Property investment in North Cyprus
With over 300 days of sunshine each year, uncrowded beaches and warm unpolluted seas, Northern Cyprus is a dream holiday destination for many Western Europeans. It is also an ideal location for property investment, whether you're looking for a second home, somewhere you can buy-to-let, or a place to retire in the sun.
But why should you choose to invest in property in Northern Cyprus over other destinations such as France or Spain? Put simply, property prices are significantly cheaper in Northern Cyprus, compared to anywhere else around the Mediterranean. Whereas a detached 3-bedroom villa overlooking the Mediterranean on the Spanish coast might set you back 180,000 euros or more, a similar villa in Northern Cyprus is available for under 100,000 euros. Even prices in Southern Cyprus are 50%+ higher than in Northern Cyprus!
Not only is property in Northern Cyprus good value for your money, but it is a sound investment too. The area is currently experiencing a property boom, with growth potential over the next decade set to offer a good ROI. There are no restrictions on renting out property in North Cyprus either, and with the incumbent TRNC Government backing the development of tourism in North Cyprus, letting out your property to increasing numbers of sun seekers should be a breeze.
If this isn't reason enough to invest in North Cyprus property, the cost of living here is one of the lowest of any country bordering the Mediterranean Sea. Prices of supplies and organic produce are substantially less than in the UK, and are often of comparable or better quality. Warm sunny weather, bargain property prices & phenomenal growth potential - what more do you need?
Northern Cyprus is the ideal location to invest in property!