August 11th, 2007 by Ines
While Cyprus has a history of conflict which resulted in the permanent UN Policed buffer zone down the centre of the island, the political and military tensions seem to have lowered since the conflict last flared again in the 1970s. This new found calm has allowed both areas of the country to improve their offering to the world, foreign nationals, as well as their economies.
Viewed by many as the area where Christianity (in the North) meets the Muslims faith (in the South), there is much to see on this beautiful island. The North has been slower to develop due in the main to the historic lack of direct transport networks from the country to mainland Europe. This problem has been solved over the last few years with the building of new airports and direct flights introduced by some of the world’s major airlines.
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August 11th, 2007 by Ines
* A stunningly beautiful island that is becoming increasingly popular with tourists (tourism grew at 6% last year)
* Cyprus joined the European Union on 1st May 2004 with resulting macro economic boost
* The latest European Commission forecasts for Cyprus are
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August 11th, 2007 by Ines
An element of risk is attached to the purchase of property in any of the world’s emerging markets. The Turkish Republic of Northern Cyprus (TRNC) is no exception. But what makes the TRNC different from other emerging markets is that its seemingly complex property laws are related directly to a war some 30 years ago and the subsequent division of the island.
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August 11th, 2007 by Ines
The allure of the Cyprus property market for British investors has been emphasised by a figure in the real estate investment industry.
A venture in the Cypriot property market has become an increasingly attractive option for speculators in recent times, particularly with the news that the first golf course is soon to be constructed in the north of the island.
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August 11th, 2007 by Ines
Cyprus was a former British colony which gained independence from the UK in 1960 after an uprising against British rule. The history of this island is blighted by fierce tensions and conflict between the Greek Cypriot majority in the south, and Turkish Cypriot minority in the north, which came to a head in 1963 when fighting broke out between the two parties. UN peacekeepers were deployed in 1964 and there is still a highly visible presence there to this day, in the form of a buffer zone policed by the UN.
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August 11th, 2007 by Ines
The Greek Cypriot economy is prosperous but highly susceptible to external shocks. Erratic growth rates in the 1990s reflect the economy’s vulnerability to swings in tourist arrivals, caused by political instability on the island and fluctuations in economic conditions in Western Europe. The economy remains heavily dependent on agriculture and government service. To date, economic conditions have drastically improved with the admission into the EU.
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August 10th, 2007 by Tea
aris has been named as the top investment market in Europe for 2007, beating off competition from London, Stockholm, Munich and Lyon.
Published by the Urban Landscape Institute in partnership with PricewaterhouseCoopers, the Emerging Trends in Real Estate Europe report for 2007 rates the French capital highly for both return prospects and low risk.(for more information click here)
August 10th, 2007 by Tea
Lille could be set to be the next big property investment destination after a low-cost airline announced that it is to begin direct flights to the city.
bmi regional said that it would be starting the UK’s first direct flights to the city in northern France from April 23rd. (for more information click here)
August 10th, 2007 by Tea
The housing market in Great Britain has been steadily rising for almost 2 decades but experts are predicting a major slow-down which will see prices level off. So what next then for the hungry property developer who’s looking to make some fast cash?
While reports say that far flung European destinations such as Bulgaria, Croatia, Estonia and even Hungary are returning vast sums of profits for property developers, there still remains one consistent out-performer on the European housing marketplace and with it being on our own doorstep, it is no wonder why France is set to become the next reliable and long-standing property hotspot. (for more information click here)
August 10th, 2007 by Tea
After months and months of apparently defying gravity, with house prices soaring out of the reach of many first-time buyers, the British housing market may finally be losing altitude.(for more information click here)