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Location For Investment - Critical Success Factor
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Location for Investment - Critical Success Factor

Cyprus is the most eastern, the third largest, and according to many, the most beautiful and romantic island in the Mediterranean Sea. North Cyprus after a tough recent history is finally opening to the world. Holiday offers in North Cyprus do not disappear from the first pages of travel magazine and catalogs all over the world. The latest news from England says that, at last, tour operators started offering holidays not only in the South but also in the North of Cyprus.

Nowadays, buying property abroad is no longer a fairy tale or a dream -it became an everyday event. Northern Cyprus offers particularly favorable conditions for real estate buyers. Today, the situation in the property market of Northern Cyprus has developed for foreign customers in the most favorable way. Visa-free country, favorable climate for living, inexpensive real estate, European education in schools and universities, residence permit that is easy to get, a peace-loving and friendly people...

The island has become a special tourist attraction. Worldwide property realtors, as well as estate agencies in North Cyprus have declared a rapid increase in property viewings in North Cyprus in recent months. In connection with the cheap offers travel packages, tourists began to seriously consider purchasing a second home in this beautiful country.

The eastern part of the island in recent years saw a lot of investments and developments in infrastructure: a new highway stretching across the northern coast of the island was built connecting the popular tourist resorts – Kyrenia, Famagusta, Bafra and Karpaz.

Boasting tourism in North Cyprus also helped the opening of new port in North Cyprus. “Gates of Karpaz” is the new yacht port with capacity for more than 300 yachts.

Construction companies in North Cyprus offer a flexible and favorable terms of payment for the purchase - payment by installments, mortgage for up to 10 years. By signing a contract to purchase real estate - apartments or villas, the buyer gets an instant profit through steady growth in value of property in Northern Cyprus. Additional income you may have on the rent, which is always in demand in North Cyprus, not only for the tourist season, but also for long-term. Effect of inflation makes your purchase of real estate more valuable. Given the fact that the annual property tax is very low in Northern Cyprus, acquired property does not require you to pay high maintenance costs.

Buying a property in Northern Cyprus can become a profitable investment if the property selected correctly.


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