Cyprus is the third largest Mediterranean Island. It is principally a holiday island inhabited by Cypriot people, both Turkish and Greek.
The island is divided into two (North and South) as a result of dispute resulting in separation in 1974. The South contains Greek Cypriot people and the North contains Turkish Cypriot people. The North and South became divided by a border created by the United Nations. The border first became opened in 2004 and since then there have been several new opening and crossing points.
Incoming visitors and tourists can travel freely between South and North Cyprus and visitors generally arrive to airports in the South (Larnaca and Paphos) or in the North Cyprus (Ercan Airport).
This divide has created fantastic business opportunities particularly in The North Cyprus due to the incredibly low costs in The North Cyprus.
By comparison to the South, land, labour and property prices are still substantially less and they are dramatically less than other Mediterranean locations.
A 2 bedroom apartment in Limassol (South Cyprus) would cost between £1 – £1.5M. In the North in an equal location, a 2 bedroom apartment can be purchased from under £150,000. Both properties share exactly the same sea and sun.
