The president of the northern Cyprus Real Estate Agencies Union, Hasan Sungur, has claimed that Israelis are flocking to buy land and properties in the occupied areas, following close behind mainland Turks.
The announcement comes after a tough year for real estate in northern Cyprus, which has seen sales to Britons almost grind to a halt, mostly due to the high profile Orams case.
Sungur said that Israeli investors have recently increased the real estate purchases in occupied Nicosia and Kerynia, with the occupied Agios Amvrosios district attracting many investors.
In addition, Israeli companies are actively investing in a number of infrastructure projects in the north.
It is known that in Kyrenia there are currently five construction companies which have Israeli owners or partners. Sungur also said there are several thousand buildings constructed by Israeli companies in districts on the Karpaz Peninsula.
