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All reports tagged with: "sterling"

Property and currency in the wake of Brexit

British expats living in Cyprus have seen a fall in the Euro/Sterling exchange rate in the wake of the BREXIT referendum and are finding that their UK pensions are not stretching as far as they had planned.

Under the mattress is just not safe enough!

THE PHRASES ‘toxic debt’ and ‘quantitative easing’ are now fashionable. What do they mean? The former means quarantining irredeemable bank debt to give banks breathing space so they can start lending again, and the latter means printing as much money as is needed to regenerate that lending. Hyperinflation or increased taxes to pay for it […]

Cyprus property sales down 50 per cent

PETER Paradisos, the marketing manager for Maispa Developers said property prices in Cyprus were falling steeply even though he didn’t have any official figures as yet. “I would say enquires and sales are down by 50 per cent. If you’re a good salesman you can close a deal on most enquiries, but if they aren’t […]

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