Paul Owens, Chief executive of the Association of International Property Professionals commented: “You need to do your homework, do your research and make sure you take independent legal advice to make sure you are buying what you think you are buying.”

The Mediterranean island destination is unique for property investment as it is with thousands of years of history, a perfect year round climate, stunning natural beauty and yet it has remained untouched by mass development and mass tourism because the island of Cyprus is divided and until recently Northern Cyprus was effectively unreachable. Theprices have risen by up to 50% but still they remain up to two thirds cheaper than prices in southern Cyprus. Investors are aware that this disparity will not remain forever and that now they are buying into great potential for substantial property price growth.

The more good news is Northern Cyprus has a plethora of spectacular castles, natural harbors and a view of the Turkish coast on the horizon. Rental investors and developers are entering the market in large numbers for letting to tourists and for sale to expatriates, retirees and those looking for a holiday home in the sun.

According to Matt Gross, of the New York Times, Northern Cyprus is attracting increasing numbers of tourists and there is a 35 per cent increase in bookings to the northern part of Cyprus. Northern Cyprus is also a “desirable” location for prospective property investors looking for a booming destination as it boasts many appealing factors, including a stable economy, a warm climate and great lifestyle facilities.

The reason Matt decided to visit the North Cyprus was to explore the ancient relics and ruins that the island is famous for but which remain lesser explored. He has also stated that he visited some of the best sites in the North and enjoyed the beach, the sunsets and the stars, and all in all, according to the New York Times website.

North Cyprus has a great deal to offer residents of all ages. Overseas buyers thinking of relocating their family to the island, retiring to North Cyprus is the best option. After all, in retirement expats want a good standard of living, quality healthcare and also a decent home to call their own which are all reasons why North Cyprus comes top for retirement abroad. The cost of living in North Cyprus is a fraction of what retirees are used to paying in the UK. Substantial public and private investment is being pouring into infrastructure improvements across North Cyprus. This bodes well not only for the value of real estate in Northern Cyprus but of course for the lives of all those who live in or retire to the island.

According to the Daily Mail, Property hunters looking for a holiday home or sunny spot to retire may wish to consider buying in northern region to take advantage of the low prices available, due to the north still trading in Turkish lira. Northern Cyprus offers a wide variety of attractions, including good beaches, food and guaranteed sunshine.

Nick Bointon, from Llandovery, west Wales, told the newspaper that he initially thought of buying in the south to start his holiday business but decided to take a day trip up north to explore

He commented: “The prices here are amazing … It’s a very unspoilt place.”

The cost of property in Northern Cyprus is still around half as much as those in southern Cyprus for comparable properties. However, citing predictions from market experts, the newspaper added that Prices will continue to rise, it adds, with the country expected to grow and develop further.

In The seaside resort of Bogaz Close to the town of Farmagusta where a third of homes at the new Palms development have been sold to British and Irish buyers. Five-bedroom villas set in one-third of an acre plots with pools and roof terraces are available for £240,000. Prices start from £65,193 for a one-bedroom apartment. The resort will eventually have a nine-hole golf course, tennis courts and restaurants,

Meanwhile, Blue see developments commented: ” the EU-led economy of the south, combined with the already large and ever growing tourism and property interest in north Cyprus, would be a powerful combination indeed.” .