Why invest in North Cyprus ?
A number of economic and natural factors combine to make Northern Cyprus the ideal property investment location it is today.
Natural and cultural factors
An average 340 days of sunshine a year make North Cyprus an agreeable place to visit or live and holiday in.
Outdoor activities are abundant, including trekking, golf, sailing and diving, ideal for nature lovers and water sports enthusiasts.
Beautiful golden sandy beaches and ancient monuments,eg. Castles, walled cities, abbeys, Roman ruins, make Cyprus a great holiday location with varied appeal.
Cyprus offers an interesting mix of cultures, with strong UK, Middle Eastern and Turkish influences, in addition, most of the local people speak English and are welcoming and hospitable towards visitors.
Proximity to the European mainland means that Cyprus benefits from regular budget direct flights, making access to the island very easy.
Retired people only need a Residency permit to live in North Cyprus, also you can import a full household of furniture virtually tax free.
As a retirement option, overseas property not only provides potential capital gains and a regular source of rental income but also somewhere to look forward to which boasts a better climate and a cost of living substantially lower than most Mediterranean countries.
There is a comparatively low crime rate in North Cyprus and its friendly people make it a nice place to visit or live.
Economic factors
Competitive prices and a low cost of living compared with other Mediterranean destinations make for an ideal investment climate.
Typical growth rates of 20% per annum in carefully selected locations.
The Strategic Plan for Tourism 2010 is upgrading facilities and resorts in line with 21st century tourism trends. This is set to boost the tourism industry on the island.
North Cyprus has a world demand for property, including from a growing and affluent Russia and former Soviet states.
Rentable properties are in high demand in North Cyprus, with five major Universities, there is a large student population.
Currently properties in built up areas are returning very favourable rental yields of between 7% and 10% per annum.
Please contact us for more information about investing in Northern Cyprus .
