GUARANTEED RETURN ON INVESTMENT IN NORTH CYPRUS RESORT PROPERTY

INVESTMENT IN REAL ESTATE IN NORTH CYPRUS

“Northern Cyprus offers the best coastline property investment opportunities IN THE WORLD.”

HOW IT WORKS?

Investing in real estate for resale or rental income is extremely profitable, and we have made sure that this process is very simple and profitable for you. All you have to do is use the form below to send us your request. We will contact you and provide you with complete information about the most profitable options for investing in real estate in Northern Cyprus.

HOW DO YOU EARN RESALE INCOME?

Investing in real estate under construction is an easy and reliable way to get income from investments. By investing in a real estate object at the construction stage, you have the opportunity to resell an already built object at a higher (market) value.

HOW DO YOU EARN RENTAL INCOME?

You either organize the process of renting out your property yourself (using, for example, such popular services as Airbnb or Booking), or you can use our "Trust Management" offer, according to which we fully guarantee the profitability of your property and take responsibility for full maintenance of your property.

PROSPECTS

Investing in North Cyprus Real Estate with us can be easy and profitable! Discover new opportunities - start investing today in real estate in Northern Cyprus and get a guaranteed income of up to 10% of the property value per year

CONTACT US ONLINE

Contact us and get up-to-date investment opportunities and expert advice in real estate in Northern Cyprus. By sending a request, you will receive comprehensive information about the most attractive and reliable projects in Northern Cyprus with the highest possible ROI

CHOOSE PROPERTY

Choose your investment and arrange a deposit transfer; we will take care of everything else

COMPLETE THE PURCHASE PROCESS

We invite you on a three-day free trip to Northern Cyprus so that you can independently check your property before buying and complete the transaction.

MEETING

We will organize a transfer for you from the airport to the apartment where you will stay

ACCOMMODATION

You have the opportunity to relax for free in the apartments that we have reserved for you

CONSULTATIONS

We will arrange for you a meeting with representatives of developers, professionals and consultants who will talk about the processes of planning, construction, finishing and answer all your questions regarding the purchase of an apartment in Northern Cyprus

REAL ESTATE TOUR

You will see all the properties that will be of interest to you. We will show you everything you want to see in North Cyprus and we will also organize a tour for you to the most interesting sights in North Cyprus.

GET YOUR INCOME

Sell ​​your property to earn a return on your investment or rent out your property for a permanent passive income

GET A SELECTION OF NORTH CYPRUS INVESTMENT RESORT PROPERTIES


Off-Plan properties are considered to be one of the most effective investment options when it comes to capital gains.

Real estate in Northern Cyprus is an opportunity to earn a return on investment through capital growth – even more than with traditional investments

INVESTMENT IN REAL ESTATE IN NORTHERN CYPRUS

WHAT IS ATTRACTIVE ABOUT NORTHERN CYPRUS?

– Climate. 300 sunny days a year, an average annual temperature of +25 degrees and the purest Mediterranean Sea. There are no harmful industries, the air is clean and fresh, the island is well ventilated, so there is no sweltering heat and humidity in summer.
 
– Health. Ecologically clean organic products, an abundance of fruits and vegetables, especially citrus fruits, fish – the Cypriot diet contributes to a long and healthy life. Children, walking in the fresh air every day, become stronger and healthier, stop getting colds.
 
– Security. Northern Cyprus is a country with virtually zero crime. Here, even strangers greet you in a friendly way, do not lock cars and houses with a key, leave bags and phones on tables in cafes. 
 
– Availability of life. The cost of living in Northern Cyprus is practically the same as in Russia. A food basket for a family with 2 adults and 2 children is about $70 per week, apartments in a new building by the sea – from £35,000.
 
– Perspectives. In Northern Cyprus, very low prices for the countries of the Mediterranean region with a very efficient and progressive development of the region. The cost of real estate in neighboring countries is 2-3 times higher. In the near future there will be a jump in property prices, so many far-sighted people, including Russians, are investing in Northern Cyprus now and have the opportunity to receive a good passive income.
 
– Rental income. At present, the sector of tourism, casino tourism and education is flourishing. As a result, the apartment rental market is a saturated market. Rental demand is high throughout the year. Even if you don’t want to rent your apartment to students, more than 50 complexes with modern infrastructure have now been built: swimming pools, sports and playgrounds, shops and restaurants. And at the moment, about 30 large complexes and more than a hundred separate apartment buildings are being built in different parts of Northern Cyprus, which will be provided with rent from the influx of tourists. 

Now you can choose cozy holiday apartments in a complex with magnificent views, swimming pools, within walking distance to the sandy beach, at prices starting from $35,000.

IN NORTHERN CYPRUS YOU WILL FIND EXACTLY WHAT YOU NEED:

  • Apartments in modern complexes with restaurants, playgrounds, gyms and entertainment, right on the seashore
  • Cozy apartments in traditional secluded complexes for a calm and measured rest or life
  • Modern villas and townhouses with swimming pools

HOW DO WE HELP OUR CLIENTS TO MAKE THE RIGHT CHOICE WHEN BUYING PROPERTY IN NORTHERN CYPRUS?

Our experience in North Cyprus allows our clients to make confident investment decisions. Our reliable team will take care of everything from legal and financial issues to attracting tenants and maintaining your property. Whether it’s investment advice, support, or both, rest assured that we take your best interests seriously.

WE CARRY OUT A CAREFULL ANALYSIS OF PROPERTIES IN NORTHERN CYPRUS, BOTH PROPERTIES PURCHASED FOR THE PURPOSE OF LIVING OR FOR INVESTMENT FOR THE PURPOSE OF RESALE AFTER THE PROPERTY IS DELIVERED OR RECEIVING A REGULAR INCOME FROM RENTING APARTMENTS

WHAT CRITERIA FOR EVALUATING A PROPERTY IN NORTHERN CYPRUS AFFECT ITS INVESTMENT ATTRACTIVENESS

Price range

External infrastructure

Coastline

Distance from the sea

Construction quality

Rental potential

Estimated resale value

Available options for financing the purchase of property in Northern Cyprus:

Documents defining the ownership of real estate in Northern Cyprus

ADVANTAGES OF BUYING A PROPERTY UNDER CONSTRUCTION:

When buying a property under construction or planning, you have a choice. For example, you can choose the floor you need, view, choose the right finishing materials, etc.

PAYMENT

A big advantage of buying a property under construction is the payment schemes available. Developers in Northern Cyprus offer options with a 30 percent down payment with a grace period of up to 36 months, as well as preferential loan options for up to 15 years.

DISCOUNTS AND SPECIAL OFFERS

Getting a discount on ready-made real estate is not always easy. However, if you are buying a property in a project under construction, you can always count on discounts and special offers. In addition, very often developers offer promotional gifts in the form of design packages and luxury household appliances.

BE SURE TO USE THE SERVICES OF A PROFESSIONAL REAL ESTATE AGENCY IN TRNC

Buying a property in Northern Cyprus is a simple process if you have all the necessary information. In some cases, the process of paperwork for property can be confusing and lengthy.

To avoid uncertainties, we carefully check each property in Northern Cyprus for legal cleanliness – whether the apartment is the subject of disputes and whether it is listed in the register of collateral. 

We also make sure to make a formal request to the Land Registry to determine who is the legal owner of the home and if there are any disputes, mortgages, liens or other restrictions on the property. 

If you decide to use the services of a lawyer yourself, we recommend that you use the services of a lawyer registered with the Northern Cyprus Bar Association.

Our lawyer will search the relevant Land Registry and check for any encumbrances that may interfere with your investment and/or cause future operation problems, and make sure the property is registered in the name of the party you are buying the property from.

WE PROVIDE PERMISSION TO PURCHASE REAL ESTATE IN THE TRNC FOR FOREIGN CITIZENS

According to the current legislation, foreigners who wish to purchase real estate in the TRNC must apply for a permit to purchase real estate to the Ministry of Internal Affairs.  

A purchase permit gives the buyer the right to become the legal owner of the property. During this process, the Ministry of the Interior conducts land registry, military and immigration searches.

The process of transferring property rights begins as soon as you receive permission to purchase. At this point, your lawyer will complete the required forms and pay taxes, and then the title deed will be registered in your name and you will become the legal owner of the property.

THE MAIN ADVANTAGES OF INVESTING IN REAL ESTATE IN NORTHERN CYPRUS

The Turkish Republic of Northern Cyprus (TRNC) is a new Mediterranean hotspot! Buyers and investors from the UK, Eastern and Western Europe, Scandinavia and the Middle East are increasingly investing in North Cyprus property.

Northern Cyprus is slowly becoming one of the most popular real estate investment destinations. Northern Cyprus is especially attractive for residents of those countries whose national currencies have weakened in recent years. Due to the currency crisis, there was an urgent need to save the rest of the capital in order to protect assets from future risks.

How you can benefit from a safe, low cost but fast growing property investment in Northern Cyprus in this unique non-Eurozone economic area with an international population. from around the world.

 

NORTHERN CYPRUS IS NOT IN THE EURO AREA

Northern Cyprus’ status outside the Eurozone, previously seen as a boost by many, has recently become a huge bonus and selling point for overseas property buyers. All property prices in Northern Cyprus are pegged to the stable pound sterling, which is the de facto international currency in the TRNC, where shops and restaurants also widely accept all major world currencies. In North Cyprus, investors and luxury property buyers have the “best of both worlds” – fixing the value of their property in a stable currency and at the same time enjoying a low cost of living (due to the favorable exchange rate against the Turkish lira), which makes the North Cyprus Cyprus is more than affordable.

 

CLIMATE

Northern Cyprus offers an average of 340 sunny days per year and the warmest winter temperatures of any European region, while being warmer than Turkey.

 

AVAILABILITY

There are two major airports in Cyprus: Ercan (Lefkosha) in the northern part and Larnaca Airport in the south of Cyprus. Any property applicant with a European or Commonwealth passport or a Schengen visa can enter free of charge through the Larnaca Airport Global Center which offers amazing connections around the world. Ercan Airport in northern Cyprus does not require a prior visa and is therefore ideal for non-Schengen citizens who can easily and inexpensively arrive via Turkey.

 

SAFETY AND LOW CRIME

A recent study by Value Penguin confirmed that Cyprus is one of the safest countries in the world. Cyprus is proud to be ranked 5th in the world out of 106 countries that were analyzed in the study of the safest countries in the world. In addition, Cyprus is the safest place to live and travel among countries with a population of less than 5 million people.

 

WELCOME ALL

Yes, that’s right, almost every passport holder in the world can enter or live in Northern Cyprus without a prior visa. Moreover, almost every citizen can also buy property in the TRNC! Once you have an address, you can easily apply for a Northern Cyprus residence permit (preparation takes 21 days), which can be renewed annually if you can prove that you are able to support yourself financially and that you do not have infectious or serious diseases.

 

EASY TO GET A RESIDENCE PERMIT

Happy property owners in Northern Cyprus can apply for a residence permit in the country. However, if in the southern part of the island the minimum investment amount is 300,000 euros, then in the north there are no such requirements. The procedure is free and takes about 3 weeks. Homeowners over the age of 60 can live in Northern Cyprus without a residence permit. To apply for a residence permit, the property owner must open a bank account and replenish it with a certain amount (at the rate of $ 10,000 for each family member) to prove their solvency. The residence permit must be renewed annually. After 7 years of residence in the TRNC, you can apply for citizenship.

 

REAL ESTATE PRICES ARE LOWER COMPARED TO SOUTH CYPRUS

Real estate in Northern Cyprus is much more affordable than in Turkey and many other Mediterranean regions for the same level of real estate. It is also more exclusive and offers a unique island vibe. However, it is still very far from the level of Southern Cyprus. In South Cyprus, in the cities of the “first level” (Limassol, Paphos), ordinary one-room apartments by the sea cost at least 130,000 euros.

(If you get to Northern Cyprus, you will pay only 50,000 euros for the same object! The average price per m2 is from 1000 to 1200 euros. The average amount of real estate transactions in Northern Cyprus is 75,000 euros. Traditionally, about 80% of apartments in new buildings sold already at the initial stage of construction).

 

GROWING INVESTMENT 

Over the past few years property prices in Northern Cyprus have risen significantly. Every year the cost of square meters increases by 10%.

(Property prices in Northern Cyprus are rising by 10% per year in key investment areas. In other regions, prices have been extremely stable. This is in sharp contrast to falling prices in other regions of the eurozone. The reason why property prices in Northern Cyprus have remained the same level so stable is that North Cyprus properties were built with private capital and NOT loans from the international banking system.Consequently, the North Cyprus property market was insulated from the global banking collapse).

The most profitable resale strategy is to buy an object at the zero stage of construction, when the developer sells it at the lowest price. After completion of construction (as a rule, this is a period of 1.5-2 years after the start of construction), the object is resold at the market price of the sold objects. Real estate value increases up to 30% due to the increase in capital from construction in progress to the final implementation of the project.

         Price change * for one-room apartment, GBP (Northern Cyprus)

2014

2015

2016

2017

2018

2019

2020

22 600 £

24 900 £

27 900 £

32 900 £

37 900 £

42 900 £

47 900 £

         * Prices are indicated at the initial stage of construction in pounds sterling.

Low tax rate

Property tax in the northern part of the island of Cyprus is quite low. In the table below, we have mentioned the taxes and other fees that a foreign owner has to pay for a property.

Real estate purchase taxes

Tax amount

Stamp duty: Payment upon signing the contract of sale.

0.5% of the property value.

Value added tax – VAT: payment by the time you receive the keys from the developer.

5% of the value of the property.

Transformer charge: (electricity and water supply). Payment by the time you receive the keys from the developer.

(1,200 – 2,000 GBP) depending on the type of property.

Other payments

Lawyer services

£1300

Transfer fee, title acquisition

1% of the property value.

Installing an electricity meter

1100 Turkish Lira

Installing a water meter

400 Turkish Lira

Annual property tax *

1.25 Turkish lira (about 0.15 euros) per 1 sq.m.

Annual cleanliness tax *

100 Turkish Lira

Annual fee for the maintenance of the complex *

from 40 to 60 pounds (per month), depending on the residential complex.

    Note: * means this payment is due annually.

INCREASED RENTAL YIELD

Commercial real estate in Northern Cyprus (shops, offices), like any other country, brings more income than housing. On the other hand, the risks are higher, and it will require a fairly solid investment. Not every investor can afford it.

Residential real estate in Northern Cyprus is becoming more expensive every year. In addition, by offering holiday homes for rent, the owner can receive 10% per annum. The most popular are studios and apartments with 1 or 2 bedrooms.

The maximum profit at the moment brings short-term rent. With effective management, the owner of such property earns up to 15% per annum.

 

NORTHERN CYPRUS IS UNTAPPENED NATURE

The untouched natural charm of the traditional villages and the beautiful welcoming nature of the Turkish Cypriots are very attractive to property buyers. Against the background of many villas and residential complexes in Northern Cyprus, the Beshparmak (Five Fingers) mountain range quickly rises, which descends to the beaches of the northern coast.

TRNC real estate investors have the choice between urban properties with easy access to Kyrenia’s charming harbor with its Monte Carlo style nightlife, restaurants, casinos and yachts, or seafront or mountainside properties in a village or countryside surrounded by fields, olive trees. or carob groves and local flavor, but many are only 20-30 minutes away from the bustling city. Even many houses in the city center in Northern Cyprus have mountain views and a view of St. Hilarion’s Night Castle located on the mountain tops beyond Kyrenia.

Untouched nature is always close to the owner of a property in North Cyprus, whether you choose the north, east or west coast as your preferred location. The popular east coast near Famagusta and the pristine more remote Karpaz Peninsula offer the long sandy beaches of North Cyprus, while the less developed west coast is great for water sports and kite surfing, fueled by tailwinds from this side of Cyprus.

Whatever environment you love, you will find it in Northern Cyprus. The popular east coast near Famagusta and the pristine more remote Karpaz Peninsula offer the long sandy beaches of North Cyprus, while the less developed west coast is great for water sports and kite surfing, fueled by tailwinds from this side of Cyprus. Whatever environment you love, you will find it in Northern Cyprus.

The popular east coast near Famagusta and the pristine more remote Karpaz Peninsula offer the long sandy beaches of North Cyprus, while the less developed west coast is great for water sports and kite surfing, fueled by tailwinds from this side of Cyprus. Whatever environment you love, you will find it in Northern Cyprus.

 

 NORTHERN CYPRUS IS A RICH CULTURE

 Northern Cyprus offers a unique combination of history, great cuisine, Turkish culture, classical music and other festivals. Where else in the Mediterranean can you find, in such close proximity,  annual classical music festivals?against the backdrop of the mesmerizingly beautiful Bellapais Abbey, unique Turkish Cypriot cuisine with a wide selection of world-class restaurants in North Cyprus, traditional crafts and other local festivals, and a rich history of ancient castles, tombs and sites dating back thousands of years, including Greek temples, Roman cities , Persian palaces, Crusader castles and much more! In addition, the natural beauty of the Karpaz wilderness and the Besparmak Mountains that rise beyond Kyrenia, the “pearl of the Mediterranean”, makes most first-time visitors to Northern Cyprus realize that they have unwittingly begun a love affair that will be their whole life. long passion.

 

SIGNIFICANT GROWTH IN THE NUMBER OF UNIVERSITIES AND ACTIVE STUDENTS

Northern Cyprus has long been a country where the education sector has been a very important place with its advanced universities and the number of students in the field of education. In recent years, the number of active teaching universities has increased to 18 with the opening of new universities. With universities approved and expected to start teaching soon, this number will rise to 26. Today, the number of active students in TRNC has exceeded 100,000 and this number is increasing by 12-15% every year. This creates serious opportunities in both real estate and investment areas and contributes to the growth of the country’s economy.

 

GROWTH OF TOURISM IN NORTHERN CYPRUS

According to new TRNC government statistics, tourism in Northern Cyprus has increased significantly over the past 12 months – with an increase in the number of tourists from different regions, including Europe (France and Germany grew by 25%), North America (Canada and the United States grew by 10 and 20%) . , Scandinavia (up 50% in Finland), even new arrivals from China (up 18%)!

 

 

LIFESTYLE CHEAPER THAN SOUTH CYPRUS

Usually North Cyprus is cheaper than South Cyprus. The main reason for this is that the Turkish Lira is used in Northern Cyprus, which is more favorable than the Euro (which is used in Southern Cyprus). The Turkish Lira currency is beneficial for tourists and people living in Northern Cyprus as it makes it cheaper than in Southern Cyprus. Due to currency advantages, not only is it cheaper when you spend on restaurants, beach clubs, car rentals, etc., Northern Cyprus also often offers better value for money quality hotels compared to hotels south of the southern border.

 

NO DISCLOSURE OF INFORMATION ABOUT THE SOURCE OF MONEY

Due to international sanctions and non-recognition of the TRNC, the banking sector is largely isolated from international financial institutions. Banks operating in this region do not have access to the SWIFT system and have almost no correspondent banking relationships outside of Turkey. In addition, any information disclosed to the Ministry of Finance, including the names of beneficial owners (properties or companies), as well as financial or other information about properties or companies and their owners, remains strictly confidential.

 

 

CYPRUS BEACHES HAVE THE BEST WATER QUALITY IN THE EU

According to a report by the   European Commission and the European Environment Agency (EEA) published on June 8, 2020, Cyprus has the highest proportion of bathing places with excellent water quality in the European Union – 99.1%. The survey covered 113 bathing places. in Cyprus, of which 112 were found to be of excellent quality. According to the report, in five countries, 95% or more of the bathing places had excellent water quality: Cyprus (99.1% of all places), Austria (98.5%), Malta (97.7%), Greece (95.7% ) and It says Croatia (95.6%).

 

NEW ERCAN AIRPORT TO ACCEPT DIRECT FLIGHTS FROM EUROPE

The TRNC Minister of Tourism, Unal Ustel, said that after the completion of the construction of a new terminal at Ercan Airport, campaigns will be launched to launch direct flights to Northern Cyprus in Europe and the UK. The new Ercan will operate at the same level as other modern international airports, ensuring passenger safety, flight safety and quality service. Northern Cyprus Prime Minister Ersin Tatar said that work on the new runway and terminal at Ercan Airport has been completed and the opening date has been set for October 29, 2020.

 

SINCE ONE OF THE LARGEST GAS RESERVES IN THE WORLD WERE DISCOVERED IN CYPRUS, THE ISLAND HAS BECOME POPULAR WITH FOSSIL-FUEL GIANTS 

On October 31, 2018, Turkey began its own oil and gas hunt off the coast of Antalya, and this race could spark new tensions in the region. Over the past decade, exploratory drilling has unearthed vast reserves of natural gas and oil off the coast of Cyprus, Egypt, occupied Palestine and Lebanon. The Mediterranean Sea, Mare Nostrum, is rapidly becoming the focus of tensions related to maritime borders and economic exclusion zones (EEZs). Two regional disputes exacerbate the problem: the Israeli-Palestinian conflict and disagreements over Cyprus itself, the island has been divided since 1974.

Ankara has also not ratified the 1982 UN Convention on the Law of the Sea (Unclos) due to its concerns over Article 87 Part V. Following Ankara’s line, the TRNC claims joint ownership of the island’s natural resources and opposes Nicosia’s attempts to make unilateral offshore drilling contracts . In September 2011, the Turkish Cypriots signed an “agreement on the delimitation of the continental shelf” with Turkey. On this basis, the secessionist regime has declared an “economic exclusion zone” comprising half of the Cypriot EEZ and comprising blocks 1, 2, 3, 8, 9, 12 and 13.

Explored gas reserves, dispersed across 13 blocks of part of the self-proclaimed EEZ of the Republic of Cyprus, are estimated at 10-12 billion cubic feet. The natural gas alone in Block 12, called Aphrodite, which is being drilled by the likes of Noble Energy, Royal Dutch Shell and Delek, is estimated at 4.5 billion cubic feet. On February 8, 2018, the Italian giant Eni announced the discovery of gas in Block 6 Calypso. According to Cypriot media, its proven reserves are estimated at 6 to 8 billion cubic feet. But these numbers remain small compared to the wells belonging to Egypt (Zohr, 30 billion cubic feet) and occupied Palestine.

For the first time in its history, Cyprus is de facto playing an important role in regional politics and security. Thus, this step may present a real opportunity to bring economic benefits to Northern Cyprus.

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