There's trouble in paradise

Step forward Cyprus, Aphrodite's island, a rich landscape of beaches, mountains, some of the most hospitable locals on earth - and a lingering human tragedy.

In 1974 Turkey invaded the island and annexed the north. There are still thousands of Turkish troops in the so-called Turkish Republic of North Cyprus.

Worse still, there remain thousands of displaced Greek Cypriots deprived of their homes who have had to look on helplessly and watch them inhabited by squatters for more than 30 years.

Cyprop Introduce Easy Payment Plans For North Cyprus Properties

Cyprop, the North Cyprus property specialists, announced today that they will soon be in a position to offer finance options on some of their property developments in North Cyprus. They are expecting to be able to offer 50% of the purchase price of a new property spread over the build term and the other 50% financed over 5 or 10 years. The loan will be secured on the property in North Cyprus.

Cyprop Director Matthew Thole commented “We are all very excited about being able to offer our clients finance to help them buy their dream holiday home in Cyprus. This new facility puts the luxury of an overseas property, whether it’s for an investment or second home, within the reach of everybody.”

Developers in north praying for a Tassos win

Estate agents in Karpasia agree that a re-election of President Tassos Papadopoulos will revitalise the lagging economy of the property market.

Estate agent Guray Haksever explained that “after the Annan Plan fell through, foreigners, especially Europeans, bought land irrespectively of whether it was owned by a Turkish Cypriot or a Greek Cypriot.

Cyprus 'a popular location for retirees'

On January 1st this year, Cyprus, along with Malta, became the newest member of the eurozone, meaning that foreign visitors will now change their currency to the euro rather than the Cypriot pound.

This development is expected to deliver a boost to the Cyprus economy owing to the low interest rates, low inflation and large market access available in the eurozone.

Selling your home or thinking of buying in Cyprus?

Using Agents to sell your property can be a very costly exercise. Most agents, licensed or not, will charge you between 5 and 10% plus VAT and tie you into lengthy contracts which can be expensive to get out of. In many instances resale property prices are hiked to include the commission, making resale property uncompetitive with new and off-plan property.