Despite the economic slowdown around the world, shrewd property investors in North Cyprus universally agree that Kyrenia stands head and shoulders above most other locations on the sunny mediateranean island.  Here we discuss some of the many reasons why this is so.

The market for property in North Cyprus has remained untouched for many years, with the area effectively starved of international recognition and investment. Recently there has been a major relaxation of border controls, and as a result the north and property in North Cyprus is much more accessible. This has also caused a rethink by the airline companies with many countries in the process of arranging direct flights into North Cyprus. Flight routes and airports can only be positive for property in North Cyprus.

The Reasons that are given for this large price differential are that firstly there are no direct flights into the north of the island from the UK, instead one must go via Istanbul first or fly directly into the south end of the island and then drive across the border. Secondly, due to the difficulties with crossing the border until six or seven years ago, the property market has only really just started to take off in North Cyprus.

Now, property in North Cyprus is still appreciating, and shrewd investors are keeping an eye on developments; optimists argue that the appointment of pro-reunification leader Dimitris Christofias to the presidency of North Cyprus should bring about a swift reconciliation between the Republic of Cyprus and North Cyprus, where TRNC leader Mehmet Ali Talat has been trying in vain for reunification since he was made president in 2004.

Members of the E.U stands to benefit from the unity, and from the rising prices of property in North Cyprus; the E.U, which as a collective body is only as strong as its compositional pieces, will be able to cite the membership of an island that is growing in so many industries, but especially in the flourishing North Cyprus property market.

In fact property prices in North Cyprus are around a third and one half of those in the South of the island. Not only that, but property is bought and sold in Sterling in the North, so the key tip on buying investment properties – buy cheap – is doubly satisfied by the North Cyprus property market, as UK investors are, for obvious reasons, not currently advised to put their pounds into the Euro.