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The Lure of Property in Cyprus
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March 30th, 2007
If you currently own property in Cyprus, then you are already aware of the benefits it can bring you. If you are still looking at houses for sale abroad, then why not consider the benefits of looking at houses for sale in Northern Cyprus?
Recent reports show that with the increase of access points between the North and South of the island, many British people who originally brought Cyprus real estate in the South are now selling and buying Cyprus real estate in the North. This is due in part to lower house prices and living costs, which along with natural charm and beauty of the area and its people, make houses for sale in Northern Cyprus a tempting prospect.
Reports from SEK trade union indicate that over a two year period in the South, petrol prices rose by nearly 60%, meat by 13.5% and overall the cost of life index rose by over 8%, leaving many in a situation similar to that in the UK whereby people were unable to get a start on the property ladder.
While prices are rising in the North, they are still within a budget that makes Northern Cyprus an attractive place for investment.
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