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North Cyprus is at the beginning of a real growth period and is already providing excellent returns over a very short period of time. Investors in North Cyprus can enjoy the investment potential of their property at the same time as receiving rental income. There are no other countries that currently offer this opportunity.
Although there is something of a property boom in progress in the North it is still highly undeveloped, offering prices approximately 50% lower than their equivalents in the South, and at a fraction of the price of more developed Mediterranean countries.
Aspiring first time buyers in the UK are considering using property in another country to get on the ‘buy to let’ property ladder.
Investing in North Cyprus has become far more attractive due to rising interest rates, which have made UK properties more expensive, and exchange rates which allow UK investors to get more for their money.
Whether a main residence or holiday home, property values are predicted to increase dramatically.
In recent years a spate of TV programmes has shown an increasing number of British people are ready to up sticks and invest their money in overseas property, and people are more open to making significant life style changes.
Negative publicity about North Cyprus has actually created opportunities for the shrewd investor, otherwise they would be looking at the same prices as in the south of the island. Those willing to take the risk use local professional and experienced advisors.
In the Kyrenia district expected returns have provided up to 30% or more in one year from plans to completion, with healthy holiday rental returns.
The new up and coming area is East of Kyrenia, Esentepe, Bacheli and Tatlisu is currently attracting a lot of foreign investment. North Cyprus will soon have its first 18 hole international golf course, a shopping complex and a large marina.
There are ongoing discussions regarding North Cyprus joining the EU and this has already resulted in a significant economic uplift, as well as higher demand for property. In February 2006 the EU invested 243 million Euros in North Cyprus.
Making an investment today for your future can be an uncertain prospect, with fluctuating markets and pensions yielding little or nothing in return. Property is no longer considered an ‘alternative investment’, but a way of reaching excellent returns on capital. Investment in overseas property is gaining momentum, risk is minimal providing you take professional and expert advice, and returns can be significant.
North Cyprus has become known as an area of massive growth potential with prices well below other Mediterranean destinations. Gaining recognition that this has become ‘the investment hotspot’.
A holiday home in an area of the Mediterranean untouched by mass tourism?
A property that you can rent out in your absence, but that will be maintained all year round?
Somewhere to live in retirement with plenty of sunshine and a low cost of living?
An investment property to buy that you can sell on before it’s even finished?
An opportunity to take your first step in the property market?
A property that will gain in value however you decide to use it?
“We had our goals when we purchased in North Cyprus and we are achieving them. We want our customers to do the same. We believe it is the right place and the right time, and the market will continue to grow and develop over the next 10 years. The smart investors of today will be the true winners.”
Building your own home
We are pleased to be able to offer our clients the opportunity to purchase individual plots of land in North Cyprus area, all with spectacular views of the mountains and the sea.
You can have a home built to your own specification, assisted by a specialist developer and architect, who will help you to choose the design of your own ‘Dream Home’. High quality marble and granite are used extensively in these homes, and the developer will be delighted to show you around recently built properties so you can see the superb build standard and interior finishes.
There are four different deed types when you buy a property or land in North Cyprus:
British or other foreign ownership pre – 1974
Turkish Cypriot owned pre – 1974
Post 1974 Turkish Cypriot Ownership (TRNC Title Deed): Given to Turkish Cypriots due to them as their lands left in South Cyprus (an exchange of land/property) or (awarded land/property) to Turkish Cypriots by the Turkish Republic of Northern Cyprus (TRNC) Government. Based on the 1983 TRNC Constitution, all the deeds rectified and named as TRNC deeds are freely transferable to foreigners
Leasehold – owned by the TRNC Government who will grant long–term leases of 49 years
All land in the TRNC is measured in Donums – one donum is one third of an acre ie 1388m².
If you are buying land outside the municipal boundaries you can usually only build on a maximum of 20% of that land.
A recommended architect will assist you in planning your property at reasonable rates. Whether you are looking for a traditional or a modern design our excellent architects have a proven track record in creating interesting designs in response to our customers’ ideas, requirements and dreams.
Once plans have been lodged at the District Office, work can commence.
If you decide to opt for a full construction package we will introduce you to and negotiate with a number of building specialists to get the best deal for your build. All our builders are TRNC registered, experienced and also deliver to a very high standard. We will introduce you to parcellation experts – teams who supply the infrastructure to your plot of land i.e. roads, electric and water.
We have many commercial investment opportunities available ranging from a few thousand pounds to £10.5 million for land by the Sea ripe for development for Golf Courses, Theme Parks, Luxury Hotels, Shopping Centres and more……
Please contact us for a Portfolio…
No Investments Available