Cyprus Properties

Thursday, July 10, 2008

Prices are low and land rights are being addressed but is it safe to buy in Northern Cyprus?

Cyprus has long been a favourite for British holiday home owners and now, after decades of uncertainty, the north of the island is becoming as popular as the south.

It is 34 years since the Turkish invasion of the northern third of the island. But today, people can easily move between the Turkish north and the Greek south, and there are relatively few signs of conflict – indeed, the line dividing the communities is itself a tourist attraction. Although the north remains less affluent than the south, all areas have seen major infrastructural improvements as their economies have grown in recent years.

Northern Cyprus covers 3,300 sq km and is widely regarded as less developed and more naturally beautiful than the south of the island, with a profusion of beaches and mountain tracks. It has a rich history, is well known for its flora and fauna and notably boasts 38 species of orchid.

Thursday, July 3, 2008

Property investors in Cyprus should buy in built-up areas to 'keep risks low'

Investors that are interested in Cyprus have been advised to look for property in areas that have already been developed.

According to property developers, Pafalia, choosing an area that has already been built on will help to "keep the risk low" and should take advantage of Cypriot lawyers to minimise their costs.

Simon Cozzolino, property consultant at Pafalia, said: "Use a Cyprus lawyer because it will halve your costs."

He continued: "Don't buy in the middle of nowhere; buy in an already developed area to keep the risk low."

House for sale in Cyprus