Cyprus North Property

Cyprus north property is still a source of much debate and riddled with legal implications. With the process of rapprochement between the two communities underway, many brave (again mainly British), souls have chanced their arm with an investment in the northern property market.

Whilst there are unquestionably many Cyprus north property bargains to be had in the beautiful and still largely un spoilt north, a note of caution: the risk of losing your entire investment is a very real threat unless you have a cast iron guarantee to the title.

This is because the Turkish Republic of Northern Cyprus is legally recognized by very few countries except Turkey, and therefore the legal position of title deeds issued for Cyprus north property in the TRNC (Turkish Republic of Northern Cyprus) over the last three decades is precarious to say the least.

A lot will depend on Turkey's entry into the European Union, if and when it happens.

Since border restrictions were lifted and Greek Cypriots have been allowed to cross the demarcation line, many have visited land or Cyprus north property lost after the Turkish invasion, and may be expected to press for restitution or compensation in any negotiated bi-communal settlement. Therefore, buying in the north is probably only for the more determined or speculative property investors.

If you are looking for a property for yourself as a holiday or retirement home then perhaps it would be wisest to avoid Cyprus north property.