Property

by admin on December 3, 2019

The Turkish Republic of North Cyprus is the region with a picturesque nature, sea and sun during the whole year. Lately it is becoming more attractive for investments. The construction in North Cyprus develops at a rapid pace. Property market suggests a wide spectrum of different properties for any taste and purse. The lack of economic crisis like in South part of the island allows to keep a stable growing of prices for property. Active financial supporting from the USA, Great Britain and Turkey gives an opportunity to develop of infrastructure. So the underwater pipes for water supply from Turkey were conducted in 2015. Now it is planned to conduct the same system for electricity supply. The only active airport Ercan now is under reconstruction and it is planned to be international.

The prices for apartments with a sea view start from 30 thousand Sterling pounds. In the city centre of Kyrenia and Famagusta the prices for apartments vary from 45 to 200 thousand Sterling pounds. In the calm and pine area of Esentepe, not far from turtle beach, you can find apartments from 100 thousand Sterling pounds. Almost each developers in North Cyprus offer luxury villas, which are ready for moving or off plan. You can also correct the plans in according to your preferences. The prices for villas start from 250 thousand Sterling pounds.

If you buy a property in North Cyprus you will open an excellent opportunity to earn with help of your investments. Due to North Cyprus is an island of a higher education, students from all over the world comes here to study. Certainly they need accommodation for living. You can earn about 5 thousand Sterling pounds per year from renting apartment out.