As far as buying investment and overseas investment goes, North Cyprus is one of the most celebrated places in the world. Since 2000 prices have been soaring from £2000 per donum to £30,000 per donum in 8 years (in UK terms, that s £6000 per acre to £90,000 per acre in 8 years). And prices are expected to continue appreciating; with reunification of the island, many experts are arguing that prices could accelerate because of the respective strengths of the two parts of the island, with the already established tourist industry of the Republic of Cyprus merging with the continuing boom in Cyprus properties in North Cyprus. The History of Cyprus Reunification
Before the election of Dimitris Christofias to the post of presidency in the Republic of Cyprus, the reunification issue was almost redundant; that is to say that, whilst the rest of the world hoped for some solution, the respective presidents of the two sections of the island were strongly opposed to any discussion of the issue.
Tassos Papadopolous and Rauf Denktash, who both held their posts for a number of terms including, in the case of Denktash, the début presidency for the TRNC, which he held until as late as 2005 continually refuted any international attempts for a reconciliation of the two parties.
In fact, when it came to the Annan Plan Referendum of 2004, when citizens of North Cyprus and the Republic of Cyprus were given the chance to vote either for or against a settlement on reunification, both leaders strongly urged their citizens to vote against the move.
Despite that, North Cyprus citizens voted in favour of Cyprus reunification, though Republic of Cyprus citizens rejected the referendum. Because it was agreed prior to the vote that both sides would have to agree, the reunification plan was scrapped.
During the talks though, it became clear that in North Cyprus there was a number of politicians who were willing to challenge Rauf Denktash, and one of the most prevalent was Mehmet Ali Talat, who was at the time prime minister, and took over from Denktash as president in 2005.
He publicly urged citizens of North Cyprus to vote in favour of Cyprus reunification, so that when he took presidency the international community rejoiced. Cyprus Reunification and the Rise of Property in Cyprus
It was in 2004, during the Annan Plan Referendum, that property in Cyprus saw its first price acceleration. True, if prices on Cyprus properties had been rising steadily for some four years up to that point, but the price rise seen around the reunification talks was notable indeed, and they sparked the rise in price now, where rekindled reunification talks between pro unionists Mehmet Ali Talat and Dimitris Christofias are having a similar effect. Property in Cyprus is Emerging as One of the Best Property Markets in the World
The two reunification pushes of the last 10 years have established North Cyprus property as some of the best real estate in the world. Prices are still far lower than those in the south, but could rise, according to some experts, by almost 200 in two years.
North Cyprus, then, is the very definition of real estate investing.
Author Resource:-
Martin Gavin is the resident expert on Cyprus properties and the North Cyprus property boom at http://www.whiterocksbafra.com
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