With the TRNC Property Commission now recognized by Europe, North Cyprus has proven to be the new hot investment opportunity in the Mediterranean, gaining ground over its competitor destinations such as Spain, Portugal, and France. As the likelihood of North Cyprus joining the EU increases, it has caught the attention of both professional and first-time investors.
Buy-to-Let and Holiday Rentals
Buy-to-let is also a very attractive option when purchasing a North Cyprus property. Rental accommodation in North Cyprus is in high demand for both short-term holiday lets during the long summer season and for long-term residential letting all year around. Whichever terms you decide are best for you, receiving a regular income with minimal risk or outlay gives buyers competitive ROI.
Capital Appreciation
Buying a Northern Cyprus property for resale is also yielding fabulous ROI. Buying an off-plan property allows the buyer to pay approximately 20% below market value and pay in installments over 18 – 36 months according to construction phases. Although prices have already begun to rise, there are still Northern Cyprus properties selling starting at very affordable prices.
Tourism in TRNC
The Mediterranean climate is hot, sunny, and dry, and temperatures average in the mid-20s from April through October. As well as the ideal climate, its unspoiled beauty, and its rich culture ensure a truly unique destination. The stunning mountain ranges, beaches, and lovely coastline ensure Mediterranean sea views from virtually every Northern Cyprus property.