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North Cyprus Properties

 
History of North Cyprus
 

Cyprus has had many names but most of scientists agree that the present name comes from the word "copper", which was in plenty on the island. An alternative theory supposes that 'Cyprus' comes from the Greek word 'kypros' which means "henna".

No one knows for certain when the first inhabitants arrived on the island, but traces of settlement go back to over 8000 BC.

Strategic location of the island between East and West resulted in repeated invasions of foreign nations and civilizations that have brought changes to the life and culture of the island's inhabitants. In Cyprus history, the island was colonised by Phoenicians, Achaeans, Assyrians, Egyptians, Persians, and Greeks in different periods.

In 58 BC the island was seized by the Romans. Richard the Lion heart settled on the island in 1191 during the third Crusade and, after selling it to the Knights Templar, permitted Guy de Lusignan to buy the island. Cyprus remained in Lusignan possession until captured by the Venetians in 1489. From 1571 to 1878 the Island was ruled by the Ottomans until they leased its administration to Britain. Independence was granted in 1960.

In 1974 Greece attempted a military coup in conjunction with the Greek National Guard in order to achieve ENOSIS (Idea of union with Greece).

On the 20th of July 1974, Turkey, after consultation with Britain, intervene military, namely Peace-Keeping Action, to protect the Turkish Cypriot community. This was in exercise of the powers of guarantee agreed in the Treaty of Zurich.

On the 15th of November 1983 The Turkish Republic of Northern Cyprus was founded.
On 23 of April 2003 borders between North and South Cyprus were opened, thus allowing to travel between both parts of the island.

After 2004 and still ongoing, North Cyprus experienced an enormous boom in property sales, because of the vast investment potential. North Cyprus is Europe’s new property hot spot. Experts predict that property prices could give annual appreciations of 7%, and exceptional 17% yields. Property prices in North Cyprus are a third of what they are in the Republic of Cyprus, and the low buying price and high yield of property in North Cyprus are causing the ever growing presence of the North Cyprus property boom in overseas investment.

North Cyprus now poses a real opportunity for investments seekers. It still remains an undiscovered furtive maintaining its natural beauty and Cypriot character, with stunning sea and mountain views extending the length of the coast. Although there is a property boom and development in North Cyprus, it can be still categorized as unspoilt and undeveloped, offering prices approximately 50% lower compared to other Mediterranean islands. What is getting smart investors excited is that reunification is now looking almost certain which predicts to open a rapidly increasing demand property market, so that properties in North Cyprus will sky rocket in worth.

 
 
 
 North Cyprus
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