Date published: 01.09.08 - not release date

Reunification talks boost North Cyprus property market

The historic reunification meeting between the leaders of the Greek and Turkish communities which took place on the 21st of March has already made a impact on the North Cyprus property market. Both presidents expressed optimism for the future and a willingness to work towards a comprehensive solution. And their obvious sincerity has excited much speculation on the part of property investors keen to take advantage of the low prices which exist in the north of the island.

In a bold political step, historic Ledra Street, long the barricaded dividing line in the centre of Nicosia and symbolic of the division between the communities, will re-open as a crossing point. This move towards easing the passage of visitors between the divided states is seen as hugely significant by the islanders and international commentators alike.

Richard Appleberg, Chief Executive Officer of Cyprop, commented “This is great news for property owners, buyers and investors. Typically prices for property in North Cyprus have been around one third of those in the south of the island, but I will be amazed if they stay that way for long.”

Cyprop ‘inundated with enquiries’

Cyprop report that the already high level of interest in their North Cyprus property sales began to accelerate as soon as President Demetris Christofias was elected in February. And after the success of the reunification meeting, they have simply been inundated with requests for information and inspection trips. Richard Burton, Cyprop Director said “We are responding to the demand by laying on extra inspection flights and our sales staff are working flat out to keep pace. People are starting to realise that there may not be much time left to invest at these artificially low prices.”

Cyprop

Cyprop’s directors have over 20 years experience in developing and selling properties on Spain’s Costa del Sol. They first entered the North Cyprus property market after the introduction of border crossing which enabled people to go from the relatively untouched north of the island to the over-developed, more established south and vice versa. Now, working with some of the most respected and experienced property professionals on the island, the Cyprop team have brought a new dynamism and focus to property investment in North Cyprus.

Cyprop Chief Executive Officer Richard Appleberg says “ North Cyprus reminds me so much of the Spain I fell in love with as a young man in my twenties. I am so excited about being involved in helping this beautiful unspoilt corner of the Mediterranean to blossom.”

Further information:

For more info on viewing trips, or on any of CYPROP’s overseas investment property opportunities in North Cyprus contact 020 7736 0004 or e-mail info@cyprop.co.uk

Cyprop is a trading division of Hartington Overseas Ltd with offices in London and North Cyprus. They work with their chosen partners in North Cyprus to develop properties of the highest quality. All Cyprop developments take place in carefully selected locations and offer excellent value to both home buyers and investors alike.