Cyprus investment a case of north vs south

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Cyprus investment a case of north vs south

Legal wrangling should be enough to put people off investing in property in north Cyprus, according to the managing director of a property company focusing on the country.

Derek Watkins of cyprus4investors and cyprus4living said that because of the English legal system in place in the south part of the country, it was therefore an easy option for British investment in the housing market.

However, he stressed that northern Cyprus was a different story and investors should be wary when looking to invest there or not invest at all. His comments come as Monarch became the first budget airline to link the UK with Cyprus.

Mr Watkins said: "I won't promote that because I have my integrity to think of. I am not going to promote anything where my clients could stand a fair chance of losing the property or getting embroiled in legal wranglings."

Cyprus is one of three countries that have the English legal system, the other two being Malta and Mauritius. Mr Watkins said this makes the south an attractive proposition for British investment.

Related News : Housing market

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