Cyprus entered the Euro currency in January 2008 which will bring interest rates in line with Europe providing mortgages at fantastic rates. Being a full member of the E U Cyprus is considered to be a property hotspot with good investment potential.
NOW is the time to buy, off-plan is the best way to buy, start your enquiry now by contacting us, after all you have nothing to lose, our services are free to you with no obligation whatsoever.
We now know that the exchange rate is pegged and 1 Euro will be worth 0.585274 Cyprus pounds. You should find this useful for any stage payments you need to make in 2008 where the contract may be in Cyprus pounds, but the payments will need to be in Euros! Talk to these people to get the best rates with no charges for our clients. (Click here)
Independence from the UK was approved in 1960, with constitutional guarantees by the Greek Cypriot majority to the Turkish Cypriot minority.
In 1974, a Greek-sponsored attempt to seize the government was met by military intervention from Turkey, which soon controlled almost 40% of the island.
In 1983, the Turkish-held area declared itself the "Turkish Republic of Northern Cyprus," but it is recognized only by Turkey. The latest two-year round of UN-brokered direct talks - between the leaders of the Greek Cypriot and Turkish Cypriot communities to reach an agreement to reunite the divided island - ended when the Greek Cypriots rejected the UN unity plan in an April 2004 referendum.