Breaking News Investment Property in North Cyprus Boom
Situated in the eastern Mediterranean, Cyprus is an island of stunning natural beauty with a long and sometimes troubled past. A product of this past is the partition of the Island between North and South, between the Turkish and Greek Cypriots. For many years, it has been the Greek controlled southern half of Cyprus that has been a draw, not only for holiday makers but for those wishing to invest in property. The Turkish Republic of Northern Cyprus Property Investment on the other hand has remained until recently fairly secluded, isolating it from the property booms that many Mediterranean regions experienced in the eighties and nineties. However, northern Cyprus’ seclusion has given way to a much more open attitude in the 2000s, which has opened the door for those wishing to invest in property in Northern Cyprus.
Due to it’s years of isolation you will find property in northern Cyprus to be significantly cheaper than many of the Med’s alternative destinations, including the southern part of the island. Property can be purchased for as little as £30,000 for an apartment, to £100,000 for a full sized Villa. It’s not just cheap prices that northern Cyprus has in it’s favour either. Years of strict planning control by the governing parties of the TRNC have meant the quaint villages have kept there wonderful charm and character. Fear not however, if you believe this means their is a shortage of investable property. The TRNC government has allowed development at certain locations, including the tourist friendly district of Kyrenia on the northern western coast, making sure there is a decent supply of new homes for purchase.
For those wishing to purchase investment property in northern Cyprus, the aforementioned district of Kyrenia provides an excellent location to start your hunt. Teeming with beautiful villages, historical relics and an extremely friendly local populace, Kyrenia is hot favourite with northern Cyprus property investors. Another, is the district of Famagusta which lies to the east of Kyrenia. A big destination for holiday makers in the north, this district, replete with stunning beaches and scenery, provides wonderful opportunities for those wishing to rent out their property and cash in on the tourist market.
All in all, northern Cyprus provides today’s conscientiousness and wise property investor a prime chance to invest in a very affordable and increasingly desirable property location, so why not enquire about northern Cyprus investment properties today!

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