The North of Cyprus has long been home to ex-pat Brits and other European nationals looking for a great second home or vacation home. With a recent court ruling making foreign ownership more secure, investor interest has been piqued. In fact, after the ruling some analysts say that prices for properties in North Cyprus seemed to jump by seven percent literally over night.
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Northern Cyprus is a haven of natural beauty from the unspoilt, unpolluted coastline across the central plain stretching between Famagusta and Nicosia, to the magnificent Kyrenia mountain range. The island boasts some 1800 species of plants and flowers, some native only to Cyprus, and is home to millions of birds every year.
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The town planners in North Cyprus have seen the way the south of the island has been spoilt in places with high-rise, low-quality apartment blocks and hotels and they have placed a blanket ban on such construction even being considered - making North Cyprus property more attractive.
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The prices of property in North Cyprus represent fantastic value for money; with the equivalent property in Spain, France and the Algarve being up to three times the price. It is therefore not a shock to learn that both foreign and local investors are eager to buy in the newly flourishing property market in North Cyprus , with expectations of high returns.
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The economic trend in the Turkish Republic of Northern Cyprus has been demonstrating a gradual but continuous growth and improvement since 1977. In spite of high rate of inflation and economic and political difficulties and many deprivations, the realisation of 4.4% annual average rate of growth should be assessed as a significant achievement.
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