Buying Investment Property in North Cyprus
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 d