Whiterocks Resort - Bafra, Northern Cyprus - Property Investments
In partnership with Group RCI
Call now 0090 392 8155 272
Register for a FULL Informaion Pack
The North Cyprus Property Boom
North Cyprus -
The World's Largest Emerging Property Market
With reunification imminent, the North Cyprus property boom is marking out Cyprus as one of newest areas of prosperity in Europe.
In recent years, Cyprus has been has been characterised by notable economic growth. The government in the south of the island has predicted annual economic growth of 4% and the TRNC has seen a boom in tourism, as more and more people flock to the island to chase its beauty.
What has marked the island out in recent years though, is the North Cyprus property boom. Linked naturally to increased tourist interest in the north of the island, property investment has flourished because the tourist interest - plus economic growth across the island - is increasing potential value. But property prices in North Cyprus are still just a third of those in the Republic of Cyprus, despite the vast and beautiful natural landscapes that North Cyprus has to offer.
That combination of affordability and beauty has led to sustained and growing interest in North Cyprus, and it has been named one of the world's leading property hot spots by a substantial number of experts and commentators.
Forecasts predict unprecedented yields of 17%
The unique thing about the North Cyprus property boom, however, is the prediction that reunification of the island would bring a substantial rise in property value, so that North Cyprus has the twin advantages of current low prices and future value growth. And the natural beauty of the island, which has been bringing tourism to the island despite the partition, will only accelerate economic growth and property investment in North Cyprus.
Reunification of the island is inevitable
Republic of Cyprus president Dimitris Christofias and Turkish Republic of North Cyprus (TRNC) president Mehmet Ali Talat are the first pairing since the partition to take reunification truly seriously, and have become close friends since Christofias took office earlier this year.
All the indicators are positive, and it is expected that there will be a reunification referendum within the year. With both leaders including reunifications aims in their respective election campaigns, the likelihood of citizens in the Republic of Cyprus and North Cyprus responding positively are very high indeed.
Whiterocks Resort - The best in North Cyprus Property Investment
The Whiterocks resort is at the forefront of the movement. The only resort fully supported by Turkish government, and the first luxury resort development in North Cyprus, it is certain to benefit from high forecast capital appreciation, with predictions for a 17% yield on properties in north Cyprus; and with properties starting at as low as £86,000, it is a quality investment, and an affordable one.
North Cyprus, with its unwavering beauty, economic growth, and the North Cyprus property boom, makes for a promising island indeed.
