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Investing In Real Estate Oversees Why North Cyprus Still Has An Advantage?
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Investing In Real Estate Oversees Why North Cyprus Still Has An Advantage?

The concept of "overseas property" means fundamental investment of funds. Selection of the country to invest in largely depends on the budget and the purpose of acquired property – property for future rent, holiday residence or permanent home.

One of the most important factors while choosing a country to purchase a property in is climate and ecology. Nowadays most countries that have “hot property market” have a Mediterranean climate, implying a better environment in all its manifestations: abundance of sunshine, healthy food, clean air, sea. Who among us on a rainy cold day does not dream to be lying on a sandy shore of clean, beautiful sea? Moreover, in the Mediterranean countries people do not live by the code “my home – my castle”. People are generous and open, friendly and hospitable.

After all, Mediterranean is, above all, a different lifestyle and culture. And it doesn’t matter what kind of property you own: studio apartment or a villa – life in the Mediterranean is always a different fresher quality of life.

One of the most popular destinations of the overseas home buyers is North Cyprus. In recent years, the northern part of Cyprus has experienced great changes, and with strong support of the EU and Turkey became one of the favorite destinations of tourists and buyers from around the globe. It is difficult to describe all the natural gifts in the country, located in the Mediterranean Sea.

Property and its prices, luxury sandy beaches, rocky cliffs, climate, living conditions are perhaps the strongest arguments in favour of Northern Cyprus as a choice of foreign country to invest into. Moreover North Cyprus has one of the safest environments in the world, with the criminal rate very low you don’t need to worry about your kids playing outside or on the way to school; you don’t need to put video surveillance around the house in fear of being robbed.

Property in the north of the island still has the lowest prices in the Mediterranean region. In North Cyprus you can easily find an apartment on the sea front for 40000-50000 euro. In North Cyprus you have an opportunity to become the owner of a villa with private swimming pool for 100000-120000 euro. How to make a right choice while choosing a property in North Cyprus? Everything depends on the person's goals, desires and aspirations, as well as family needs. When choosing a property abroad, people often have one or more goals. As the invariable reason - it is a profitable investment, with additional concurrent purposes: residence, education, work, lease, life in Cyprus in retirement age ...

In North Cyprus you can find properties for any, even the most demanding buyer – studios, penthouses, apartments, villas and bungalows near cities, universities, seafront, mountain hills, etc.

Moreover, in North Cyprus, people can purchase properties with credit and loan plans, where the loan is received straight from the builder. This way of purchasing is very popular in Northern Cyprus, and it is no surprised as it’s very comfortable – you pay 20% of down payment and the rest can be paid in installments. Some of the construction companies offer credit plans of up to 10 years. Those buyers, who are willing to pay 100% of the asked price, extend their choice of properties to the resale estate. Some of these properties can be for sale fully furnished, with established gardens, title deeds received, and the VAT paid.

North Cyprus, like Turkey is a country with investment opportunities. Although, more and more foreign citizens every year choose the country for permanent place of living rather than just an investment opportunity. It can be seen that the prices for North Cyprus property are growing steadily over the years.

And if you compare real estate prices in the past few years, it is clear that they are steadily growing. Indeed, the overall dynamics of the decline in housing prices in foreign countries does not mean that it is declining elsewhere. In this popular among foreigners region, property prices show a steady growth. Rental property in North Cyprus is not only staying steady but also shows a growth each year, with more and more people visiting the country.

Ultimately, the goal of people that invest in overseas property is always undeniably the same: stability and increase of capital invested, and most importantly - improved quality of life.


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