Investors and buyers are already putting money into real estate in the territory of the unrecognized republic in the north of the island, which is currently, in fact, undervalued. For example, the company Blue C has announced the construction of an entire district there.
The main problem remains the question of the claims of those Greek Cypriots who left their property in this region in 1974, when the country was divided into two parts. However, the company claims that the construction of a new quarter in partnership with Whiterock will take place on legally acquired land.
One of the property owners in the north of the island recently became British world boxing champion Joe Calzaghe, who bought a villa here, reports Prian.ru citing Hotproperty.co.uk.