Investing in property continues to be deemed one of the most profitable long-term investment opportunities. And, for many people, owning property overseas, whether it be on a beautiful seafront or within a bustling city centre, is a great way to have a place you can call your home when visiting on holiday.
With its unique blend of cultures, rich history, and friendly people, investing in property in Northern Cyprus could be the right option for you. It’s a great place to live, work, or retire with a relaxed and peaceful lifestyle.
A growing market
Buying an apartment in Northern Cyprus can be a great investment opportunity for many reasons. The real estate market in Northern Cyprus is currently experiencing steady growth, making it a great time to buy.
Today, the number of people wanting to own an apartment on the seafront in North Cyprus is growing significantly making it one of the fastest-growing and most profitable markets in the entire Mediterranean region.
North Cyprus offers investors an abundance of advantages, including a warm climate, friendly locals, stunning natural beauty, historic sites, and proximity to the Mediterranean Sea. The region also boasts a world-class golf course, exciting water sports, and picturesque beaches. On top of this, with pending EU membership and growing foreign investment, property values are projected to rise by as much as 20% per year. It’s clear to see that investing in North Cyprus property is a smart decision, as it not only provides a picturesque landscape but also offers affordable housing prices.
Properties in North Cyprus are significantly more affordable than those in South Cyprus, with prices being approximately 2-3 times lower. This is due to the recent changes in the economic and political climate, which has greatly impacted the real estate market in recent years.
The main advantages
The main advantages of buying an apartment on the seafront in Northern Cyprus are:
- Moderate Mediterranean climate
- Great investment opportunities
- Low crime rate
- Warm & friendly people
- Large ex-pat community
- Many English speakers
- Amazing prices
- Easy access to the sea
- Favourable environmental conditions
- Convenient geographic location
- Historical monuments and architectural attractions
- Low property tax
Conclusion
In conclusion, buying an apartment in Northern Cyprus is a great investment opportunity. With a low cost of living, beautiful beaches, a stable property market, a growing economy, and a unique blend of cultures, Northern Cyprus is an ideal destination for those looking to buy a second home or relocate.
