A UK court has dealt a damming blow to the North (Turkish) Cyprus property market. For years people have bought property in North Cyprus at prices far below the prices south of the division, unfortunately, the reason why prices were so low is now threatening to leave them without a home and with thousands to pay in compensation and back-rent.
Posts Tagged ‘cyprus property market’
UK Court Rules Against British Couple in North Cyprus Property Ownership Row
by Overseas Property Mall on Monday, February 8th, 2010 in Cyprus Property
Is It The End Of The Cyprus Property Boom?
by OP-Mall on Monday, February 16th, 2009 in Cyprus Property

Real estate offices in Cyprus are struggling to sell properties and more of them have increasing fears of loosing their jobs. The main contributing factors to this demise is the loss of the British pound against the Euro and the fact that unemployment in the UK reached an all time high – the worst in nine years.



