Investment property in North Cyprus is at its best in Whiterocks, where the quality and features of our apartments and penthouses are superior – both in terms of design and in terms of their forecast appreciation as property investments – to any other property on the island.
Buying investment property, especially for beginners, can be a daunting task. North Cyprus, at the moment, fulfills the key factors that almost all tips on buying investment property concern themselves with; namely, property here in North Cyprus possesses a fantastically profitable relationship between its current price and its forecast value in the near future.
Property prices in North Cyprus are lower than those in the rest of the island by between a half and a third. The reason for this is that North Cyprus, which has been separate from the South since 1974, is less developed than the rest of the island due, partly at least, to restrictions on both trade with the EU and international transport links.
With the election this February of Demetris Christofias as leader of the Greek Cypriots, attempts at reunion -which had stalled under Christofias’ predecessor, the nationalist Tassos Papadopoulos- have been revived.
For those thinking about buying investment property abroad these revived talks affirm that the Cyprus property market is a fantastic location for making property investments, simply because property prices are currently negatively affected by a set of affairs that look sure to be removed in the immediate future, thanks to the determination of the respective leaders on the island.
But, as is often the case when making property investments, timing is of the essence. Mehmet Ali Talat, the Turkish Cypriot leader, has publically declared that he wishes to reach a solution to the Cyprus problem by the end of this year.
After five years of complete deadlock between the North and South, Talat’s words might appear optimistic. The fact is though that visits to both Talat and Christofias’s administrations by delegates from both the UN and the EU have resulted in hugely supportive and optimistic accounts of how the current talks are going. Equally, both leaders know that this round of negotiations cannot linger if they have any hope of maintaining the support of both the international diplomatic community and their own people.
The optimism in the reunification progress is already reflected in the appreciating values of property in North Cyprus. Whiterocks apartments are ideal investment properties for beginners, as our expert staff are able to guide the client through each aspect of the purchasing process –from finance options right up to organizing a complimentary interior designer to help the client put the finishing touches to their property.
During the construction period the forecast capital appreciation on Whiterocks properties is 7% - a rate incomparable with any property investments in the UK or in those countries whose name alone once embodied a tip on buying overseas property - places like South France and Spain, where buying investment property is, thanks to the poor exchange rate between the Sterling and the Euro, nowhere near as appealing as it once was.
The luxury apartments that the Whiterocks development is adding to the property market in North Cyprus offer the most appealing properties in a country where wily investors are already buying investment property at an unprecedented rate. With £1500 all that is needed to secure a property today, Whiterocks represents an unsurpassable investment opportunity, so make your move today.