This is why you should invest in real estate in Northern Cyprus

Cyprus is a favorite holiday destination for tourists from around the world. The island’s natural beauty and its historic buildings make it an interesting destination. Its beaches are among the most unmoved in Europe! There are many destinations in Northern Cyprus, including Nicosia (the capital), Famagusta and Kyrenia that you can visit if you want to take a break from all the crowds! The coexistence of different cultures makes for an interesting mix that is worth seeing. You shouldn’t miss this when you visit our island!

Visiting Cyprus is an enjoyable experience that has something to offer everyone. With so many buildings and sites to see, there will be plenty of opportunities to invest on your journey too! From ancient ruins dating back to BC to modern houses that are located in different areas of this beautiful island nation. You can’t go wrong with this destination!

Opportunities to invest in real estate

The country’s real estate market is still in development. There are therefore many opportunities for everyone who wants to invest there. However, you should be very careful when considering projects. Buying a home doesn’t always go as planned and requires professionalism from start to finish. Expert advice is crucial before deciding on a platform that best meets your own needs and specifications.

The best way to protect your investment when you buy or rent a property in Northern Cyprus is to use the British pound. This protects you against exchange rate fluctuations (Turkish lira) as well as inflation that can result from the depreciation of currencies such as the US dollar, the euro, etc.

The cost of living on the island has dropped significantly due to lower gasoline prices. Turkish is currently considered a national and official language, but almost all Cypriots also speak English! Education is very important here: 96% of the citizens of Northern Cyprus have completed school education. Northern Cyprus emerged after an international crisis in 1974, when this area was divided between Greece (north) and Turkey (south).

The island’s vibrant culture and rich history make it a fascinating destination. The real estate market is still developing, so there are many opportunities for those who want to invest in the future of this beautiful country!

Residence permit when buying real estate

Northern Cyprus is a fantastic destination for anyone looking to settle down. The low cost of living and the unique nature make the island an attractive place to live, work or travel through on your way to another location!

If you buy a property worth €125,000 in Cyprus, you will also receive a residence permit for the first 3 years. And after 2 more years, you can obtain a permanent residence permit and also have rights for children born in this country!

High rental income

Northern Cyprus is an emerging destination for investment. Thanks to the high rental income, new projects in the region have a guaranteed return with a payback period of 7 to 10 years! Apartments in Famagusta and Iskele have sales prices ranging from £400 to £450 per square meter. For apartments for investment, prices start at £25,000 to £30,000. The daily rents are around £35. If it stays that way, it’s worth investing in Northern Cyprus.

High requests for rent

The Turkish Republic of Northern Cyprus has 350 thousand inhabitants and hosts 1 million visitors every year. This high demand for rental housing is one reason why the market is still active. 120 thousand foreign students and visitors are on the island every year looking for apartments or apartments.

The higher education sector in Northern Cyprus is experiencing unprecedented growth. The number of students at universities on the island rose rapidly. This not only led to an increase in universities, but also in private schools, which are aimed directly at them. Colleges here cost only a fifth of private schools in Turkey and are therefore another reason to move to the island.

Prices for renting real estate and furniture on a monthly basis can range from 1000 to 5000 TL. A popular area that offers day rentals at an affordable price is Iskele Long Beach. Due to its low cost and rapid development opportunities in this area, it has become one of the most sought after places in the city.

Caution should also be involved in the process!

In order to invest wisely, it is important that the properties purchased are at a lower price than the counterparts in our market. In this way, we can take advantage of the immediate purchase and invest wisely!

When you invest in a property, it’s important to consider all factors that can influence the price. The most important factors to consider are age and the city district. For example, if the building looks old or has recently been renovated, there may not be as many rental options on the lower floors. Most prospective tenants would rather pay less than settle for newer installations such as central air conditioning systems.

Conclusion: Northern Cyprus, an attraction for investors!

There’s so much to see on your journey that investing in the country’s real estate market could be a great opportunity. The economy is in the process of developing, which means there are many opportunities for those who want to prepare for an investment.

Even with the high rental income, Northern Cyprus is quickly becoming an emerging investment destination. New projects in the region have guaranteed returns on their investments in this emerging country.