The talks between the Greek Cypriot President Demetris Christofias and the Turkish Cypriot leader Mehmet Ali Talat and mark important steps in reunification since the Turkish invasion and the violence and riots that followed 34 years ago.

These talks are not just vital for the healing of relations between the two sides; they are also useful for Cyprus as a whole.

Reunification would mean a boost for the Cyprus property and tourism markets, not to mention the economy as a whole.

Director of Property International Russell Price comments: "Following two hour talks between Demetris Christofias and Mehmet Ali Talat, the news that they hope to come to an agreement about Cyprus's future, hopefully by the end of this year, is very promising."

Price continues, "Property prices will be given a substantial boost, as tourist levels are set to rise further, and getting to the country will become more accessible by way of direct flight into Ercan Airport in Northern Cyprus."

Cyprus is a popular place for British property seekers and emigrants, particularly the retirement sector, and these promised changes will only serve to continue its popularity.

"The cost of living in Cyprus is significantly lower than in the UK," says Price. "Both property prices and rental yields are set to soar as further steps towards reunification of  Cyprus are made."

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Article first published 09 September 2008