Happy New Year!

Now that we have officially begun a new year and everyone is feeling refreshed and recovered after the holidays I am starting to get phone calls and some "hot prospects" through my website again thankfully...I was beginning to worry. As you may know, Cyprus adopted the Euro as of Jan. 1 (so did Malta) and all the articles in the Cyprus Mail newspaper and other local papers speak of almost nothing else from fake Euros to exchange rates to teaching the new currency and any other Euro topic you can think of. My personal experience so far has been that yes, prices have increased but that is only because many businesses have rounded up their prices rather than down. But, a few Euro here and few there add up and in some cases such as a "luna park" for children have changed the price per token from 50 Cyprus cents which equals about 85 cents and now it is 1 Euro which is about a 20% increase. The example I have given is on a small scale, but I waiting to see how this will affect property sales in Cyprus. Everyone said beforehand that they will increase...we'll see!