Holiday Rentals News - Election result 'could boost Cypriot investment'

Election result 'could boost Cypriot investment'

The result of the recent presidential election in Cyprus "bodes incredibly well" for property investors in the northern part of the island, it has been claimed.

Rhiannon Williamson, director of Amberlamb.com, explained that incoming president, Demetris Christofias, has raised the possibility of uniting the economies of the two areas of the island, something which she says will boost the north.

She said: "It would bring massive investment to the northern third [of the island] to bring infrastructure up to the standards of the south, it would see the tourism industry take off, direct flights landing at Ercan airport, and it would see a safe, secure and attractively priced property market boom."

Ms Williamson did warn that there is still an element of risk when investing in Northern Cyprus because it is far from certain that the two economies will be integrated.

However, she believes this will not deter speculative investors hoping to profit from a solution to the island's problems.

President Christofias, leader of the left-wing Akel party, was elected to office at the end of February.

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