Property – Real Estate North Cyprus
The most popular property for sale overseas is a 3 - 4 bed villa or apartment which is good for renting as well as living in full time. Real Estate located within an hour's drive of airports that are served by budget airlines is ideal for holiday makers so is worth bearing in mind when buying a property in North Cyprus or anywhere else in the world if you are buying to rent.
Prices are low and land rights are being addressed but is it safe to buy real estate in Northern Cyprus? - Article by Graham Norwood
Cyprus has long been a favourite for British holiday home owners and now, after decades of uncertainty, the north of the island is becoming as popular as the south.
It is 34 years since the Turkish invasion of the northern third of the island. But today, people can easily move between the Turkish north and the Greek south, and there are relatively few signs of conflict – indeed, the line dividing the communities is itself a tourist attraction. Although the north remains less affluent than the south, all areas have seen major infrastructural improvements as their economies have grown in recent years.
Investors in North Cyprus property have seen price increases of around 25 per cent over the past two years, yet purchase prices are still at least 30 per cent cheaper than comparable properties in the south. "There are a few properties available for only £50,000, but in many areas you can find a villa with its own private grounds, private swimming pool and three bedrooms for £150,000 or less. It's fantastic value and build quality is high," says Jeremy Muntus of Merryweathers International, a Yorkshire-based estate agency.
"As the popularity of north Cyprus real estate increases, so does investment potential. Tourism numbers are set to escalate following the reopening of the border at Nicosia," says James Gonzalez of Obelisk, another British estate agency selling homes in the north. See Full Article >>
Citrus Properties can offer help and advice every step of the way for anyone looking to buy North Cyprus real estate. We have an excellent selection of property for sale, and if you visit us, you will be shown a range of properties that match your requirements and budget and at the same time we will give you a good tour of different areas so you can get to know our beautiful island.
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