Why Invest in North Cyprus?
- TRNC Property Commission now recognised by Europe
- North Cyprus is replacing other areas as the new hot investment area
With the TRNC Property Commission now recognised by Europe, North Cyprus has proven to be the new hot investment opportunity in the Mediterranean, gaining ground over 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.
Properties remain at a low price point now, but with the elimination of visa requirement bringing us one step closer to a Cyprus solution, it is only a matter of time until property prices increase. Don’t miss out on this critical time to secure your holiday home or investment property at current low price points and watch your property appreciate. Read more news about this subject!
- Properties available starting from £45,000
- Buy off-plan at 20% less than market value for investment
- 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 £45,000 . 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. Explore our properties for investment in North Cyprus.
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
Buy to let is also a very attractive option when purchasing a North Cyprus property. Rental accommodation in North Cyprus is in high demand for both short term holiday lets during the long summer season and for long term residential letting all year around. Whichever terms you decide are best for you, receiving a regular income with minimal risk or outlay gives buyers competitive ROI. With properties starting from as little as £45,000 in sought after beachfront locations you can purchase an overseas property much easier than you may have thought. Take a look at our range of villas and apartments for sale in North Cyprus now.
Tourism in TRNC
- Average summer temperature is 25 C
- New 18 hole championship golf and forthcoming Marina!
The Mediterranean climate is hot, sunny, and dry, and temperatures average in the mid-20’s from April through October. As well as the ideal climate, its unspoilt beauty, and rich culture ensures a truly unique destination. The stunning mountain ranges, beaches, and lovely coastline ensure Mediterranean sea views from virtually every North Cyprus property. With the political advances in North Cyprus and the expectation that direct flights to Ercan International Airport will start soon, tourism is starting to increase. In addition, new leisure facilities such as the brand new championship standard Korineum golf course near to Esentepe and the adjacent forthcoming Port Cyprium Marina, have greatly boosted the market.
Northern Cyprus Economy
- Low Taxation
- New industries emerging
The European Commission, the International Monetary Fund and other international organizations have recognized the economic stability of North Cyprus. Tourism has played a major part in the economy and has overcome political instability. Textile, service and petroleum industries are thriving. Foreign investors can benefit from advantage of fiscal incentives and relatively low taxation.