North Cyprus is a beautiful and fascinating region that is attracting a growing number of property investors and home buyers.
8 key reasons
- Affordable prices: One of the biggest draws of North Cyprus is the relatively low cost of living and affordable property prices compared to other parts of Europe. This makes it an attractive option for those looking to invest in a second home or retire in a sunny location.
- Beautiful scenery: With its stunning coastline, rugged mountains, and rich cultural heritage, North Cyprus is a paradise for nature lovers and outdoor enthusiasts. The region is also home to many historical sites, including ancient castles, monasteries, and churches.
- Warm climate: North Cyprus enjoys a Mediterranean climate, with long, hot summers and mild winters. This makes it an ideal location for those looking to escape colder climates and enjoy year-round sunshine.
- Growing economy: North Cyprus has a rapidly developing economy, driven in part by the growth of the tourism industry. This is attracting a growing number of foreign investors who see the potential for long-term growth and development in the region.
- English-speaking population: As a former British colony, North Cyprus has a high percentage of English-speaking residents. This makes it easy for foreigners to integrate into the local community and conduct business.
- Easy access: North Cyprus is easily accessible by air, with several major airlines offering direct flights to the region. This makes it an attractive location for those looking to invest in property or retire overseas.
- Favourable tax laws: North Cyprus has a relatively low tax rate, particularly for foreign investors. This can make it an attractive option for those looking to maximize their return on investment.
- High rental yields: With its growing tourism industry and attractive property prices, North Cyprus offers the potential for high rental yields for property investors. This can make it an attractive option for those looking to generate passive income.
Main regions of North Cyprus
Kyrenia
Located on the island’s northern coast, Kyrenia is one of the most popular tourist destinations in North Cyprus. It is known for its picturesque harbour, historic castle, and beautiful beaches. The town is also home to various restaurants, bars, and shops, making it a lively and vibrant place to visit or live.
Famagusta
Situated on the eastern coast of North Cyprus, Famagusta is known for its stunning beaches, crystal-clear waters, and rich cultural heritage. The town is home to many historical sites, including the ancient city of Salamis and the Othello Castle. It is also a popular destination for water sports enthusiasts.
Iskele
Located on the northern coast of North Cyprus, Iskele is a charming town known for its traditional architecture, olive groves, and citrus orchards. It is an ideal location for those looking for a peaceful and relaxing lifestyle, away from the hustle and bustle of larger towns.
Guzelyurt
Located on the western coast of North Cyprus, Guzelyurt is a historic town known for its citrus groves and ancient ruins. The town is also home to many beautiful beaches, making it an attractive location for both tourists and residents.
Nicosia
As the capital city of both the Republic of Cyprus and the Turkish Republic of Northern Cyprus, Nicosia is a cosmopolitan and diverse city with a rich cultural heritage. It is home to many historical sites, including the ancient city walls and the famous Selimiye Mosque. The city is also a hub for business and commerce, making it an attractive location for investors and entrepreneurs.
North Cyprus is a diverse and fascinating region with a range of different towns and cities to suit every taste and budget. Whether you are looking for a bustling tourist destination or a peaceful retreat, North Cyprus has something to offer everyone.
Summary
North Cyprus offers a range of benefits for property investors and home buyers, from its beautiful scenery and warm climate to its growing economy and favourable tax laws. With its affordable prices and high rental yields, it is no wonder that more and more people are investing in this fascinating region.
