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Real Estate News Releases
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(EMAILWIRE.COM, November 07, 2008 ) TheMoveChannel.com, the leading international property portal, announces a number of new Cypriot properties:
· Front Row Seaview Villa (£65,000, two bed semi-detached house, gated community)
· Acropolis (£298,830, 1 to 3 bed apartments and penthouses, year round rental market)
Properties in Cyprus are unlikely to be an investment opportunity UK investors have considered in the past, so TheMoveChannel.com provides an overview of Cyprus.
Land of Love
Cyprus is one of the most popular tourist destinations in the Mediterranean, attracting over 2.4 million visitors each year. South of Turkey, west of the Levant, north of Egypt, and east-south-east of Greece, this former British colony is still part of the Commonwealth and a recent European Union (EU) member.
Dubbed the ‘Island of Love,’ this beautiful country has been very popular with property investors, who are especially attracted to the south of the island.
While the south has benefited from international investment, the north has lagged behind due to concerns over ownership of title deeds, where legitimacy issues have put off many prospective buyers.
New Hope
The divide between northern and southern Cyprus – the Turkish and the Greek sides respectively - has been raging for 34 years, but now there is renewed optimism in the form of the south’s new leader, Demetris Christofias, who has openly revealed that he is looking to resolve the conflict sooner rather than later.
If the two opposing leaders - Christofias and his northern counterpart Mehmet Ali Talat – can find a way to reunify the country, then the knock on affect could be extremely beneficial for the property market in the north.
Possible Development
A re-unified Cyprus could bring huge investment to the northern part of the island and facilitate infrastructure improvements that would bring the North up to the standards of the South. The tourism industry would also take off, which would inevitably benefit the property market.
Astute property investors are already investigating and laying the ground work in case an agreement does take place in the near future.
With a new Government in the south of the island and the north looking to encourage the acceptance of Turkey into the EU, there seems to be a momentum and desire by both sides to reach an agreement, which bodes well for the future of Cyprus as a whole.
Dan Johnson, Managing Director, comments:
“With glorious weather, beautiful scenery and with over 2.4 millions tourists a year, Cyprus remains a popular destination for property investors.”
For more information on properties in Cyprus and the market in general, please visit http://cyprus.themovechannel.com/
-ENDS-
Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information as well as images and interview possibilities, please contact:
Dan Johnson
Managing Director
www.TheMoveChannel.com
0207 952 7650
TheMoveChannel.com
Jon Moore
020 7952 7658
j.moore@themovechannel.com 
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