Property Investment Opportunities in North Cyprus

Property Investment Opportunities in North Cyprus

Why Invest in North Cyprus? There are number of reasons for overseas people to invest in North Cyprus.

Asthe TRNC Property Commission now recognised by Europe, North Cyprusbecome the new hot spot for investmentin the Mediterranean, gaininghigh impactover its competitor destinations such as Spain, Portugal and France. As the likelihood of North Cyprus joining the EU increases, it has caught the attention of both professional and first-time investors. In addition, the current negotiations between the North and South of Cyprus has given prices a boost. Since the border opened fully in 2004 for citizens and tourists alike to travel freely throughout the whole island, more and more people are beginning to discover the uniqueness of North Cyprus as an undeveloped haven.

Capital Appreciation

Properties available starting from 30,000

Buy off-plan at 20% less than market value

Low cost of living outside the eurozone

Buying a North Cyprus property for resale is also yielding fabulous ROI. Buying an off-plan property allows the buyer to pay approximately 20% below market value and pay in installments over 18 24 months according to construction phases. Although prices have already begun to rise, there are still North Cyprus properties selling starting at 30,000 GBP. In addition, the cost of living in the Turkish Republic of Northern Cyprus (TRNC) is considerably less expensive than in the U.K., allowing retirees and residents to enjoy a higher standard of living outside of the eurozone in a country with excellent tax advantages.

Buy-to-Let and Holiday Rentals

Long-term buy to let yielding min 5% return

Holiday lets yielding min 10% return

Mid and High seasons are 28 weeks long

Due to an already high demand and an expected increase in number of tourists, buy to let and holiday rentals are proving to be very profitable investment opportunities. Apartment and villa rental prices vary in North Cyprus according to location,size,closeness to the beach, and amenities aroundbut start at around 250 per week. The mid and high seasons are endure from April through October, approximately 28 weeks long.

As well as thewarm climate, its unspoilt beauty, and rich culture ensures North Cyprus to be a truly unique destination. The stunning mountain views, beaches, and lovely sandycoastline ensure Mediterranean sea views from virtually every North Cyprus property. In addition, new leisure facilities such as championship in Korineum golf course near to Esentepe and the adjacent forthcoming Port Cyprium Marina, have greatly boosted the market.

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