Is it the brits who now keep trnc going

jay76


Joined: 17/07/2008
Posts: 532

Message Posted:
06/01/2009 14:41

a lot of brits moving to thr trnc could be the reason trnc is still afloat.

or is it.



just a thought what do you think.

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
06/01/2009 14:46

hi jay and a lot moving back. 9 containers last year went back and only 4 came in. we do prop up the ecomomy abut at greatly inflated prices. they are outpricing themselves.x

Nunu1


Joined: 31/03/2008
Posts: 536

Message Posted:
06/01/2009 14:49

Jaz76 Certainly a valid point I think you have. Im not sure of the official number of Brits that live or own properties in North Cyprus.?



Im sure they have certainly added to the economy and growth over the last 5 years.



However, ONE of the main reasons for British going to N Cyprus is for a better quality of life, or rather cheaper cost of living, but this seems to have rapidly changed in the direction of higher cost of living. How the local Cypriots live I do not know.



nunu1

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
06/01/2009 15:07

nunu

they survive on all those goverment pensions.



as for the economy its turkey that keeps it going.

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
06/01/2009 15:09

If the Brits could actually sell their properties at the price they bought them for, then I would expect to see the Ercan departure lounge packed for the next 3 to 6 months.

JimmyG


Joined: 14/08/2008
Posts: 900

Message Posted:
06/01/2009 15:12

Jay76 - we flatter ourselves if we think that we do!! Certainly we contribute ,but we are not the reason TRNC is afloat - that's down to Turkey.

jay76


Joined: 17/07/2008
Posts: 532

Message Posted:
06/01/2009 15:13

How do we know that is still the case.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
06/01/2009 15:14

From what I've heard most of the 'brits' shop in the south. Depriving the northe of much required income.

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
06/01/2009 15:21

CJ...msg 5...a valid supposition.



I have been lucky...apartment finished on time,good builder,good solicitor ,pre-74 turkish title deeds (when I get my kocan and ptp !)....but there is so much uncertainty that if someone offered me my money back then I'd take it,and probably buy in Languedoc.

flowerfairy


Joined: 17/09/2008
Posts: 1277

Message Posted:
06/01/2009 15:48

Well, I think, if you look back at this country's history, Britain is one of the causes that they are in this situation.

I can't imagine what the poor locals think, everything has rocketed up in price

since the influx of us foreigners. How their children will ever afford to buy a property beats me.

These people survived before we got here, so what makes you think they wouldn't survive if we all left. Not that I would, I love it here, and am thankful that I am accepted on this lovely island.

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
06/01/2009 15:50

doyen

the reason we shop in the south is cost and quality.

for instance: during the recent bad weather neighbours roof blows off and flys accross our garden ripping off our outside tap.

hubby goes to local shop and buys two new ones.

to replace them as a pair.

they lasted all of two days before they split.

the quality is just not here and we don't have time to keep going over things time and time again.

also i do like the milk from the south,lol.

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
06/01/2009 15:56

Flowerfairy....msg 10....the way things are going I think there will be an abundance of available properties for sale!

The downturn in construction and the effects of rampant over-development will really take hold this year.

These could be sold cheaply to the young locals,because after all the land on which they stand probably cost peanuts,and Turkish labour is cheap !

skybluesam


Joined: 24/12/2008
Posts: 447

Message Posted:
06/01/2009 15:56

Hi Lilli,

are you sure the 9 containers were for a year?, I think maybe that was for last month.

BTW, A pleasure meeting you both at the races, even though you won more money than us!

Nick

jay76


Joined: 17/07/2008
Posts: 532

Message Posted:
06/01/2009 16:10

surly since the influx of us foreigners has made it a better way of life for tc's/place, creating more jobs (ie supermarkets, construction, and so on.

JimmyG


Joined: 14/08/2008
Posts: 900

Message Posted:
06/01/2009 16:23

Jay76 your post is so condescending to TC's that it belongs in the archives of the British Empire.

flowerfairy


Joined: 17/09/2008
Posts: 1277

Message Posted:
06/01/2009 16:27

Jay, not sure about that one,

I just love to see the men sitting outside the coffee shops, so relaxed and just enjoying playing their games or chatting. Also, the women having coffee with their neighbours on their terraces.

i wonder sometimes if they like seeing all the constructions going up around their island.

As for shops, supermarkets etc., I feel there are too many selling the same items for them all to survive.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
06/01/2009 16:41

Jay76

Obviously from your profile you do not live out here, maybe you holiday out here a couple of times a year but until you live out here and get to know the locals I do not think you understand what is going on. Locals are being priced out of the property market, Supermarkets, Banks etc are all trying to cater for the Brit expats that live here and prices reflect that. Believe it or not Banks are charging locals in the region of 25% interest on loans just so that they can pay expats circa 16% on their savings because as sure as eggs is eggs the locals have no savings.

If I have made the wrong assumptions about you in the above text then I apologize but it gets my goat up when people do not try to understand the people and the country that they supposedly want to live in.

AJ

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
06/01/2009 16:54

And what would be the situation today then, if we were to wind the clock back and ensure there was no influx of expats buying property either to live or have as holiday homes?

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
06/01/2009 16:59

hi skyblue i am sorry i meant to say 90 . it was lovely meeting you all. it was a lovely day. take care and see you soon xx

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
06/01/2009 17:00

sorry jay the amount of containers shoud read 90 not 9. xx

jay76


Joined: 17/07/2008
Posts: 532

Message Posted:
06/01/2009 17:01

AJ

That is just what im trying to do learn more about the way the country works, being the reason i joined this forum, i do have a holiday home there myself and yes i do only come out two or three times a year so no offence taken mate.

flowerfairy


Joined: 17/09/2008
Posts: 1277

Message Posted:
06/01/2009 17:10

Hector, that's the trouble, you can't wind the clock back.

I can only imagine the locals would be living their laid back lives, without all the materialistic temptations. Enjoying their families and their quality of life.

Which I believe is why we are all on this earth.

Another thing I love watching here are the children playing, they aren't stuck in front of a video, or have expensive toys, they make a game from the simplest of things.

I think what is happening not only here, but in many parts of the world is classed as progress.

Cypfan


Joined: 10/10/2008
Posts: 104

Message Posted:
06/01/2009 17:12

"a lot of brits moving to thr trnc could be the reason trnc is still afloat. or is it.

just a thought what do you think."



Foreigners a drop in the ocean, IMO. It's the longsuffering Turkish taxpayer who keeps this place afloat.

joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
06/01/2009 17:14

I really don't understand this attitude that we would all sell our properties if only we could get the price we paid. Do people really buy property abroad on a whim thinking they will make a killing but not consider that the undeveloped economy in these very cheap places will not see costs and prices rise as they become more developed to cater for the influx? I moved here because I love it here, the slower pace of life, the scenery, the people and I don't do my shopping in the South and nor do lots of people I know. Obviously this is a personal choice and do I respect everyone's right to make their choice. I know everything is not perfect but then that's why property is affordable.

Jo

PS I know of two properties that have sold very recently and both were at a very good profit. It just depends when you bought.

JimmyG


Joined: 14/08/2008
Posts: 900

Message Posted:
06/01/2009 17:19

Joanandjelly - I agree 100% with your sentiments

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
06/01/2009 17:21

My purpose was to retire next year and spend at least 6-9 months a year here. The current 'credit crunch' problems in the UK have now put my plans back another 2-3 years.

JimmyG


Joined: 14/08/2008
Posts: 900

Message Posted:
06/01/2009 17:30

No1 I think that there'll be many with similar aspirations whose plans are now 'on hold' but keep the faith and still hold on to the dream.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
06/01/2009 17:35

I'm holding Jimmy, I'm holding......

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
06/01/2009 17:38

I bought my apartment as a holiday home and hope to use it for many years. I will not be a drain on the economy, quite the reverse. I would just like the security of having the kocan, having paid the builder and all taxes owed. Luvly jubbly. Not to much to ask is it? Instead I have been refused PTP (my estate agent thinks it's because of the Turkish title), I won't be making the final payment to the builder or paying the taxes. Am I shouting the praises of NC from the rooftops? I think not.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
06/01/2009 17:39

Sorry to hear that Hector. Do you have the right of Appeal?

Nunu1


Joined: 31/03/2008
Posts: 536

Message Posted:
06/01/2009 17:40

No1Doyen, Im in a similar situation with regards the credit crunch. This has set me back financially..................



My plans were to move to TRNC back in July 2008 but, because of delays with my property being completed there in TRNC I was unable to. Now my whole plan has backfired and scuppered me..



nunu1

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
06/01/2009 17:40

hi f.f. i gree with you regarding the children playing safely without material things until they reach driving age and get the bmws mercs and top of the range mobiles and sound systems in thier new cars that would buy a house. plus now most have thier own homes at that age without doing a days work. how are you xxx

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
06/01/2009 17:46

joandjelly......I tend to agree with your sentiments.

However,I must point out that I didn't buy here as a speculative investment expecting to make money.....only someone foolish enough to believe estate agents would have done that !

But I certainly didn't buy here expecting to lose money either.

I don't need to sell,and I won't be selling in the near future.

I too have an affection for Northern Cyprus,but the rising cost of getting there and living whilst over,the political uncertainty,and the seeming indifference of the TRNC authorities is enough to make anyone think twice !

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
06/01/2009 17:51

Strangely enough having been verbally told I'd been refused when I visited the PTP office and that there was no way to appeal... I saw on this very forum only the other day, that you could email the PTP office to check on your application. I did that and got the following response.

DEAR SIR



I WOULD LIKE TO INFORM YOU ABOUT YOUR PTP APPLICATION NUMBERED xxxx/2005,ACCORDING TO THE INFORMATION OBTAINED FROM THE INTERIOR MINISTRY YOUR FILE HAS RECEIVED A MILITARY REFUSAL. PLEASE INFORM YOUR SOLICITOR AND CONTACT THE RELEVANT OFFICE IN ORDER TO APPLY FOR A RECONSIDERATION OF THE FILE.



PRPOERTY INFORMATION OFFICE

TRNC PRIME MINISTRY

The final sentence re 'reconsideration of the file' interested me. I asked my Estate Agent who submitted my original PTP for 'only' £500 to reapply for reconsideration. He is of the 'whats the point' mindset but nothing ventured nothing gained as they say. It's the first time I'd heard of the reconsideration angle. So thank you to this forum.

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
06/01/2009 17:56

Hector....I sincerely hope you have some luck pursuing this other avenue,but the sceptic in me thinks that this may be just another cul-de-sac which generates further fees for certain bodies whilst only delaying the inevitable.





By the way....are you on Esdeger , TMD , or Pre-74 Turkish Title ?

flowerfairy


Joined: 17/09/2008
Posts: 1277

Message Posted:
06/01/2009 18:06

Poor Hector,

did they not give a reason why you were not granted your PTB???

Is your appartment near a military site?

I presume that all the other purchasers will also be refused, I wonder if any of the others have been refused before you.



Lilli, I don't know why, but I think a lot of the fast flash car drivers are from the mainland. Maybe I'm wrong assuming this.

BTW, thankyou I'm fine, hope you are too, xx

JimmyG


Joined: 14/08/2008
Posts: 900

Message Posted:
06/01/2009 18:09

Hi Lillie....Re Msg 32 - It may be that the TC's & their children with whom you associate have those luxuries but it certainly is not the case that they are in the majority.

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
06/01/2009 18:15

The powers that be don't give a reason for refusing PTP. I am however, in a double whammy situation, near an army camp (nothing secret, new joiners training camp & see Google maps) and on Pre 74 Turkish title. So either or both. Most of the other owners are TC. One other english owner has yet to visit in 3 years! So yet to meet. At least they pay towards the maintenance which certain TC owners don't. As far as I know there is no charge to resubmit the application. Knowing what I know now, I would have submitted the original PTP application myself (it is only a simple form) and saved £500.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
06/01/2009 18:19

I wish you the best of luck Hector. Very worrying times for you.

Pasha


Joined: 05/01/2009
Posts: 7

Message Posted:
06/01/2009 18:20

Brits are important to trnc in some respects, especially regarding the property market and service industry. However, to say they are what keeps the trnc is going is an exaggeration. In terms of investment, job creation and local industry it is still and always will be Turkey which keeps the trnc going.

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
06/01/2009 18:28

in langedoc, france, the prices are much higher than in kktc - you will never get a villa on the sea side with swimming pool for the price you paid in kktc unless you go deep inside the land where and you will have to pay taxes - in france, gouvernment do not forget you !!! euro zone with a weak sterling !!! my advice, stay in cyprus !!! i am french, live in france and share my tme in KKTC

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
06/01/2009 18:32

Hi Sylvie....yes I appreciate that my apartment would cost me at least twice as much in Languedoc,.....but at least it woud definitely be MINE !......haha



Thanks for your comments....it's good to have some non-Brit input .

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
06/01/2009 18:32

the problem ins not only in KKTC crisis is everywhere, our children, english, french, cypriots will never the opportunities we had - they will adapt because they are young, it will be harder for us !!!

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
06/01/2009 18:39

cronos,



before buying in kktc i beleive that you have question yourself and the others - you most probably knew about the kocan situation, or the builders problem - if you had a doubt why did you built in kktc - believe me it is not so bad !! france make some people dream when they come to holidays , french life is not only wine and camembert !!! enjoy your life in kktc !

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
06/01/2009 18:43

cronos,



re you mess - turkish labour is cheap -



no, legal turkish worker get the same money than cypriots - it use to be cheap when lots of illegal workers were there and los of work ! not fair for them only the best one stayed today and they are paid normally !!!

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
06/01/2009 18:50

Sorry Sylvie.....I meant to say cheap compared to the UK.

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
06/01/2009 18:53

CRONOS



that's better ! anyway i don't want to be rabat-joie , france is still a nice country !!! but Ncyprus is so ........... nice too !!!!

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
06/01/2009 18:54

Rabat-joie?.......Killjoy ?

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
06/01/2009 19:37

hector

your problem is the near army base issue not the title.

of course your estate agent would say it was the turkish title not that he sold you something he knew you wouldn't get ptp for.

i will find out if you can get some sort of re consideration, give me a couple of days.

i think possibly not because its an army issue, but i can ask anyway.

newscoop


Joined: 23/12/2007
Posts: 2197

Message Posted:
06/01/2009 19:53

Alsancakjack; back in 1999 when the banks were paying 45% and more interest, if you`re to be believed they were doing it for the benefit of the 300 or so Brits who lived here.



Doesn`t compute does it?

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
06/01/2009 19:59

yes if kill-joy means something in english !

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
06/01/2009 20:30

RE msg 11, fire_starter : (...) the reason we shop in the south is cost and quality. (...)



===Go away and live your quality life there then, I'd say







Please keep on topic dutchcrusader

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
06/01/2009 20:44

nobody give a t-ss what you think or say anyway, least of all me.



i have no problems with shopping in the south and neither do my turkish cypriot friends but then i don't live on the so called exchange land.

MsGarnet


Joined: 04/01/2009
Posts: 989

Message Posted:
06/01/2009 20:44

cronos - Msg 9



I am not sure relocating to Languedoc would be an answer, due to the financial crisis that now obtains pretty much globally, and the new legislation demanding non-French European Union citizens take out private health insurance; add to that, the fact of the pound having near-parity with the euro, 2009 looks set to be the year of the great British exodus from France......

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
06/01/2009 20:50

fire starter

With regards PTP, the estate agent & the army camp, I think you are right. Any assistance is gratefully received. It was the email from the Ministry that says apply for reconsideration.

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
06/01/2009 21:23

hector

give me an email at sharpeisara@hotmail.com

then we can chat in private.

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
06/01/2009 21:42

Msgarnet...msg 54

I'm sure you are right.

We considered Languedoc in France,and Costa de la Luz in Spain before settling on N.Cyprus......and rightly or wrongly the deciding factor was price.

Your info about the global recession and France in particular may mean that property there is now more affordable and finally within my grasp !

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
06/01/2009 22:42

CRONOS,



nice areas are still expensive where ever it is in france, central cities, ouest and south cost for the sea, east for the mountains and then, you have places away from everythings which might go down but , is there any buyers actually ? northern coast is already full of english people who bought walls very expensive for the french and cheap for english - what about now if the want to sell, only english would have buy - what about now with the weak pound !

kaiserphil


Joined: 14/12/2008
Posts: 1096

Message Posted:
06/01/2009 22:54

Sylvie, I often wonder what would have happened to me if I had followed my heart a few years ago and headed for a lovely little village in the Gers, La Romieu? A beautiful area, I fell completely in love with it!



And ended up in TRNC, for various reasons. However, I am now in Germany and have met the love of my life. Maybe I can persuade her to move to La Gascoigne?

kaiserphil


Joined: 14/12/2008
Posts: 1096

Message Posted:
06/01/2009 22:57

Sylvie, sorry, messed up the spelling of Gascony! Must brush up my French!

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
06/01/2009 23:13

newscoop

Ref your message 50

With due respect I am not talking about 1999, anyone can pluck data from the past. What I have seen with my 'interest' in the local banking system is a marked increase in most banks trying to grab expat's money. One bank in particular that I will not name here has been opening up offices in the TRNC on a regular basis and purely aimed at expats and offering a higher rate of interest on savings than most other banks. I see this as a recipe for disaster and unless expats start to look at investing their money at lower rates of interest and in tandem locals being offered lower rates for loans etc then we will all be agents of our own misfortune.

AJ

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
06/01/2009 23:29

HAPPINESS IS EVERYWHERE ! there is, not ideal country to my point of view, la gascogne is a lovely area, i know it and the food !!!!

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
06/01/2009 23:42

Jay

Ref message 21

Good on you and if you try to immerse your self in the local culture then you will find that any TC friends you make will make the difference between getting problems sorted out or not.

Where is your home situated?

You can e-mail me off board if need be.

AJ

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
06/01/2009 23:49

hi jimmy i agre wit you but they not the minotity either

jay76


Joined: 17/07/2008
Posts: 532

Message Posted:
07/01/2009 00:07

alsancak and a very nice place to, very happy with the villa. AJ appreciate your advice very helpfull.



cheers

jay76

newscoop


Joined: 23/12/2007
Posts: 2197

Message Posted:
07/01/2009 00:17

AJ; you should always take note of historical precedent, one of the main causes of 1999 was too much credit and not enough liquidity to fund that credit. I suggest you peruse the Turkish dailies and take note of the 3 and 5 year interest free loans available on a wide range of goods including cars. Those loans as in 1999 are being enthusiastically hoovered up by the locals, there is your true recipe for disaster.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
07/01/2009 01:10

newscoop

Not sure what relevance interest free loans in Turkey have to do with the banking situation in the TRNC but I am as ever always willing to learn. As far as I know there is no such thing as interest free loans in the TRNC. But I stand to be corrected. One thing for sure is that anyone that goes for the highest interest rates on savings in the TRNC is likely to come a cropper before too long. It is only a matter of time before the collapse in the world economy catches up with Turkey and the TRNC.

AJ

newscoop


Joined: 23/12/2007
Posts: 2197

Message Posted:
07/01/2009 10:27

AJ; Stop being obtuse! I meant the Turkish Cypriot daily papers.

If you get an interest free loan at a car dealer then who is actually funding that loan?

It can only be the banks or to put it another way, the bank customers.