Copperline,
I see that you agree that a political settlement will have to include a consensual mechanism for the settlement of the properties issue. Which in turn will have interesting repercussions on the future property map of Cyprus.
I do not mean to belittle Kyrenia, but a TC with property in Limassol is far more likely to want to retain it becaue of the economic activity and chance to make an income, than exchange it for a Kyrenia plot which he can sell once and only once to a foreign holiday home buyer. In view of such considerations and the ease of commuting to and from towns to work, there may be a situation where the two "constituent states" are bizonal in name only and bizonality becomes another tool in the belt of the locals who are not short of business acumen.
I believe situations similar to what I am hinting at above have developed around Monaco, Switzerland and Liecthentstein, where locals have a foot in each side of the border, acquiring domicile and business presence in one or more jurisdictions for tax and financial purposes. I am looking forward to meeting the first multi national shepherd once the Cyprus issue goes the same way. I can imagine him stabling his flock in the south, grazing and milking in the north, trading under both with separate trade marks and no doubt raking in EU subsidies for his efforts.