Cyprus Property Buyers and the Euro

Many pundits said that property prices would go up in Cyprus on conversion to the Euro…….they were right….. but did they think it through and realise that it could happen this way?
It has been very easy to lose sight of what has been going on in the CYP/GBP/Euro triangle when many people have been focusing on the fix that was set way back in July for the Cyprus conversion to the Euro. The fix was one Euro = 0.585274 Cyprus Pounds.
Since then the GBP has slipped against the Cyprus Pound and the Euro. So what does it all mean for Cyprus property buyers?
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