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Cyprus was a former British colony which gained independence from the UK in 1960 after an uprising against British rule. The history of this island is blighted by fierce tensions and conflict between the Greek Cypriot majority in the south, and Turkish Cypriot minority in the north, which came to a head in 1963 when fighting broke out between the two parties. UN peacekeepers were deployed in 1964 and there is still a highly visible presence there to this day, in the form of a buffer zone policed by the UN. There is still also a British military presence on the island which has assisted the UN in calming tensions over recent times. In 1983 the North area of the island declared independence as the “Turkish Republic of North Cyprus” although this is not recognised by any country other than Turkey. This history and conflict makes North Cyprus property a very complex area of investment to fully understand. We urge you to read more if you are thinking about making such an investment into North Cyprus property . |
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The market for property in North Cyprus has remained untouched for many years, with the area effectively starved of international recognition and investment. Recently there has been a major relaxation of border controls, and as a result the north and property in North Cyprus is much more accessible. This has also caused a rethink by the airline companies with many countries in the process of arranging direct flights into North Cyprus. Flight routes and airports can only be positive for property in North Cyprus. |
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North Cyprus offers a relatively untouched landscape which is ideal for redevelopment of properties, within the current cultural and historically characteristics of the area. The market for North Cyprus properties is very much in its infancy with land still relatively cheap compared to neighbouring countries. While it may have taken some time to manufacture the opportunity, the government of the north are taking a very proactive role in attracting visitors and investors to this beautiful country. |
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The more international recognition the area receives the less chance of further major conflict between the north and south of the island. As this threat diminishes, many overseas investors are only just now beginning to appreciate the potential for the area and North Cyprus property . The lack of multi-national corporations has opened up a niche market for smaller and private investors.
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North Cyprus 
