THE CONSTRUCTION SECTOR IS IMPORTANT FOR NORTH CYPRUS

"With the construction sector, a very important movement affecting the economy of the country to a large extent started in Northern Cyprus. In our opinion, the construction sector is not important for us only for its contribution to the economy of the country. We perceive it as a sector that fulfills significant social functions to meet both infrastructure investments and the need for accommodation, which is among one of the most basic needs. For this reason, we give the necessary importance and interest to the construction sector. Many other sectors are activated with the activity of the construction sector Hence, large contributions are given to added value production.

A very large outburst was observed in the construction sector in TRNC. How ever, it was observed that this process started to slow down during the last period. Does your government evaluate this as a recession or as a point of balance? In my opinion, this development in the construction sector continues in its owr routine. This process was emphasized." said Mr. Ferdi Sabit Soyer, prime minister of TRNC and continued...

"especially as the foreigners purchased property, However, the investments, tourism facilities and other construction projects also have a significant share in the growth of the sector, There are also individual constructions made by our people for their own housing need. Hence the movement in the construction sector is continuing. Of course, a sale of property to foreigners is a significant factor but it is not the factor that led to the growth of the construction sector to a large extent. The factors that 1 mentioned also contribute to the development of the construction sector, investment of tourism facilities, opening new factories, determination of new investment areas and start of investments for need of new shops and houses are quite significant. We do not observe a regression in the existing situation.

Is it possible to talk about a regression in the real estate market? The real estate market is progressing in its normal course. There is a certain level of saturation in certain types of real estate; and this saturation shall develop its own rhythm in time. However, we cannot expect 'big-bang', Yes, there has been an 'outburst' but then the sector became stable. From now on, its stable development shall continue.

FOREIGNERS CAN KEEP CONFIDENCE

One of the most important target masses of the construction sector are the foreigners. However, existence of certain problems ied to a decrease in this demand to a certain extent. Do you have projects to attract foreigners to Northern Cyprus? Of course we have. However, there is no doubt that it is very much related with a general solution for the island. Furthermore, the Greek Cyprus part seized the name of the Cyprus Republic unilaterally and is conducting an anti-campaign in the whole world. There are aiso lobby activities, wrong approaches and legal attacks by using the advantage of being a state known by the world and these lead to unfavorable psychological factors. However all of these are temporary factors. As a matter of fact, especially as the foreigners purchased property, However, the investments, tourism facilities and other construction projects also have a significant share in the growth of the sector, There are also individual constructions made by our people for their own housing need. Hence the movement in the construction sector is continuing. Of course, a sale of property to foreigners is a significant factor but it is not the factor that led to the growth of the construction sector to a large extent. The factors that 1 mentioned also contribute to the development of the construction sector, investment of tourism facilities, opening new factories, determination of new investment areas and start of investments for need of new shops and houses are quite significant. We do not observe a regression in the existing situation. of the construction sector are the foreigners. However, existence of certain problems ied to a decrease in this demand to a certain extent. Do you have projects to attract foreigners to Northern Cyprus?

Of course we have. However, there is no doubt that it is very much related with a general solution for the island. Furthermore, the Greek Cyprus part seized the name of the Cyprus Republic unilaterally and is conducting an anti-campaign in the whole continue to construct their houses. the property compensation law that we issued had a positive effect in the international public arena. With respect to it, the Cyprus Greek part came up with a proposal to implement a moratorium to the Northern Cyprus.

As a matter of fact, to British persons having gone to Southern Cyprus get back the position that they lost in the Delegates Commission by using psychological factors. Their justification is as follows "you are constructing houses on Greek property. We observe that some Turkish architects and engineers are arrested with the same justification when they pass over to the South. This shows their frustration. However, we will continue to proceed. For may comfortabiy purchase houses from this country.

I think you also have some projects to promote foreign investments to our country... We have plans that provide incentives to foreign investors in all respects. They vary according o the subject. However, the only thing that will not change is the income of foregin investors to North Cyprus.

	Price: 54950 GBP Apartment/Flat in Lapta North Cyprus