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About real estate in Northern Cyprus

14.09.2022

Optimal, in terms of key parameters, properties near the sea belong to the territory of Northern Cyprus, Colombia and Brazil, and are also located in Belize and Mexico. Such results were announced based on the results of a large-scale study of the real estate market by specialists from Live and Invest Overseas.

The annual index contains a detailed description of the value of real estate in terms of maximum comfort of stay, including retirement age. This index is justified by the price of an object with an area of ​​70-100 m2, two bedrooms and two bathrooms.

In most cases, such properties are of interest to connoisseurs of a comfortable beach holiday. Equally important are the good prospects for profitable investment in generating income from the rental agreement and the generation of finance that comes in local currency. Great ecology and mild weather conditions with salubrious air and plenty of sunshine are a very significant aspect of choice today.

A key feature of North Cyprus real estate is its proximity to the Mediterranean Sea. Turkey and European countries are located nearby. The former British colony is:

  • properties that are attractive in terms of price and quality,
  • guaranteed security;
  • hospitality of the locals;
  • a fairly well-developed tourist infrastructure, represented by popular clubs, popular gambling establishments and quite affordable luxury hotels.

The acquisition of a condominium with a picturesque view of the sea waters and direct access to the beach area will cost an average of 74-76 thousand US dollars. Real estate transactions are carried out using British pounds.

It should also be noted without fail that the procedure for financing developers is characterized by low requirements in terms of the amount of capital. East Coast real estate is of particular interest.

The territory of Iskele is incredibly picturesque and comfortable island beaches with clear waters and soft sand, as well as a huge selection of seafood-based specialties. Retirees have a wealth of options to choose from, including modest residences, eclectic villas and luxurious mansions, as well as a friendly and safe environment.

The potential for political tensions should be taken into account before making a final investment decision, but Northern Cyprus remains traditionally attractive to property buyers.

 

Original article

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