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Buy Property in Northern Cyprus
6 Reasons Why You should Choose Northern Cyprus?
300 sunny days per
year in a favorable climate
Low real estate value compared to Europe
Growing tourism – high demand for rental properties
Average real estate value increase between 25% – 35% per year
Up to 70% lower prices compared to other Mediterranean areas
Fast-growing economy – plenty of opportunities for investors
Our Popular Properties in Northern Cyprus
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About Us
We work with more than 7 real estate development companies and have multiple projects already in development and in planning, encompassing a diverse range of properties including developments, apartments, and villas. With a rich legacy spanning 16 years in the real estate market, our firm has established itself as a beacon of professionalism and personal service. Our unwavering commitment to a personal approach, coupled with a strict code of ethics, ensures that our clients’ interests always take precedence. We pride ourselves on offering not just exceptional real estate services but a comprehensive suite of solutions that define the pinnacle of excellence in the industry.
Why Northern Cyprus?
Properties for Sale in Northern Cyprus
North Cyprus real estate is an emerging market with a rapidly growing demand, driven by its stunning Mediterranean landscapes, favorable climate, and affordable prices. As of 2023, the property market in North Cyprus has shown significant growth, particularly in cities like Kyrenia and Gazimağusa (Famagusta), making it an attractive option for investors and homebuyers.
Growth in the Real Estate Market In recent months, North Cyprus has seen a remarkable increase in property prices. For instance, in Kyrenia, villa prices have risen by 11.25%, with an average price per square meter of £1434.42, while apartment prices have increased by 11.36% to £1157.71 per square meter. Similarly, in Gazimağusa, apartment prices have grown by 11.69%, with an average price per square meter of £750.76.
Investment Opportunities North Cyprus is increasingly popular among international investors due to its unique political and economic situation. The lack of formal international recognition and ties, except with Turkey, offers a distinct investment opportunity. The region is seen as a top choice for second homes, retirement sanctuaries, or lucrative investment ventures.
Rental Market Prospects The rental market in North Cyprus offers high potential for income, especially for properties close to the coastline. The region’s popularity as a holiday destination makes rental properties valuable, with rental prices varying based on property features and location.
Key Locations for Investment
- Kyrenia (Girne): A city experiencing rapid real estate growth, known for its scenic beauty and promising investment opportunities. The average residential square meter prices in Kyrenia are £1157.71 for apartments and £1434.42 for luxury properties.
- Gazimağusa (Famagusta): Known for its deep-rooted history and sandy beaches, Gazimağusa is attracting attention from tourists, students, retirees, and investors. The average price per square meter for apartment units here is £750.76.
Advantages of Investing in North Cyprus
- Increasing Property Prices: Your investment in North Cyprus is expected to appreciate due to the steady increase in property prices.
- Diverse Investment Options: The government’s pro-foreign investment stance and tax breaks offer various opportunities.
- Strategic Location: Centrally located in the Mediterranean, making it easily accessible from Europe, the Middle East, and Africa.
Real Estate Market Dynamics The market in North Cyprus is characterized by strong demand, limited availability of development lands, and a thriving rental market. The stable economic conditions and investor-friendly policies create an environment conducive to property investment.
Purchasing Property in North Cyprus Investors and homebuyers can find a wide range of properties in North Cyprus, from affordable apartments to luxurious villas. The region offers attractive prices, making it an ideal destination for various types of investments.
Our Services As a leading real estate agency in North Cyprus, we offer a comprehensive range of services to assist you in finding the perfect property. From detailed market analysis to personalized investment advice, we provide expertise in navigating the North Cyprus real estate market. Our portfolio includes a diverse selection of properties, ensuring that you find a home that meets your preferences and investment goals.
Contact us today to explore the exciting opportunities in North Cyprus real estate and start your journey towards owning a piece of this Mediterranean paradise.