Encouragement, through financial investment, from the international community like the EU and US is having a very beneficial effect on the economy. Already North Cyprus property prices are appreciating at a rate of up to 50% per annum, whereas in South Cyprus, prices have stagnated. Furthermore, property prices in North Cyprus are still much cheaper than in South Cyprus, this situation cannot remain for too long and the expectation is that property prices will rise to meet other Mediterranean destinations in the near future, consequently this is a good time to invest.
Northern Cyprus is one of the few remaining ‘undiscovered secrets’ of the Mediterranean. It has a rich tapestry of unspoilt natural beauty, ranging from crystal waters and golden beaches to pine-clad heights of the Besparmak Mountains. For centuries, Cyprus has been influenced by the culture of many nations resulting in an island with a rich and diverse historical and architectural heritage.
The Turkish Republic of Northern Cyprus (TRNC) was created following the conflict of 1974, but as of yet it is not been recognised by the international community. Consequently, the economy has been slower to develop and property prices are now lagging behind those in the South of the island by up to 50%. However, following the admission to the EU by Greece and the Southern half of the island, expectations of more rapid progress towards recognition have been heightened, and property and land prices are beginning to show an upward trend.
More and more investors today are considering North Cyprus Properties for their investment, as there are phenomenal returns to be made. A typical off-plan detached North Cyprus villa costs £60,000 compared to the same in South Cyprus costing around £150,000 - this gap will eventually close, but until then, property investment in North Cyprus apartments and villas will remain an extremely lucrative proposition.
See the availability section of this website for further details of your dream home or contact us on Freephone (UK): 0800 328 0126 or N Cyprus: +90 392 8155 272 alternatively you can register for updates to be kept informed of special offers and progress in the development.