British Bases deal triggers real estate prospects
Cypriots owning land in non-military areas inside the British Bases can sell or develop their property, following a milestone agreement between Cyprus and the UK.
The British Bases are lifting restrictions on property development within non-military areas, allowing for business and tourism growth stunted for decades, with local authorities expecting an avalanche of applications.
The agreement comes into force on Monday.
It will essentially open up the bases to commercial deals that could change the development maps in coastal areas such as...
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Article automatically added to our system on Sunday, May 15, 2022
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