Why a Boom in North Cyprus Property can Benefit Europe
North Cyprus is poised for one of the greatest property booms in recent times; prices there are as little as a third of those in the Republic of Cyprus, but they are expected by many to rise well beyond levels there if the island manages to reunite over the coming year. And that looks likely. Mehmet Ali Talat was the first TRNC president to actively promote the idea of reunification to his people, and it was his urging as prime minister that led to a defiance of former president Denkash’s promotion of islation at the anna Plan Referendum voting days in 2004. He was joined this year by Dimitris Christofias, who as Republic of Cyprus president became the first communist leader to hold a seat in the E.U. He actively promotes the necessity of community in the flourishing of a nation, and so heartily welcomes a return to a unified island. The benefits for that on the people of Cyprus are obvious; the Republic of Cyprus will see some of the revenue from the North Cyprus Property boom and tourist industry, and North Cyprus will enjoy the return to European affairs that the end of the partition will bring for them. But Europe as a whole stands to benefit from the unity, and from the rising prices of property in North Cyprus; the E.U, which as a collective body is only as strong as the sum of its part, will be able to boast the inclusion of an island that is flourishing in so many areas, but particularly in the North Cyprus Property Boom. And that will have knock on effects for the E.U because trade with the island will strengthen relationships and economies for all parties, and it will also strengthen the diplomatic and ideological commitments of the e.U, whose motto remains ‘united diversity’; the unification of a literally divided island into a cogent and fully cooperational political order will embody perfectly the continuing work of the European Union, but also the improving success of their political outlook and framework. So the North Cyprus property boom - which stands at the symbolic pinnacle of the reversal of fortunes for the now flourishing North Cyprus - has also come to represent the strength in the face of adversity that will make the island of Cyprus - as a united entity - such a welcome asset to the European Union. With turkey’s E.U membership, further, relying on its compliance with trade protocol concerning the Republic of Cyprus - which it is unlikely to cede - being only truly resolvable once the Cyprus problem is resolved, the E.U would gain not one fully fledged and unified state, but two; the reunification of the island will allow the E.U to successfully grant turkey - a country with a previously uneasy European relationship - membership to its club. So the North Cyprus property boom stands to benefit a number of parties, from North Cyprus and the Republic of Cyprus, to turkey and the E,U itself.