North Cyprus – The Property Investor’s Paradise

by Tim Martins

North Cyprus is an island full of historical culture and beholds a unique beauty and has become very popular with holidaymakers from all over Europe. With sunny days exceeding 300 per year and offering loads of sandy beaches right along its coastline, it isn’t hard to see just why so many tourists have fallen in love with North Cyprus.

Such prominent property investment markets like Cyprus reap high return benefits of around 4-5% per year for the coming ten years. This type of revenue returns seem set to carry on for the foreseeable future, meaning Cyprus will retain a stable economy and growth will continue in the right direction.

Although Cyprus has been popular with holiday home investors for quite a few years now, the rise in developments on the island has also increased, keeping up with the high demand. There a whole range of deciding factors that have made all of this possible including favourable tax conditions, a high standard of living and a very healthy tourist industry. Today’s property investors are not just seeing Cyprus as favourable choice, but also as one of Europe’s top property investment region

Apart from the increasing demand for tourism in Cyprus, there are many other factors that have come together in recent times leading to more favourable property investment opportunities. Above all it’s membership into the European Union, it’s resulting increase in trade, a thriving economy, higher standards of living, reduced taxation and an improved legal system have all done their bit to promote property investment in Cyprus.

The futures investment market is gleaming due to the credible reunification of the North and South of the island, as even more holiday home investment opportunities will come onto the market, as holiday home prices in the Turkish North are even cheaper than those in the south of the island. Current dialogue should unfold a final re-unification of Cyprus, so potential holiday home investors should watch out for the resulting political events in North Cyprus.

High quality off-plan projects being developed throughout the north of the island continue to increase with towns like Catalkoy and Bogaz booming. As soon as re-unification is a fact, such developments will surge as investors know that prices in the north will catch up with current prices found in Southern Cyprus

With the increasingly challenging global financial climate causing investors to redefine objectives and returns, Cyprus is becoming an increasingly popular option for investors seeking a long term, more stable property investment. Mark Burns works for Offplanworld.tv, a UK based real estate company who specialise in off-plan investment property throughout the world’s emerging markets, and who offer a wide portfolio of off-plan property in Cyprus.

About the Author:
Discover these Cyprus Property Tips produced by the illustrious Tim Martins and check out his Cyprus Holiday Blog

Tags: , , , , , , , , , , , , ,

Can't decide on a camera? . . . Personal Camera Finder

Digital Photography Success - At last! How to take the digital photos you've always wanted, and finally have them turn out like a professional photographer has taken them.

January 11, 2009 · Filed Under Holiday

Comments

One Response to “North Cyprus – The Property Investor’s Paradise”

  1. Pete Graham (1 comments.) on January 18th, 2009 7:54 am

    Interesting, but do you think the unification of the island, if it happens will have an impact on property prices?

Leave a Reply