There have been a proportion of dissenters and critics regarding the emerging boom in property in North Cyprus over recent months; those who see the currently unrecognised state as barren, a state that could not foster a flourishing economy.
But dissenters are continually proven wrong, as prices for property in North Cyprus continue to rise steadily, making it the chosen location for the accolade of the best place to buy investment property in a number of real estate investing faqs.
In fact, prices have risen from under £5000 a donum a third of an acre of land to more than £20,000 per donum, and that happened in around two years, from 2004 to 2006, boosted by the Annan Plan referendum talks. Since then, it has continued to rise, and some areas are now fetching closer to, or more than, £30,000 per donum.
And the whole scenario has now been given more endorsement, as Turkish Cypriot leader Mehmet Ali Talat has lent political weight to the economic evidence for the flourishing North Cyprus property boom.
He met yesterday (02/10/08) with Jean Paul Costa, current president of the European Court of Human Rights to discuss the cases against North Cyprus from Greek Cypriots claiming unjust repossession of land; the cases that sceptics use for evidence of the property problems relating to North Cyprus.
But the discussion set in place Talat s plans for the expansion of the Anatolian Agency, which will reduce the number of such cases by a very noticeable percentage, and also take the remaining cases away from the European Court of Human Rights.
So Talat is doing in deeds what he has repeatedly claimed he would do with winning words, and the Turkish Cypriot leader is showing sceptics and dissenters just how committed he is to the cause of reunification for the island, and how the property market already flourishing is tied up within that.
So the North Cyprus property boom truly is growing. And with the commitment of the Turkish Cypriot leader, it will continue to grow, whatever dissenters say; Dimitris Christofias, the leader of the Republic of Cyprus, is committed as Talat, and they are committed to each other, with weekly meetings now taking place to resolve the issue.
So everything is in place for the most exciting emerging property boom, and North Cyprus is now becoming the best place to buy investment property in the world. Reunification, too, will make that all the stronger, and it is soon to come; both leaders are driven to the goal, and with that drive lacking previously, we can expect good results this time.
And so the North Cyprus property will grow and grow, and it will flourish. Prices are rising steadily. And the political and economic will of North Cyprus will certainly counter any dissenters and any sceptics; the facts cannot be ignored, and price rises of close to almost £30,000 per donum, with expected growth of almost 200 over the next two years, tell a story in themselves.
Author Resource:-
Martin Gavin is the resident property specialist at http://www.whiterocksbafra.com, with particular insight into overseas investment in the North Cyprus property boom.
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