Remember Me
forgot your password?

Investment Properties in Northern Cyprus: The Right Time and the Right Place

Buying investment property in the right place might just be the solution to our economic woes, according to some overseas property experts. With property prices in the UK and much of Europe now falling or, at the best, stagnating, property investors are looking toward emerging property markets where values are appreciating. North Cyprus has a property market that has been condensed by the restriction on trade and transport links that have been in place since the conflict of 1974, a conflict which saw Turkey claim the Northern third of the island as the de facto state of the Turkish Republic of North Cyprus.

As a result of the complex political and military situation that has characterised the small Mediterranean island's fate for the last thirty years property prices in the Northern Cyprus property market have remained far lower than those in the Republic of Cyprus, where development has proceeded along similar lines as that in other Mediterranean tourist destinations and has, in the eyes of many people, become over developed and thus lost its original charm.

In contrast, Northern Cyprus benefits from the unspoilt natural charm that is now removed from many other holiday hotspots in Europe. Newspapers, tour operators and property developers are all taking interest in the unique combination of an easily accessible holiday destination that has not yet borne the brunt of the wide scale development.

Not only is North Cyprus an emerging tourist hotspot but also a unique location for property investments as the same factors that have kept the northern third of the island untouched by vast numbers of holiday makers have also ensured that property prices have remained far lower than those in the south and lower still than those in other popular tourist destinations on the Mediterranean, places like, for example, Southern France and Spain.

Since 2002 property prices have been rising in North Cyprus bringing the property market there to the attention of property investors all over the world. In one year alone following the opening of the property market to foreign investment the property market saw jumps in values of twenty percent in some quarters.

Property prices continued to rise over the following years, especially during the period where the UN brokered Annan plan was on the table. Although the plan failed - rejected by the Greek Cypriot side but accepted by the Turkish Cypriot north -property prices remained bolstered as the thought of reunification between the two sides went from a possibility to a reality, even if the exact timescale was unknown.

With the election to the Greek Cypriot Presidency of Demetris Christofias in February of this year the reunification of the island once again has taken the front page once again, with both Christofias and his North Cypriot counterpart both pledging their support for a reunification of the island.

The pair share a left-wing world view and both men seem adamant to bring reunification to the island, the prospect of which is bringing investment into properties which would shoot up in value at the moment of reunification. As well as the capital appreciations the reunification of the island would further boost the tourist trade into North Cyprus, as the inability to fly directly into the North - people currently have to either fly into Turkey and change or fly into the republic and drive over the Green Line - would be removed.

Martin Gavin
Want to read more about Overseas Investment Opportunities in North Cyprus, where property investment is taking off thanks to the reunification talks underway between Northern Cyprus and the Republic of Cyprus? Visit www.whiterocksbafra.com for the latest Cyprus property and investment news
Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest Travel Articles
  • More from Martin Gavin

Avoid the predictable this Valentine's Day

By: Harvey McEwan | 05/01/2010
Finding the perfect Valentine's Day gift can seem like a daunting task. But with a bit of creative thinking, you can veer away from predictable gifts - like flowers and chocolates – and instead opt for more thoughtful gift ideas that your Valentine is sure to love.

Luxury travel: realistic in the midst of an economic crisis?

By: Harvey McEwan | 05/01/2010
With the economy still in crisis, many people are downgrading from luxury holidays to save money. However, it is possible to enjoy an affordable luxury holiday during the economic slump.

Find Out What the Fuss is About Lanzarote Holidays

By: Kim Chambers | 05/01/2010
Lanzarote holidays are almost guaranteed to bring sunshine, soft sand and relaxation. When people think of Lanzarote, holidays are rarely far behind. This idyllic island combines beautiful scenery with wonderful weather and warm hospitality.

European Backpacking and Adventure Travel for Teens

By: William Holstadt | 05/01/2010
Summer vacation is coming, and teens are already restless. Will this be another summer of menial work, camp and feeble attempts at building character, or something more? Backpacking Europe is not only a rite of passage for today's teens, but can also provide valuable learning experiences that your child will actually enjoy. This article shows how safe, reliable and fun a European travel adventure for teens can be. The only thing left is to decide what you are going to do with your alone time.

Where to eat around the clock in New York

By: Paul Buchanan | 05/01/2010
Eating in New York is a great experience, as restaurateurs, chefs and fine cuisine from all over the world can be found crammed into one city.

Sundarbans National Park, Activities to do and Lodging Facilities

By: Nayan Choure | 05/01/2010
Sundarbands National Park has certainly proven its worth in the preservation and conservation of wildlife species, especially the Royal Bengal Tiger. There are lots of exciting things to do inside and outside of this national park.

Sariska National Park and other nearby Attractions

By: Nayan Choure | 05/01/2010
Sariska National Park boasts of its project tiger and the other animals inside the park. As there are lodging facilities inside the park, there are also lots of attractions to see near this park.

Natural Organic Skincare Tips For Winter

By: Martin Gavin | 14/10/2009 | Health
If it's one thing that's bad for the skin, its a fluctuation in temperature, and that's what makes January a very testing time for people who spend work in doors, with the heating on full blast, and have to deal with play time out in the wintry cold. Here then, are...

Organic Natural Skincare or Chemical Manmade Scrubs?

By: Martin Gavin | 10/10/2009 | Health
What's better for us, a natural skincare routine or a one off fix? Should we invest in an organic face scrubs or a pricey one off chemical peel? Chemical skin peels are increasingly popular offerings for cosmetic clinics and skincare specialists who want to offer customers the 'quick fix' that...

Natural Organic Skincare: A Pai Company Profile

By: Martin Gavin | 08/10/2009 | Health
The number of natural organic skincare brands are growing. What was once a niche industry is turning into a fully fledged organic beauty sector. More and more people are more and more interested in the way their skin works, and what harmful ingredients can often be put into our beauty...

Finding the Best Natural Skin Care Products

By: Martin Gavin | 05/10/2009 | Health
Most people who want to ensure good skin care are now changing to natural skin care products from chemical based skin care products. Thanks to the growing awareness among people regarding the risks involved in using strong chemical based skin care products. With the increasing popularity of natural skin care...

Why Should Natural Skincare be Preferred Always?

By: Martin Gavin | 05/10/2009 | Health
When it comes to skincare, we can categorise people in to three groups. The first group of people take excessive care of their skin by using all types of skincare products indiscriminately. People who belong to the second category tend to ignore their skin completely and ruin their skin. To...

Property in Cyprus Could be the Perfect Retirement Opportunity

By: Martin Gavin | 05/10/2009 | Real Estate
Cyprus property has been on the rise for the best part of eight years now, and overseas investment on the island is now some of the most sought after in the world. Prices have risen in enormous degrees, with £6,000 per acre (or £2,000 per donum, the turkish Cypriot land...

Cyprus Reunification: The Relationship of Turkey and the E.U

By: Martin Gavin | 05/10/2009 | Politics
Turkey has always represented a point of interest for the balance of power in Europe. When it was the Ottoman Empire its territories extended into Asia and Europe, converging with the Hapsburg empire - the other great historical European empire - in the Balkans. Like Russia and England - who both...

Is Modern Life Killing Us? And Can Natural Skincare Products Help?

By: Martin Gavin | 04/10/2009 | Health
The feeling that modern life is making us sick is now so accepted that to express the sentiment is cliché. Indeed, it is arguable that anxieties about the dangers of our synthetic lifestyle have become so accepted that they are now as comforting as any other recurring symbol within the cultural...

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.29, 6, w3)