View Single Post
  #8  
Old 24-05-2008, 04:04 AM
Cornholio Cornholio is offline
Active Member
 
Join Date: May 2008
Posts: 24
Default Sequel........

It is true that the estrangement of the two communities on Cyprus can be traced back to Britain's "divide & rule" policy during the 1950's. Unfortunately both sides fell for it, thus creating a highly combustible mix. Add in the Cold War politics of the times (as dictated by the US) and you ended up with a powder-keg that exploded in 1963 & again in 1974.

What makes property investment in northern Cyprus riskier than anywhere else in the sunny Med is the continuing uncertainty as to how much GC-owned land & property will be handed back to its lawful owners after reunification (and by extension, how many newly built villas & apartment complexes will end up getting demolished as a result!!!!). It is thus absolutely vital to study the island's history & current situation as thoroughly as possible from all sources (GC, TC & independent) and draw your conclusions from that. This is where the Orams' came unstuck.

Personally, if the title deed is not 110% pre-1974, I woudn't touch northern Cyprus with a bargepole!!

Happy house-hunting!!

Cornholio
Reply With Quote