The market for property in North Cyprus is thriving beside the reunification talks that are currently underway between North Cyprus’ Mehmet Ali Talat and the Greek Cypriot Demetris Christofias. North Cyprus property has been rapidly appreciating since the Annan plan of 2004. Even though the United Nations-supported deal failed, the impetuous that the diplomatic push for reunification injected into property prices is still around, and values have continued to appreciate.

Now, values for property in North Cyprus are still close to a third and a half of those in the Republic of Cyprus, but North Cyprus property experts, investors and developers are focusing their efforts onto the North Cyprus property market, where the present environment looks set to help North Cyprus property values into an rising growth, and make North Cyprus the solution to the question on everybodys lips: where is the best place to buy investment property?

The rational explanation for this is that property in North Cyprus has been affected by the political and diplomatic lack of freedoms that have been placed on North Cyprus for the last two decades. As a reward for backing the UN-backed Annan Plan in 2004 - which was settled by separate referendum votes - the United Nations promised to ease trade sanctions on the North.

That promise was never completely implemented - though the Green Line arrangement, which leaves room for the North to trade supplies into the South was put into place - but this United Nations endorsement, which was duplicated this February after the introduction of Demetris Christofias in the Republic of Cyprus, had a noticeable influence on North Cyprus property values.

The smashing of the border has also successfully conditioned the industry for property in North Cyprus; before now holiday goers were expected to fly to Turkey, stop off, and then take second plane into North Cyprus. Now however, with tourists able to fly into the Republic of Cyprus and simply negotiate the line into North Cyprus, where the same idyllic climates, friendly atmosphere and gorgeous coastlines that have made Greek Cyprus a holiday hot spot are to be seen, but where values are far less.

Demetris Christofias, the left wing leader of the Republic of Cyprus, and his North Cypriot fellow Mehmet Ali Talat are now meeting every week, with the solid aim of finalising a workable blueprint for reunification ‘by the end of the year’ according to Talat. This week the presidents met for the third time, to continue moving forward on the issue of power sharing in a reunified Cyprus. Both leaders are already at agreement on the basic concept of a reunified state, but are still working over differences involving how power sharing in a reunified state will work. The North Cyprus citizens seek a federation, whereas Dimitris Christofias wants a unified central government.

At present there is no official date for this round of talks to close, but each leader know that the will and good will that both presidents have behind them from their citizens and the international diplomatic fellowship will not last longer than a long chunk of diplomacy between North and South for the basic reason that, after three decades of tension, the people of the Republic of Cyprus and North Cyprus are dubious of descending into stalled talks.

It doesn’t matter what exact shape reunification comes in, the knock-on effect for the North Cyprus property market is likely to be a sudden, steep growth in values. For clever investors, North Cyprus is clearly the best place to buy investment property in Europe right now, with prices starting at between a 33% and a half of those in the Republic of Cyprus and properties in North Cyprus are even now enjoying the original stages of the growth which will follow unification.

So North Cyprus property looks like the best place to buy investment property in the continet, if not the globe. So when, with {tough|hard times for the property market in the U.K, we ask ourselves ‘where is the best place to buy investment property?’, the answer will surely be with investment in the North Cyprus property boom.