North Cyprus is unbeatable for value and long-term investment in Mediterranean region.
July 11, 2007 (Press Release) --
Property market in North Cyprus
North Cyprus is for Value:
North Cyprus is unbeatable for value and long-term investment in Mediterranean region.
Just 40 miles from the southern coast of Turkey, an area now so familiar to millions of British holidaymakers, the Turkish side of Cyprus comprises the northern third of the island and is generally agreed to possess the finest beaches, unspoilt scenery, and historic landmarks.
For many years, northern Cyprus lay virtually ignored by the outside world. Losing the bitter political dispute with the Greek side, it was branded an "illegal" state. Threats of legal action and other sanctions hung over those who visited or traded with the country, although in reality, nothing much came of it. And for those smart enough to ignore its uncertain diplomatic status, north Cyprus offered a cut-price paradise.
But now the barriers of the past 30 years are beginning to crumble. The Turkish Cypriots are reaping the rewards for voting "Yes" to the United Nations plan for a new federal republic in Cyprus. The EU has appointed liaison officers and the United States has opened a diplomatic office in the north. British MPs have recommended that direct flights, without a stopover in Turkey, be allowed into Ercan airport. As Turkey presses on with talks aimed at joining the EU, it is expected that a solution will be found to put an end to the disputes between the two sides.
A building boom has followed the change in the political climate. The number of Europeans buying homes in Northern Cyprus has increased dramatically - at least 6,000 Britons live there permanently. The British Residents' Society says the number is increasing all the time, with many young families now coming to what was traditionally a retirement venue. Northern Cyprus has become a magnet for those who want a Mediterranean lifestyle at an affordable price.
Property is the new buzz word for Northern Cyprus. While in the past this was one of the Mediterranean best kept secrets, the secret has got out and people from far and wide are turning their eyes to North Cyprus. The property market as of late has seen an upsurge in demand of people looking with interest towards the North Cyprus property market.
Some have reached the point in their lives when they are ready to retire but do not want to do so in their country for whatever reason. Others simply want to invest for their future and see many bright possibilities in the Northern Cyprus property market. But it is not just retirees and investors that are delving in to by North Cyprus property. There are also some who have grown worried about what has been happening in their countries and wish a brighter and safer future for their children.
North Cyprus is for Value:
North Cyprus is unbeatable for value and long-term investment in Mediterranean region.
Just 40 miles from the southern coast of Turkey, an area now so familiar to millions of British holidaymakers, the Turkish side of Cyprus comprises the northern third of the island and is generally agreed to possess the finest beaches, unspoilt scenery, and historic landmarks.
For many years, northern Cyprus lay virtually ignored by the outside world. Losing the bitter political dispute with the Greek side, it was branded an "illegal" state. Threats of legal action and other sanctions hung over those who visited or traded with the country, although in reality, nothing much came of it. And for those smart enough to ignore its uncertain diplomatic status, north Cyprus offered a cut-price paradise.
But now the barriers of the past 30 years are beginning to crumble. The Turkish Cypriots are reaping the rewards for voting "Yes" to the United Nations plan for a new federal republic in Cyprus. The EU has appointed liaison officers and the United States has opened a diplomatic office in the north. British MPs have recommended that direct flights, without a stopover in Turkey, be allowed into Ercan airport. As Turkey presses on with talks aimed at joining the EU, it is expected that a solution will be found to put an end to the disputes between the two sides.
A building boom has followed the change in the political climate. The number of Europeans buying homes in Northern Cyprus has increased dramatically - at least 6,000 Britons live there permanently. The British Residents' Society says the number is increasing all the time, with many young families now coming to what was traditionally a retirement venue. Northern Cyprus has become a magnet for those who want a Mediterranean lifestyle at an affordable price.
Property is the new buzz word for Northern Cyprus. While in the past this was one of the Mediterranean best kept secrets, the secret has got out and people from far and wide are turning their eyes to North Cyprus. The property market as of late has seen an upsurge in demand of people looking with interest towards the North Cyprus property market.
Some have reached the point in their lives when they are ready to retire but do not want to do so in their country for whatever reason. Others simply want to invest for their future and see many bright possibilities in the Northern Cyprus property market. But it is not just retirees and investors that are delving in to by North Cyprus property. There are also some who have grown worried about what has been happening in their countries and wish a brighter and safer future for their children.
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