Hopefully, the new government in Greece may just provide the impetus that Cyprus needs to finally sort out the political morass that has soured relations in this corner of the Mediterranean. For too long, any social and economic progress on the island has been hampered by the division of Cyprus and by the dogged refusal of the two sides to shift position. The opening up of the dividing wall across Ledra Street, in 2008, was a start, but there has been no clear progress in deciding upon a long-term future. For those thinking of investing in property Northern Cyprus, finding an answer to the issue of property claims is essential before risking large sums of money.
Property For Sale in Cyprus – Investment in Northern Cyprus: Foolish or Inspired?
With the economic crisis biting deep, investors are beginning to explore other European destinations for investing in property. Turkey and much of Eastern Europe have reasonably priced property, but the integration into the European Union is not yet complete. Albania is attracting a lot of interest, but has to update and complete its land registry.