Why Buying Property in North Cyprus Makes Sound Financial Sense
Cyprus is a stunningly beautiful island, rich in natural resources, blessed with the inimitable Mediterranean climate and located close to the shores of Turkey. Cyprus is also a divided island, unique in that its capital city of Nicosia is the last divided capital city in the world.
The country of Cyprus is unique in another way too, back in 2004 the citizens of North Cyprus voted yes to reunification and to this day efforts are being made to reunite the Northern third of the island with the Southern two thirds. All Cypriot citizens have lived in peace for so long that it is seen as only a matter of time before some form of settlement to rejoin the two sides of the island is found.
In the meantime Southern Cyprus is in the European Union, it is about to join the Euro Zone and adopt the Euro as its official currency while only the citizens of Northern Cyprus are classed as European – their land and homes are not actually considered to be in Europe!
This slightly bizarre and unusual situation has created something of a short term opportunity for property investors astute enough...
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