Southern Cyprus has traditionally had all the infrastructure that the North couldn’t afford – from Debenhams to Starbucks, and from beautiful tarmac highways to water parks! Nowadays Northern Cyprus has caught up – the investment is coming directly from Turkey, and from the Russians who formerly laundered (I mean, moved) their money through the banks in the south.
If you haven’t been to North Cyprus for a year or more, you will not recognize its transformation! It has massive roads, it has huge hotels, it has water parks and entertainment centres, it has shopping centres, beach clubs and you get a feeling that the money isn’t going to run out anytime soon.
In terms of real estate Northern Cyprus has been less developed than the south –but it also has more developments standing empty and unfinished thanks to greedy property developers who went bust and stole their buyers’ money.
Southern Cyprus has more schools and hospitals than the North, but nowadays the investment into schools and hospitals in the North is so much more than the south enjoys.
So, one side of the island’s star is rising (the Northern side), whilst the other side of the island is perhaps reaping a little of what it has always sewn. And where southern Cyprus did all it could to downgrade the North’s efforts, and to ridicule it for its power outages and inability to build sectors of its economy, nowadays the North is forging ahead.
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