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  Cyprus
HOME >> COUNTRY REPORTS >> Cyprus
cyprus map
Official name Republic of Cyprus
Capital  Nicosia(Lefkosia)
Population  788,457
Currency  Cypriot pound(CYP) & Turkish New lira(YTL)
Official language   Greek
GDP

 area under government control:$22,700

area administrated by Turkish Cypriots: $7,135

cyprus lines

  STRENGTHS
  WEAKNESSES

Great climate- 340 days of sunshine a year

Easy access to the UK

Cyprus's biggest tourism market has seen an increase in the arrivals from Britain showing a 50% increase in business

The rental market is booming with no commission by a real estate agent who takes a fee for renting your home

With prices as much as 40% cheaper than Spain - and without the reputation for being spoilt by Brits or being overcrowded

A three-bedroom detached villa with a pool currently costs around £250,000 in a prime location

Buying in northern Cyprus, is a fraught and complicated affair

Since the Turkish invasion, the Turkish Republic of Northern Cyprus has issued title deeds to land and property that no one else recognizes.

Cyprus is a divided island

The division of Cyprus has remained an intractable political problem plaguing relations between Greece and Turkey

The continued difficulties in finding a settlement presented a potential obstacle to Cypriot entry to the European Union

North Cyprus is an “occupied” Turkish Republic

   

 

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