With the global economic recession, many claim that demand for rented housing in Cyprus is bound to decline. This is true, at least for the upcoming months.

It is indeed true that the number of tourists who will visit the beautiful island this summer may decrease as more people seek to spend their holidays in a cheaper destination. The recent article about Cyprus as the most affordable destination for a week long holiday can only help out but with the increasing costs of  fuels and the continuing struggles in the E.U. we can only be prepared for the more of the same downward trend. Therefore, the demand for rented villas (usually rented in the summer months by English, Russian and German tourists) is will fall. Although, Cypriots who live in the cities far from the sea, such as Nicosia are forecasted to keep renting holiday apartments closer to the shore. In addition to that, Agia Napa, the Cypriot “Ibiza”, will not be affected at all, and is already swarming with activity in the light of the resent opening of “Senor Frogs” and “Starsky’s”

Due to the economic recession times are very uncertain, and businesses choose not to invest. This is closely related to the developer’s industry, as less capital investment means less offices etc, and therefore less demand for property. However, due to the resent discovery of oil on the sea bed, many foreign experts will have to come to Cyprus on a regular basis, and may desire to relocate to Cyprus and seek a more permanent place to stay rather than paying for a hotel.

Lastly, a major factor to decrease demand for housing even lower is Turkey’s recent proposal to open up the Famagusta area, otherwise known as the Ghost town. Ever since the Turkish invasion, no one has ever stepped into the area, which was sealed off. Now, the Turkish government decided to let the refugees back into the city, promising to re-build it entirely. If this indeed does happen, hundreds of Cypriots will flock back to their homeland and reside in Famagusta. The houses they leave behind in other cities, therefore, are likely to be put up for sale or rent.

But what about owner occupied housing? It is highly likely that it will remain unaffected, as people remain in their property seeing that it is not a good time to invest into new housing. Very few, if any, might take advantage of the falling rented accommodation prices and swap into that market.

Many critics argue that with the current global recession, Cyprus is in a very risky position. Not only is the tourism industry, one of the main exporting services of the island is going to suffer great losses, the Greece crisis is also taking it’s toll on Cypriot banks and industries.<< MORE >>

Being a part of the Cyprus business class I understand that there are some issues that are troubling my particular profession that are being ignored and not taken seriously by anyone in the government. If these issues were taken care of then things can be much better not only for my profession but many other related fields and the whole country. So despite my lack of total understanding of Standards and Poor's system and how they evaluate and grade a country it seems to me they have to be right in downgrading Cyprus. << MORE >>

For the last hour or so my heart rate has been racing. My facebook page has apparently been hi-jacked! I am writing this post in the hopes that it will help me calm down and make me believe that I actually have some say so in the outcome and bring everything back to normal. This whole thing started when I emailed the<< MORE >>

On 15th of October they had their first meeting in the buffer zone. It was no violent protest – they just collected a bunch on armchairs, hung posters and played music, trying to emphasize the peace between two sides. Slowly, more sofas and armchairs came around, then a number of tables, a donation box and a mini kitchen. And finally, a decision was made to bring tents and camp in the buffer zone. “We’re doing this to show everyone that we can live together peacefully and that we do not need the UN to control us. The buffer zone represents a small united Cyprus if you like.”<< MORE >>

The occupy movement that is sweeping through many countries this year has found some movement in our divided capital. Although Cyprus is a small island we have our fair share of issues. Most Cypriots have not been really concerned with many of the issues that are in the headlines. The many previous attempts to reunite the island are played out like a soap opera with both sides going back and forth for decades and never finding a way for this small population of people coming together.<< MORE >>

Переезжать из одного места в другое всегда сложно, потому что надо оставить прошлое позади и привыкать к совершенно другой атмосфере. Трудно жить на Кипре если вы не ознакомлены с традициями и привычками людей живущих на этом маленьком острове. Вам надо иметь ввиду множество вещей если вы все-таки решитесь переехать туда. Для начала, подумайте над тем в каком городе вы хотите жить. В Ларнаке живет много англичан ибо там у них военная база – поэтому в этом городе большинство английских школ, клубов и так далее – те кто говорят по английски там не потеряются. << MORE >>

Q - Can you send me the name and all info about the place that looks after your dog in Paphos?


A -   Dogs mingle together but she has them separated by size in different rooms of her house. They are allowed to sleep on sofas, chairs, rugs, wherever they like. They are let out a few times a day to play in garden. She asked us for a deposit when we reserved a place. She's quite thorough and takes down all the info about them ie. what they like, microchip number, vet you use, vaccinations, etc. and asks you to sign a form saying it's okay to take them to Dr. Inna if they get sick - Dr. Inna is the Russian woman vet - very good with animals. Dr. Inna is an excellent vet and lives not too far from Susan. Lady's name is Susan. Email: snooze@cytanet.com.cy   I think it's called the "Barking Mad Hotel." Telephone: 99181502   Skype: snoozeincyprus

Paphos and Larnaca are British-loving towns; both with two English schools and British bases in Dekelia, anyone English speaking will easily find their way around there. Limassol is a more Russian dominated place<< MORE >>

This island has long been the holiday destination of choice for tourists from all over the world. The sun and the warm beaches are main factors yes, but there are so many additional reasons why you should consider Cyprus. You will definitely be returning to this sun kissed island paradise! Read on for more about the some good reasons why you should visit Cyprus...<< MORE >>