With the rigours of election taking its toll on Barack Obama, and the world weatching hopefully as he stepped up to deliver his winning speech as president elect and the first ever black president, Senator Obama could be forgiven for forgetting for a moment the little island of Cyprus, nestled away in the mediterrenean sea

2008 has been a year of change For one, Cyprus reunification is now back on the agenda after the appointment of Dimitris Christofias to the presidency of the Republic of Cyprus, joining Mehmet Ali Talat to solve the disputes over Cyprus reunification

This week, Senator Barack Obama beat John McCain in the presidential elections for the USA, to become the first black president of the country Citizens of nations across the world are heralding the news as a triumph, calling the ascension of a citizen of African-American descent to the White House a 'world changing' event

A row broke out in Cyprus this week between church and state President Christiofias, who has led the Greek Cypriots since February of this year, was publicly criticised by the Bishop of Paphos Georgios, who was speaking on behalf of Archbishop Chrystostomos, over his progressive attitude to the Cyprus Problem and his well known desire for reunification between the two sides

The election, in February of this year, of Demetris Christofias in South Cyprus has produced a shift in the diplomatic relationships between the Greek and Turkish sides of the island Christiofias’ predecessor, Tassos Papadopoulos helped persuade the Greek population to reject the Annan plan in 2004

The property market in North Cyprus is flourishing alongside the reunification talks that are currently underway between North Cyprus’ Mehmet Ali Talat and the Greek Cypriot Demetris Christofias North Cyprus property has been steadily increasing since the Annan plan of 2004

Buying investment property in North Cyprus is becoming increasingly popular for overseas property investors, and several reasons for this boom in investment can be identified, reasons that go beyond explaining the interest of individual buyers purchasing investment property and make clear the surge in property development by companies eager to cement their position in the rejuvenated North Cyprus property market early

Buying investment property in the right place might just be the solution to our economic woes, according to some overseas property experts With property prices in the UK and much of Europe now falling or, at the best, stagnating, property investors are looking toward emerging property markets where values are appreciating

Your life is dominated by the recession It doesn’t matter who you are

These are historic days for North Cyprus, with reunification talks revived after several years of stalled diplomacy and entrenched pessimism on both sides of the line which runs across and splits the Mediterranean island – the Green Line In terms of the property market in North Cyprus, the progress of the reunification talks are of massive importance, and anybody thinking about making an investment in rental property abroad should be keeping a close eye on them