North Cyprus Property Investment
Property Investment in North Cyprus
There are many great reasons to consider purchasing a property in North Cyprus for both fun and profit; here are a few great reasons why any serious investor should not miss this opportunity:
Over the past 5 years, North Cyprus’s popularity with holiday makers from across Europe has been increasing rapidly year on year. This has lead, as in all other holiday destinations, to an equally rapid growth in ownership of property by non-Turkish nationals from many European countries, but significantly from the United Kingdom and Ireland.
Many of North Cyprus’s airports have recently been fully re-furbished with new terminal buildings.Large amounts of capital have been invested by the North Cyprus Government on the improvement of infrastructure including new motor ways to enable shorter travel times to the main holiday resorts.
Many new Golf courses have been built to attract a higher end consumers and others are currently under development in the city of Kyrenia.
The cost of property in North Cyprus, whilst still very good value for money when considered against property in the already built up markets of Spain, France, U.S.A and Portugal, has risen in many areas by up to hundred percent over the past 3 years.
Property is still available from below £25,000 for a one bedroomed apartment in the Kyrenia area and the potential rental yields could prove very attractive to the serious property investors looking to diversify their portfolio.
The climate in North Cyprus is amazing, the people are friendly and helpful and North Cyprus is quickly becoming the destination of choice for an ever-increasing number of holiday makers looking for a cheaper alternative to Spain or Portugal for their summer holidays.
There are an increasing number of budget airlines starting to fly into Cyprus airports and they are extending the length of the season to allow for those who have holiday homes.