Turkey found it abandoned,grabbed it and looted it.....a few years later there were initiatives for it to be given to the U.N. so its original Greek-Cypriot inhabitants could return as negotiations for a solution progressed,but this was rejected by both sides under various pretexts.(see western plan,1978 and last weeks article by Nicos Rolandis)
Ever since then there have been various attempts to deal with the situation but knowing its value as a bargaining chip,Turkey will not give it up until the Greek-Cypriots come to an overall deal with them or at least meet some serious demands of theirs.The tragedy is that for the first ten years or so many of the buildings could have been renovated quickly,but after more than thirty five years most will have to be demolished as mold has infiltrated them to such an extent that it will be impossible to eradicate(See article by Nathan Morley in the Cyprus Mail on Alan Weissmans book 'The world without us' for which the author was given access to Varosha for research purposes)
Perhaps unknown to most Greek-Cypriots is that the closed area of Varosha is used in certain parts,mainly around the Sandy beach Hotel area by several thousand Turkish Military personnel as a holiday centre and there are a few hundred other people from the Turkish Cypriot municipality who are allowed access to provide services for them such as waste disposal,water,electricity etc.)
By visiting the Return to Varosha site on Multiply.com any one will see that there is a lot of information about Varosha,both past and present including some very interesting recent photos of the closed area.
As a person with an avid interest and family connections there I have always wanted to go back,but am well aware that many of the older former inhabitants are no longer alive and their descendants have no particular desire to go,even if they could...and under the best scenario,it would be at least five years before the town could be rebuilt.