Investment in properties abroad offers investors opportunities that domestic property simply cannot, and North Cyprus, where property is purchased in Sterling, not the hefty Euro, and where property prices are between a half and a third less than those in the rest of the island, is an emerging market for property investors that is quickly rising in profile.
The revived diplomatic attempts to bring an end to the division of the island have already influenced property prices, and the optimism, both international and domestic, that has surrounded the political leaders attempts is in stark contrast to the entrenched pessimism that cloaked both sides of the Green Line – the border that runs between North Cyprus and the rest of the island – during the stalled Annan plan. Reunification talks between North Cyprus’ Mehmet Ali Talat and the Greek Cypriot Demetris Christofias have been underway since September the third of this year. North Cyprus has been separate from the Republic since declaring its independence in the 1983, following the Turkish invasion and partition of the Northern most part of the island in 1974; a direct military response to a coup d’
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