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Why invest in Northern Cyprus?

Why North Cyprus presents a unique opportunity for the Property Investor.

North Cyprus house prices have been predicted to double over the next 5 years by sources giving the following reasons as market drivers:

  • North Cyprus is a great holiday and investment destination and is already very popular with European holidaymakers. It has an English Legal system (all contracts will be in English) house prices are in Pounds sterling and English is widely spoken throughout.  

  • Capital Gains. Prices are currently half the price of South Cyprus and less than a third of the price of Spain. Investors can be in line for a windfall once the recession is over.

  • This is the time to invest in property. The Northern Cyprus Government is encouraging foreign investment, current legislation stipulates that in the event of disposal of your first property no capital gains tax is payable on first property sold, and thereafter there is a 3.5% tax.

  • Affordability and value for money. This is the time to buy. Recession is on the way out, property prices are low but rising as demand picks up and the banks start lending again.

  • Flexible payment plan. northcypruspd.com arranges flexible payment plan options directly with the local development partner on behalf of the investor. Investors can be comfortable in the knowledge that they can make staged payment for the property of their choice taking into account their personal cash-flow circumstances.

  • Direct flights are available to the newly built Ercan International Airport from Turkey.  Direct flights are also available to Larnaca and other destinations in the South side (approximately an hours drive across the border from Larnaca on the Greek side Southern Cyprus)

  • Possibility of political settlement with the South as U.S.A. and the UN are bringing strong pressure on to the Greek Cypriot side to accept a United Nation sponsored Annan Plan based solution following the 1974 ethnic disturbances between the Greek and the Turkish Cypriot.

  • First mortgages are becoming available in Northern Cyprus which in itself will send what is currently a cash buyers market into orbit.

  • Rental yield in excess of 6% in choice areas and rising due to demand for student accommodation and holiday lets.

  • Superb educational opportunities for children of longer term investors who wish to educate their children in the British style schooling system in Northern Cyprus, recognized world wİde for excellent output. There are currently 6 universities all internationally recognized.

  • It’s been a long time coming, but the new Esentepe golf course in Northern Cyprus (Korenium Golf & Country Club) is well worth the wait. This important North Cyprus development is not just a boom to the golfer, but also to anyone looking for property for sale in North Cyprus as an investment for the future.

  • Residency permits available for Property Owners (Property Owners can apply for full Northern Cyprus citizenship after 5 years of owning a property). The government actively encourages foreign investors to settle in the country and boost their economy.