Property and Reunification

perry


Joined: 27/01/2007
Posts: 413

Message Posted:
05/09/2008 16:11

Just got this from aboutproperty.co.uk - thought it would be of interest to fellow owners - and in these tough times can put a smile on all of our faces...!



Cyprus teeters on property boom brink

Friday, 05 Sep 2008 10:31

Cyprus teeters on property boom brink Printer friendly version

Cyprus could be the location for the next global property boom, according to Property International.



This week the two sides of the divided island meet for the first of a series of United Nations sponsored peace talks, aimed at reuniting the islands.



While such talks have taken place before there is a general air of optimism this time, with Demetris Christofias, president of the Republic of Cyprus, and Mehmet Ali Talat, the Turkish leader in the north, in agreement about a shared future.



Following election on a pro-unification ticket there is hope Christofias can secure a breakthrough at the talks, which are taking place in the no-man's land which separates the two halves of the island.



Ever-opportunistic property developers should now be looking at the islands, according to investment specialists Property International.



"Following two hour talks between Cyprus President, Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat yesterday, the news that they hope to come to an agreement hopefully by the end of this year, is very promising," said Russell Price, director of Property International.



"With steps towards reunification ever closer, this looks set to fuel the country’s economy as well as boosting the Cypriot property and tourism market.



"Mehmet Ali Talat said that he was confident in concluding a comprehensive agreement as soon as possible and for this reason I believe that now is definitely the time to invest.



"Buying a property in North Cyprus before unification will be extremely advantageous to property investors."



Cyprus was divided in 1974, following a period of violence between Greek Cypriots and Turkish Cypriots and an attempted Greek Cypriot coup d'état aimed at annexing the island to Greece.



Turkey invaded and occupied one-third of the island and has controlled the territory, against international wishes since.



"Property prices will be given a substantial boost, as tourist levels are set to rise further, and getting to the country will become more accessible by way of direct flights into Ercan Airport in North Cyprus," continued Mr Price.



"The cost of living in Cyprus is significantly lower than in the UK, and both property prices and rental yields are set to soar as further steps towards reunification of the island are made."



Chris O'Toole

robin hood


Joined: 26/05/2008
Posts: 238

Message Posted:
05/09/2008 16:45

A lot of people are realising that it's a "done deal". Talat is between a rock and a hard Greek. Mother Turkey refuses to pay the wayward child's pocket money and the source of toys must be secured. What type of title to invest in? The bulletin chooses not to mention.Muddy waters indeed.

dodger



Joined: 29/07/2007
Posts: 1895

Message Posted:
05/09/2008 16:54

Perry,

Lots off twists and turns to come lets see what happens on the eleventh and beyond,

Paul.

PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
05/09/2008 17:28

Perry,



Trouble is that article has been written to order for estate agents.

perry


Joined: 27/01/2007
Posts: 413

Message Posted:
05/09/2008 17:40

True enough point PP - I guess we all have to now wait and see...

frontalman



Joined: 28/02/2008
Posts: 499

Message Posted:
05/09/2008 19:22

"Perry,

Trouble is that article has been written to order for estate agents."



and they are as fixed and deluded in their ways as you are!

perry


Joined: 27/01/2007
Posts: 413

Message Posted:
05/09/2008 19:25

Frontalman - was that comment for me or PP ???

PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
05/09/2008 20:49

frontal,



But you know I'm right, don't you?

windmill


Joined: 06/07/2008
Posts: 143

Message Posted:
05/09/2008 21:06

FRONTALMAN,please dont wind pike up,otherwise dipstick will never leave

We all know pike is right,he really is the greatest,all clap pike,he is so clever,



Well done pike

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
05/09/2008 21:53

Got to agree with Pikey,



The property industry is probably about to sink under its own stupidity so they bring out an article to tell people to "buy now" before deal is agreed.



Anyone who follows that guidance needs to be put in a straight jacket and given a lobotomy.

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
05/09/2008 22:27

The Dutch solution to the Cyprob: I sell my land to the Greek Cypriot who owned it and my villa to a Brit. Everybody happy.

Aussie


Joined: 17/06/2007
Posts: 657

Message Posted:
06/09/2008 01:17

I can't see how settlement would be anything other than negative for property prices in the South in the short term as effectively many buyers who would not have considered buying in the North before will look there after settlement. It seems a lot of the best areas are in the North anyway and with existing prices substantially lower you would think logically prices in the North would go up and in the South come down until some sort of logical balance is reached taking into account the various pluses and minuses of each location.



As someone who previously worked in the property finance and development industry for a long time if you ask any major developer what would happen if a large additional supply of property come onto the market at once they would say it would have the overall effect of depressing prices.



If I were a large developer in the ROC I would pay money to lobby etc to ensure settlement didn't occur to avoid the damage to my business (unless of course I had previously secured control of development land in the North)



Aussie

perry


Joined: 27/01/2007
Posts: 413

Message Posted:
06/09/2008 12:25

Hey this was an article from a general property website - if you bother to take a look at the web site itself, you will see it has many articles including 'the continued property crisis in spain', the slump of Fannie Mae and Freddie Mac (US Securitised mortgages), and could just have easily been slating N Cyprus with stories of AGA etc.... The web site looks at properties worldwide and gives articles and views.

We all know the articles are usually full of negativity against N Cyprus (TV programs, press reports etc). It was good to see some positive press for a change - whether the settlement is successful or not.

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
06/09/2008 12:57

thought i read some where that it was one of the conditions of turkey entrance into the e.u. that settle the re-unification problem.considering how eager the turks areto get into the e.u. you would have thought they would be moving alittle faster than they are.

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
08/09/2008 08:06

aussie, from what i understand with the financial global situation property prices in the south are already dropping. lots of empty property. lots of rentals are not let. i think the credit crunch will affect everyone.

Aussie


Joined: 17/06/2007
Posts: 657

Message Posted:
08/09/2008 14:46

Fire Starter



I agree from adverts and things I have seen property wasn't particularly good value in the South for a long time, especially now prices are falling rapidly elsewhere such as in Spain etc.



I remember for some time doubt has been cast on some of the property numbers quoted in the South indicating prices were still rising. I think they were more or less ignoring resales and with a comparatively few higher value developments were making it seem things were going better than they really are. I guess agents were trying to say the same things here over the last few years and you need to take it with a grain of salt.





I am sure life for property developers through most of the region will be tough over the next 2-3 years.



Aussie

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
08/09/2008 15:38

hi all.....on the t.v.this morning one of the big financial organisations was saying they expect these problems to carry on till 2010, dont look to good for property prices at all.my mate is trying to sell his late aunts property and it has dropped £5000 in the last 2 months.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
08/09/2008 15:57

nice to see you agree with pike windmill!!! he IS always right!!



Except when he's wrong! :]

frontalman



Joined: 28/02/2008
Posts: 499

Message Posted:
08/09/2008 16:50

Sorry, Perry, it was for Pikey, just used his quote - should have removed your name.



Pikey, I don't think you're right at all. I think you're blinkered, biased and full of guff!

PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
08/09/2008 17:36

But Frontal, that's what people always say when they are in your position. It doesn't stop me from still occupying the legal and moral high ground.

ataturk


Joined: 09/09/2008
Posts: 712

Message Posted:
09/09/2008 22:18

Sorry to put a spanner in the works but its common knowledge that this governmanet wont last the next election and this is obiviously the reason for Mr talats haste in finding a solution however the greek govt has stressed that they do not envisage a solution within the next year. My belief is that they do not want a solution and would prefer the previous govt so that they are not forced into a solution and can find excuses so as to delay the peace process.

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
10/09/2008 03:34

Coachie

I don't think Turkey needs E.U. so much. They are a proud people

and developing fast. Self-sufficient in food with scope for export.

Better off out of it maybe?

andre 514


Joined: 31/03/2008
Posts: 1163

Message Posted:
10/09/2008 04:43

ref: message 21



international agency wires are buzzing with the news that pike is

"occupying the legal and moral high ground"



at his upper galilee, palestine workshop a mr j.c. told our reporter:

"private pike beggars belief, I started small, you know,

water into wine and takeway fish dinners

but this guy heralds peace for a whole country

hey maggs, if I was a carpenter would you marry me anyway?"



from cape town south africa, nelson mandela writes:

"if I'd known about this earlier,

I wouldn't have been so chuffed

to spend twentyseven years breaking rocks"



meanwhile reports are coming in of mass falling off of chairs

at numerous dinner parties in the home counties,

while drinkers in kyrenia are sliding from bar stools on to the floor

after only ten glasses of effes



mary poppins is said to have dumped the kids with a childminder

while she meets with her travel agent for the best late deal

from luton airport to larnaca



casino owners in north cyrus wait with trepidation

for pike to tuf out the roulette wheels and change-givers

turning their premises into eco-friendly pan-helenic culture palaces

and son et lumiere museums of the oppression of the greek cypriots



meanwhile a huge circular starship now darkens the sky

over the largest town of the hot and dusty island of cyprus

and a step ladder has been let down...

while a green alien crature waving a european union passport

in its tentacled hand, has just dismounted from the craft

and from the square metal box on its chest a robotic voice intones:

"we come in peace and for security, guarantees and the land issue:

this chap's a dose of salts, take me to your eric"



steven spielberg is thought to be negociating for the film rights



andre

MaggieAndBernie



Joined: 26/07/2008
Posts: 2012

Message Posted:
10/09/2008 05:34

Absolutely brilliant Andre! (but two effs in efes? ....you'll be in deep effin s**t for that I'll bet!) lol

Maggie

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
10/09/2008 06:34

ataturk, i agree but i think mr t is just out for the glory. name in history books ect. out of all my tc friends not one person has anything good to say about him, or this goverment. they just don't trust them. personnaly i think mr t is okay but as for his politics thats a different matter. as ataturk can you confirm what i have been told that mr t is not tc or turkish but of armenian decent?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
10/09/2008 08:54

Andre, Very good indeed!.



PP thinks that just because he has mounted the peak of arrogance, he holds the moral high ground! That is what I call delusional!



Frankly......Its all Greek to me.



wyn

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
10/09/2008 10:57

Like it andre - I have no poblem with PP debating but I do detest his continued assertion that he holds the moral high ground.

ataturk


Joined: 09/09/2008
Posts: 712

Message Posted:
18/09/2008 22:42

Firestarter not sure where he is really from but I dont think it makes too much difference. Its how you feel about your country that counts. I was born in the UK but I would consider myself Turkish Cypriot and patriotic. Although I am not comfortable with the Mr T I would never make up commets about him but I feel that this maybe be gossip from people who may oppose him.