Lifestyle & Property North Cyprus

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Ledra Street Shopping and Duty Restrictions

Ledra Street, the main shopping district in the medieval heart of old Nicosia was divided back in 1964 when British peacekeepers erected what they foresaw as a temporary barbwire barricade between the street’s fighting Greek and Turkish shopkeepers.

Following the 1974 troubles in Cyprus, the barricade became permanent and it remained so until last Thursday.  The 3rd of April 2008 should be seen as an historic day for Cyprus because it was on this day that the barricade on Ledra finally came down.  But looking to the here and now, how does this historic event affect the way lives are led in North and South Cyprus?  What does the future hold for Ledra shopping and duty restrictions for example?

Forbes Rates North Cyprus's Property Market

Forbes Rates North Cyprus's Property MarketForbes magazine recently lumped the whole of Cyprus together in a report about the state of the property markets in Europe and had the nation lying in second place to Poland in terms of its positive real estate fortunes in 2007...but the image used to illustrate the allure of Cyprus was certainly one of the Northern third of the island!

So it seems that suddenly this beautiful part of the world is receiving stronger than usual attention.  According to estate agents on the island this is also the case...they are reporting that Easter was busier than they had expected, and that now thanks to the positive political developments in Cyprus, the number of inspection trips booked for the rest of the year is well up on their 2007 figures.  This means that North Cyprus could actually have one of the most dynamic real estate markets in Europe by the end of 2008.

Exploring North Cyprus's Ancient Castles

Exploring North Cyprus's Ancient CastlesAs the weather warms up and the flowers bloom across the stunning Northern Cyprus coastline, so the island welcomes walkers in their droves who come to examine the rare orchids for which Northern Cyprus is famous and who also come to explore some of the dramatic landmarks for which the island is also well known.

If you’re considering taking a break in TRNC why not spend some time exploring North Cyprus’s ancient castles?  Even if you aren’t a keen walker or you’re coming to the island in the heat of the summer sunshine when walking too far is pretty impossible, you can still get close enough to each magnificent castle to be impressed – we promise you!

International Broker Paves Way for North Cyprus Mortgages

International Broker Paves Way for North Cyprus MortgagesThere has been a wealth of good news to hit the headlines in Cyprus this month.  Firstly the Republic of Cyprus voted in a new president who has committed to work with his counterpart in North Cyprus, Mehmet Ali Talat towards a solution to the ongoing division of the island, and now an Ireland based international mortgage brokerage is going to be offering mortgages for property holding pre 1974 title deeds in North Cyprus.

The brokerage has made it clear that it ultimately wants to be able to offer mortgages on all properties in North Cyprus, but that it is starting with pre ‘74 as it watches the political developments closely.  If you’re thinking about making a move on the real estate market before prices rise once the news about the impending solution to the Cyprus Problem and the fact you can get mortgages spreads internationally, may now well be the time to buy!

Cyprus Elections and Property in North Cyprus

Cyprus Elections and Property in North CyprusNorthern Cyprus is moving closer towards worldwide recognition and acceptance each month and as it moves closer, so the property market in North Cyprus develops, matures and heats up as confidence in it grows.The news announced today that President Papadopoulos has lost his re-election fight in south Cyprus is naturally bad news for him, but exceptionally good news for North Cyprus and all those with property assets and interests in the Turkish Republic of Northern Cyprus.

Because politics are complicated at the best of times and even more so when it comes to Cyprus where there is partial EU entry, partial isolation, an armed border post and highly emotive issues involved, we thought we’d have a stab at explaining how the south Cyprus elections may have a profound and positive impact on those with property in North Cyprus in this article in order to assist you.

North Cyprus Sets New Standards For Luxury Holidays

North Cyprus Sets New Standards For Luxury Holidays If you’ve never visited North Cyprus before I can appreciate that it is very difficult to get a clear perspective on what the island is really like.  You have tales of it being unspoiled and of being able to spend lazy days in ancient villages surrounded by smiling locals and their donkeys (!) – you have negative propaganda telling you it has been ruined by concrete and an invasion of dodgy criminals because of the nation’s lack of an official extradition policy, and every time you look for information someone somewhere is actually trying to sell you a villa or an apartment.

Well, the truth about Northern Cyprus is that it is beautiful and the majority of people are trying to maintain its charm and tranquility – and if you want to visit or even set up home in a unique location where you can enjoy great freedom in a stunning setting whilst enjoying a seriously high quality, low cost of living, Northern Cyprus is going to appeal to you.  And as if to embody this very fact, North Cyprus now sets new standards for luxury holidays with a handful of brand new and super five star hotels and vacation resorts.

North Cyprus, Shopping and the Euro

North Cyprus, Shopping and the EuroOn the first of January 2008, Cyprus – as in the Republic of (south) Cyprus - joined the euro.  The country and its citizens are slowly getting used to the new currency and giving up their Cyprus pound with which they were always able to dupe Brits into thinking everything was a bit of a bargain when they went on holiday when in reality, the Cyprus pound was in the region of 20% more expensive that its British namesake!

So, now that the Greek side of the island has adopted the euro, where does this leave the Turkish Cypriots and the expats living on the north where the volatile Turkish lira is the official currency?  In this article we look at North Cyprus, shopping and the euro as well as how the economies and people of Cyprus get along really!

About North Cyprus Goes Russian

About North Cyprus Goes RussianNow that the silly season is over and North Cyprus has calmed down from the Bayram, Christmas and New Year celebrations, it’s time for many people to get back to work.  As one of the largest employment sectors on the island, the property market in Northern Cyprus is one of the first sectors to call everyone back in to work.

January is one of the busiest months for estate agents in North Cyprus and property developers as well; this is because many would-be homebuyers from the UK and Northern Europe spend January making plans for inspection trips later in the year.  And this year these home seekers are expected to be joined by fellow property hunters from Russia.  Russian interest in Northern Cyprus is intensifying and so About North Cyprus goes Russian in response to this growing base of interest!

Retiring to Northern Cyprus and Making New Friends

Retiring to Northern Cyprus and Making New FriendsThe thought of retiring abroad is increasingly on pre-retirees minds nowadays for a number of specific reasons.  Firstly, as the state pension in the UK is eroded by ever higher costs of living in Britain it makes sense to examine whether other, overseas destinations can allow for the state or even a private pension to go that much further.  Secondly, more and more people are retiring abroad and it is becoming easier to do so.

But with the decision to expatriate in retirement comes a number of issues, concerns and worries.  In this article we’ll tackle retiring to Northern Cyprus and making new friends – because with a good network of familial and friendly support behind you, you can do anything!

Market Shopping in North Cyprus

Market Shopping in North CyprusI don’t know about you but I love a bit of market shopping!  Just browsing stallholders’ wares or bargain hunting, haggling and finding unique items not for sale in any of your high street chains can be a lot of fun.  If I’m on holiday and there’s a market I’m straight there!  The good news for visitors and residents in TRNC is that there’s a whole host of opportunities for market shopping in North Cyprus.

Lapta, Guzelyurt, Karaoglanoglu, Lefkosia, Karsiyaka, Alsancak and Girne all have markets that take place weekly in the majority of cases, and which offer the buyer or the browser plenty of stalls to peruse.

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