Why North Cyprus Property Investment Opportunities Are On The Increase
North Cyprus property experts are reporting an alarming increase in property enquiries. The most interesting thing is that this increase in interest is not coming from people looking for retirement but from investors with substancal Overseas Property Investment portfolios.
Part of the attraction is that Cyprus has the same banking and legal system, the same electrical infrastructure and road system as we have in Britain and they even drive on the left. Also most people are relieved to learn that crime is practically non-existent anywhere on the island. Health care is also top class and the general amenities are superb across Cyprus.
North Cyprus is a beautiful country with several distinct areas, each with their own particular appeal. If you are buying a home for yourself, decide what you want most; walking distance to a sandy beach, or a mountainside location with views over the sea. The same applies to considering possible rental markets or investment potential; golf tourists will wish to be close to the new course at Esentepe, while couples with young children will prefer to rent a holiday home right next to a beach.
Whether you are looking to buy a holiday home in paradise, a holiday rental to retreat to for your those few precious moments each year, or are seeking a new build investment property within one of the fastest growing European Economies, look no further than Property in Cyprus.
One of the ways you can find land for sale in North Cyprus is on the Internet. This is an excellent way if you just want to get an idea about the different prices you may pay for a villa or an apartment. There are plenty of places on the beach, inland and in the mountains. Looking online allows you to view photos of some locations and you can read about the different places.
You can find a retirement home for less than 200k and an apartment to purchase for less than 100k. The cost of living in this part of the world is extremely affordable and low cost. Just because the cost of living is low cost doesn’t mean the standards are low too. Actually the standards of living is quite high. This wonderful location is set strategically along the Mediterranean where you have wonderful views of the sea and the mountainous ranges.
In comparison to a lot of other countries the procedure of buying property for sale in Cyprus by foreigners is simple. Non Europeans are allowed to the freehold ownership of a villa, apartment or piece of land, of a maximum 4014 square meters. Europeans are currently entitled to a freehold ownership of one villa or apartment. The one property restriction in respect of Europeans will hopefully soon be abolished due to Cyprus’s entry to the European Union in 2004.

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