- Cyprus Property News Magazine - http://www.news.cyprus-property-buyers.com -

Sovereign Base Areas development agreement in full

signing the Sovereign Base Areas agreementFULL details of the landmark agreement between Cyprus and the United Kingdom enabling the development of land within the Sovereign Base Areas (SBAs) have been released.

The agreement lifts restrictions on the development of land in the non-military areas in the Sovereign Base Areas that have been in place since Cyprus gained its independence in 1960.

Earlier today President Anastasiades briefed community leaders and party representatives on the agreement, which has been hailed by many as “historic”.

The agreement applies to properties extending to approximately 198 square kilometres, representing 78 per cent of the Sovereign Bases area.

Under the 1960 Treaty of Establishment, properties within the Akrotiri and Dhekelia SBAs could only be used as agricultural land and no building development was permitted.

The agreement will benefit 3 Municipalities and 17 Communities:

Most of the communities affected by the agreement have welcomed the new arrangements, but some expressed their doubts as to whether they would be allowed to develop their properties.

Further reading

The arrangement between the government of Cyprus and the government of the United Kingdom relating to the regulation of development in the Sovereign Base Areas.