Property in North Cyprus
Update on the Property Market in Cyprus
Published on 11 May 2008
Things are a-changin’ in Cyprus at the moment – in case you hadn’t noticed! There’s a new president in the Republic of Cyprus, a new border crossing on Ledra Street and a new commitment to finding some form of workable solution to the stalemate between the two sides of the island.
What’s more, the Republic of Cyprus is being ‘encouraged’ to bring all laws in line with EU internal directives and it has successfully adopted the euro as its national currency. All of these aspects of change have had an impact on real estate in Cyprus and so we thought we’d bring you a timely update on the property market in Cyprus…
Euro’s Surge Boosts Price Gulf Between Property Prices in North and South Cyprus by 16%
Published on 24 April 2008
Even before January when southern Cyprus joined the Euro it was far cheaper to buy property in North Cyprus. Naturally this has to do with the fact the south has better infrastructure and is more easily accessible – but as anyone who has visited the North knows, you actually get far more for your money than just cash savings when you buy real estate in Northern Cyprus…
You get the best beaches, the more open landscape, more land with your villa, more square meters of property – and here’s a bonus – the euro’s recent surge has boosted the huge price gulf between property prices in North and South Cyprus by another 16% because property in North Cyprus is priced in pounds sterling, whereas property in Southern Cyprus is priced in the expensive euro.
Why Buy ‘Risky’ Property in North Cyprus
Published on 06 April 2008
If you’re thinking of buying a property in North Cyprus I’m sure you’ve done plenty of homework, you’ve thought about the title deed situation that affects both sides of the island and you’re aware of the developments in the political situation affecting the potential reunification of Cyprus. I’m also sure that you’ve encountered a lot of puzzled looks and confused questions from those who don’t understand your decision to buy real estate in Northern Cyprus.
Additionally, if you’re wondering why anyone would buy so called ‘risky’ property in North Cyprus and you really can’t see the appeal, this article is just for you!
North Cyprus: Poised to be Europe’s Number 1 Property Market?
Published on 02 April 2008
A recent article in Forbes magazine has revealed some pretty fascinating findings relating to the best and worst property markets in Europe in 2007 - 2008. Unsurprisingly the report has Ireland in first place as the biggest loser in terms of price movements, but the report, which is based on findings from the Royal Institute of Chartered Surveyors, has Cyprus in the number two spot currently for fastest-growing housing markets in Europe.
Adding to these findings is the fact that the property market in Northern Cyprus has just enjoyed its busiest two month period since 2004 according to those in the know, which perhaps suggests that North Cyprus is actually poised to be Europe’s number 1 property market in 2008?
Good News for Cyprus Property Markets
Published on 22 March 2008
Demetris Christofias, the president of Cyprus, and Mehmet Ali Talat, the president of North Cyprus, yesterday met to discuss beginning talks about the reunification of the island. A timeline of three months was agreed, at which point it is widely accepted the two leaders will sit down and work relentlessly hard to come up with a workable solution – after all, the economic fortunes of both sides of the island are at stake.
An additional result of yesterday’s meeting was an historic agreement being reached to open Ledra Street, which is a shopping street in the capital city of Nicosia that really symbolises the division of the island. You can stand on either side of the barricade on Ledra Street and peer into the lives of Cypriots on the other side. All of the above is good news for Cyprus property markets because there has always been a shadow hanging over both sides of the island relating to security of title deeds.
Window of Opportunity to Buy Property in Northern Cyprus
Published on 25 February 2008
Dominating the headlines in international newspapers and online today is the news that the leader of the Akel Party in the Republic of Cyprus has won the election and will become the next president of the Greek Cypriots. Almost Demetris Christofias’s first job as the new president will be to enter into talks and negotiations with Mehmet Ali Talat, his counterpart in Northern Cyprus, to find a way forward for the resolution of ‘The Cyprus Problem’ which has divided the island for 34 years.
This means that there is a window of opportunity to buy property in Northern Cyprus at the incredibly artificially deflated prices they are currently for sale at, and that there is a tangible deadline for the cessation of this offer once talks between the two sides begin and move forward towards resolution in the next few weeks and months.
5 Top Tips for Finding Property in North Cyprus
Published on 15 February 2008
The stunning island of Cyprus in the Mediterranean has so many benefits going for it that it is no wonder an increasing number of international visitors arrive on the island annually and also no surprise that the interest in property for sale in Cyprus is on the increase. Cyprus is divided into the Republic of Cyprus on the South and the Turkish Republic of Northern Cyprus (TRNC) – or North Cyprus…about which this article is written.
Property prices in North Cyprus are a fraction of the cost of those on the south because there are no direct flights to the Northern third of the island. You either have to land for an hour in Turkey before flying on to the island’s airport OR you have to fly to the airports in south Cyprus and transfer north. The situation is likely to change in the future which is why so many are speculating and buying property in the north. If you like the sound of a bit of speculation in such a fantastic corner of the world, here are our 5 top tips for finding property in North Cyprus.
Property Buying Process North Cyprus Update
Published on 20 January 2008
The property buying process in North Cyprus is relatively straight forward – far more so than in many nations where you have to mess about with formal offers and preliminary contracts, surveys, searches and even viewing the property on the day you sign the contract in case it has changed in someway from what you made an offer on!
However, the process does still differ from the UK property buying procedure for example, and so in this article we’re providing a property buying process in North Cyprus update for anyone unfamiliar with the steps that need to be taken as well as those unaware of the new estate agency laws.
The Time to Buy Property in Cyprus is Now
Published on 29 December 2007
With more than 1.5 million visits from British citizens alone per year, Cyprus is a hot and ever-growing holidaymaking destination. Whilst the retiree and expatriate community in Cyprus is quite small in comparison to other European countries like Spain, the investment opportunities in Cyprus remain intriguing nonetheless.
Buying property in Cyprus appeals to investors from all over the world for a number of very strong reasons. In this article we’ll explore why this destination is so attractive and what is on the horizon that is likely to make it more so in 2008.
Cyprus Property More Appealing
Published on 12 December 2007
With its beautiful Mediterranean coastline, lovely weather and natural holidaymaking draws that are almost endless, buying property in Cyprus has become a very “in” thing to do. As more holidaymakers are putting Cyprus on their must-visit lists, the prices for Cypriot real estate are growing, but so are the reasons for investing in the Cyprus property market.
In this article we’ll explore the Cypriot property market and factors that are coming in to play to make it even more attractive. Make no mistake – buying in Cyprus is not necessarily cheap, but the returns can make it very worthwhile. The reality is, both prices and tourism are on the rise on both sides of the island. With its picturesque Mediterranean beaches, balmy weather and rather unique historic sights, this country has a distinct draw for buyers, holidaymakers, retirees and even younger expats looking for a change of pace. These things come together to make buying in Cyprus rather attractive at present and they make Cyprus property more appealing whichever side of the Green Line you prefer.