica]

Originally Posted by kempo23

But sellers are still looking for too much. Unless they lower their asking prices they will never sell. I have just returned from Cyprus after looking around for a property (I am a cash buyer), I was shocked to see the blinkered view people have on the property situation. Too many people are 'dreaming' about the gas find as though it is some sort of saviour. Listen to the experts, they say if it does happen (still an 'if') it will take at least 7 years before any benefit is seen.

I agree that many sellers still want too much for their properties and we have to work hard to convince them that you can no longer expect to make a profit when selling a house. Most sales we have made in the past year or two we have had to work hard to convince the vendors to take offers well below their asking price, trying to make them seethat they could still be on the market for a long time if they are expecting profits. Most sales we make these days are cash buyers and we have to remind vendors that when they get an offer from a cash buyer they would be follish to let it slip through their fingers.

[Vegaanders]

Is it common that the sellers with houses on the market for long time let them out instead to wait for better times(which will be far away it seems) ?

[Veronica]

Originally Posted by Vegaanders

Is it common that the sellers with houses on the market for long time let them out instead to wait for better times(which will be far away it seems) ?

Not very often as most vendors are living in the properties and need the money to buy something else to live in.
If a property is a second home they might consider it.

[zin]

If you think being unable to register to vote is bad enough even though you've lived in Cyprus a long time, I went to the army with someone who lived all his life in Cyprus, but because he was born in the UK he was not allowed to vote. Had to serve his country for 26 months but didn't have a say on who ran it. Incredible.