Real estate is one of the most reliable and stable forms of investment. In recent years, more and more people have been turning their attention to property in Northern Cyprus. This region has numerous advantages that make it attractive to investors. In this article, we will explore some of them.
Firstly, it is important to highlight the legal status of land in Northern Cyprus. Currently, all ownership-related issues have been resolved, and investors can be confident in their safety. We have previously discussed the legal status of land in Northern Cyprus in our article (add link). Therefore, investors can confidently purchase real estate.
Another advantage of Northern Cyprus is its peg to the British pound, which makes it particularly appealing to investors. The pound is stable and reliable, providing additional protection for investments.
The long season in Northern Cyprus should also be noted. The region enjoys almost year-round sunny weather and a warm climate, attracting tourists and making it an unmatched place for living and vacationing. The island’s pristine beaches have even been mentioned in Forbes magazine, which further confirms their high quality.
Northern Cyprus is attractive to parents interested in English-language education. There are numerous schools and universities where the quality of education meets global standards.
Another important factor is the possibility of transferring property during the construction stage. After paying 30% of the total cost, investors can transfer their rights to the property to another investor, allowing them to earn income even before its completion.
Northern Cyprus is characterized by a new and dynamic real estate market. There has been a rapid growth in demand and property prices. In the past year, according to reports from developers, a 100% increase in value from the foundation has been recorded. This demonstrates great potential and opportunities for investors to achieve high profits.
Lastly, the ecological aspect of Northern Cyprus is worth mentioning. The island is completely free from harmful industries, making it an ideal place for living and relaxation. Clean air, pristine beaches, and a healthy environment attract many people looking for a cozy place to enjoy life.
In conclusion, purchasing and investing in real estate in Northern Cyprus have numerous advantages. This region has a legitimate legal status of land, a peg to the British pound, a long season, pristine beaches, accessible English-language education, the opportunity for property transfer during construction, a new dynamic market, and ecological cleanliness. These factors make it attractive to investors seeking stability and high returns. It is no wonder that more and more people are looking towards Northern Cyprus as a potential place for real estate investments.
