Thinking Of Investing In Overseas Property

These are historic days for North Cyprus, with reunification talks revived after several years of stalled diplomacy and entrenched pessimism on both sides of the line which runs across and splits the Mediterranean island – the Green Line In terms of the property market in North Cyprus, the progress of the reunification talks are of massive importance, and anybody thinking about making an investment in rental property abroad should be keeping a close eye on them Property prices in North Cyprus have, historically, been far lower than those in the south by between a third and a half...

roperty prices in North Cyprus are between a half and a third those in the South of the island, despite the fact that the North benefits from the same blissful climate, boasts the warmest sea temperatures in the Mediterranean and is covered in unspoiled, ancient countryside During 2004, when the Annan plan was still on the table, property prices began to rise and, even though the plan did not succeed, values remained higher Under the new round of talks between North Cyprus and South Cyprus property prices are booming, and many developers are now undertaking projects in the North, as the country- with its currently low property and land prices- offers an absolutely fantastic investment opportunity for those who act quickly enough...