Why North Cyprus Property Investment? (Benefits & Opportunities)

Jun 21, 2023 | North Cyprus

North Cyprus is a hidden gem of the Mediterranean, offering a unique combination of natural beauty, cultural diversity, and economic opportunity. One of the most promising sectors of the TRNC economy is real estate, which has been attracting investors from all over the world. Buying property in North Cyprus can be a smart and profitable decision, as it offers many benefits for property investors. There are numerous reasons why North Cyprus Property investment is an exceptional opportunity.

Low Property Prices

One of the main advantages of buying property in North Cyprus is the affordability of the market. Compared to other European countries, or even the south of Cyprus, North Cyprus has very low property prices, making it an attractive option for investors who want to get more value for their money.

There are various studios, apartments, villas available for sale. You can find some of latest properties with affordable prices later in this post in the some affordable properties section.

High Rental Income in North Cyprus

Another benefit of buying property in North Cyprus is the high rental income that you can earn from your investment. North Cyprus has a high demand for rental properties, especially from tourists, students, and expats who visit or live on the island. You can also benefit from the long rental season in North Cyprus, which lasts from April to November.

The high rental income in North Cyprus is mainly due to the popularity of the island as a tourist destination, as well as a hub for education and business. In fact, North Cyprus was ranked as one of the best beachfront buys for 2021 by Forbes magazine.

Capital Appreciation in North Cyprus Real Estate

Third benefit of North Cyprus property investment is the capital appreciation that you can enjoy from your investment. Capital appreciation is the increase in the value of an asset over time. North Cyprus has a growing economy and a stable political situation, which means that the property market is likely to appreciate over time. The island is also undergoing major infrastructure and development projects, such as new roads, airports, marinas, golf courses, and hotels, which will enhance its attractiveness and accessibility for investors and visitors.

benefits of interesting in real estate north cyprus

Tax Benefits

Another reason for North Cyprus property investment is the tax benefits that you can get from your investment. North Cyprus has a favorable tax regime for property investors, with low or no taxes on property purchase, ownership, rental income, and capital gains.

Moreover, there is no income tax on rental income for non-residents, and no capital gains tax on property sale after five years of ownership.

Residence Permit

In North Cyprus you can obtain residence permit for yourself and your family. The process is simple and straightforward, and only requires you to submit some documents and pay a small fee. A residence permit will allow you to live and work in North Cyprus legally, as well as enjoy the benefits of the island’s health care and education systems.

The residence permit in North Cyprus is mainly due to the island’s policy of welcoming and encouraging foreign investors and residents. The TRNC government recognizes the importance and contribution of foreigners to the island’s economy and society, and therefore offers them various facilities and services to make their stay more comfortable and convenient. For example, foreigners can easily open bank accounts, start businesses, enroll in schools, or access health care in North Cyprus, without facing any discrimination or bureaucracy.

Lifestyle

The lifestyle that you can enjoy on the island is a considerable reason for why North Cyprus property investment is a smart thing to do. North Cyprus has a lot to offer for anyone who loves nature, culture, and adventure. North Cyprus has a warm and sunny climate all year round, with an average temperature of 19°C and more than 300 days of sunshine. The island also boasts some of the most beautiful beaches in the world, with crystal clear water and golden sand.

Moreover, North Cyprus has a rich and diverse culture, with influences from Turkish, Greek, British, and Middle Eastern civilizations. You can explore the island’s history and heritage through its ancient monuments, castles, churches, mosques, and museums. You can also experience the island’s cuisine and entertainment options through its restaurants, bars, cafes, festivals, and events.

The lifestyle in North Cyprus is mainly due to the island’s natural beauty, cultural diversity, and economic opportunity. North Cyprus offers a unique combination of relaxation and excitement, of tradition and modernity, of isolation and connection. You can find your own balance and harmony on this island, where you can live your dream life and enjoy benefits of living in North Cyprus.

Safety and Low Crime Rates

North Cyprus is one of the safest countries in Europe, with a low crime rate and a peaceful political environment. According to ValuePenguin from 107 analyzed countries, Cyprus is the fifth safest country in the world and the first in countries with population less than 5 million. The country has a friendly and hospitable population, who welcome visitors from different cultures and backgrounds. The country also has a reliable police force and a stable legal system, which ensure the protection of human rights and the rule of law.

north cyprus real estate investment

Some Affordable Properties (Investment Opportunities)

Here you can find some of properties with lower prices which are considerable for North Cyprus property investment.

Latest North Cyprus Studios with Low Prices

Terra Life – Ground Floor Studio

£79,000Start From

With the breathtaking scene of the sea and nature! Terra...

  • 1 bath
  • 32
£79,000 Start From

Terra Life – First Floor Studio

£95,000Start From

With the breathtaking scene of the sea and nature! Terra...

  • 1 bath
  • 32
£95,000 Start From

Terra Life – Ground Floor Studio Loft

£95,000Start From

With the breathtaking scene of the sea and nature! Terra...

  • 1 bath
  • 47.3
£95,000 Start From

Terra Life – First Floor Studio Loft

£110,000Start From

With the breathtaking scene of the sea and nature! Terra...

  • 1 bath
  • 47.3
£110,000 Start From

Latest North Cyprus Apartments with Low Prices

Tanzania Homes – Type B 1 Bedroom Ground Floor Middle Apartments

£145,500Start From

Tanzania Homes is a brand new project that will provide...

  • 1 bed
  • 1 bath
  • 42
£145,500 Start From

Tanzania Homes – Type A 1 Bedroom Ground Floor Middle Apartments

£145,500Start From

Tanzania Homes is a brand new project that will provide...

  • 1 bed
  • 1 bath
  • 42
£145,500 Start From

Ayyorgi Gardens – Garden Floor 1 Bedroom Apartments

£173,750Start From

Landscaping areas and trees which are complementing the different streets...

  • 1 bed
  • 1 bath
  • 46
£173,750 Start From

Ayyorgi Gardens – First Floor 1 Bedroom Apartments

£173,750Start From

Landscaping areas and trees which are complementing the different streets...

  • 1 bed
  • 1 bath
  • 46
£173,750 Start From

Latest North Cyprus Villas with Low Prices

Bahamas Homes – Phase I – Sea Villas

Call for price

Bahamas Homes – Phase I, includes A, B and C...

  • 4 beds
  • 4 baths
  • 157

Orga Homes – Junior Villas

£278,000Start From

ORGA HOMES is located in Kayalar which is a small...

  • 1 bed
  • 1 bath
  • 76
£278,000 Start From

Ayyorgi Gardens – 2 Bedroom Villas

£319,000Start From

Landscaping areas and trees which are complementing the different streets...

  • 2 beds
  • 2 baths
  • 113
£319,000 Start From

Orga Homes – Premium Suits

£329,000Start From

ORGA HOMES is located in Kayalar which is a small...

  • 2 beds
  • 1 bath
  • 95
£329,000 Start From

Conclusion

As you can see, North Cyprus property investment is a smart and profitable decision that will bring you many benefits in terms of income, growth, security, and quality of life. If you are interested in finding out more about the opportunities and options available for property investment in North Cyprus, please contact us today. We can help you find your dream property in North Cyprus, finalize the transaction smoothly and legally, and provide you with full support and guidance throughout the process. We look forward to hearing from you soon!

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *


Reset password

Enter your email address and we will send you a link to change your password.

Get started with your account

to save your favourite homes and more

Sign up with email

Get started with your account

to save your favourite homes and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy

Create an agent account

Manage your listings, profile and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy

Create an agent account

Manage your listings, profile and more

Sign up with email