Real Estate in Northern Cyprus

Advantages of buying and renting real estate in Northern Cyprus

Northern Cyprus is a promising market that attracts foreign investors and those considering the region for permanent residence or the purchase of a second home. Unlike the rest of the island of Cyprus, the northern part has its unique history, political status and culture, which impacts the value and profitability of the properties on offer.

Advantages of buying a house in North Cyprus

Real estate in North Cyprus attracts those who wish to buy a commercial property or a home in a territory with a mild climate in the most favorable conditions. Here are a few arguments for buying real estate in North Cyprus.

Low and stable prices in North Cyprus

Buying property in the area is cheaper than in other parts of the island and popular Mediterranean destinations. This makes North Cyprus attractive to business people and buyers looking for affordable apartments.

Despite the volatility of prices in the global market, North Cyprus remains relatively constant, making the purchase of real estate attractive for long-term profit.

There is a wide range of investment opportunities and a large selection of properties in North Cyprus

Investors can approach an agency to buy property in Northern Cyprus for rent or resale profitably. Popular tourist areas provide a constant flow of clients and a stable, year-round income.

There are various types of real estate in North Cyprus, including:

• apartments;
• villas;
• townhouses;
• commercial properties.

Finding accommodation to suit your goals, individual needs and budget is manageable.

Convenience and quality of life in North Cyprus

North Cyprus offers visa-free entry for citizens of any country. It has a good infrastructure, including stores, restaurants, schools, and medical facilities. At the same time, children's education is carried out for three years in International, American, and European universities, and its cost is five times cheaper than in Europe.

It is straightforward to get a residence permit in Northern Cyprus. The main requirement is to own real estate in the region. The whole procedure will take a little time and money in this case.

All this makes a living on the republic's territory comfortable and constantly attracts many tourists and business people.

Natural beauty and mild climate of Northern Cyprus

The territory is famous for its beautiful nature-rich history and can boast the following:

• An abundance of wide sandy beaches;
• mountainous landscapes;
• picturesque landscapes;
• rich flora and fauna.

The region is rich in attractions, which makes it attractive for those who appreciate history and culture and are interested in ancient and medieval monuments of architecture.

Northern Cyprus has a Mediterranean climate that guarantees 340 days of sunshine a year, dry, hot summers, and wet, mild winters. The temperature in summer is 35-40оС, and winter does not fall below 10-15оС.

The Mediterranean climate in Northern Cyprus makes it an attractive place for tourism and permanent residence for adults and children.

Types and features of North Cyprus real estate

There are various real estate types in North Cyprus, including primary and secondary markets of individual and commercial properties.

The most common types of properties offered to buy or rent by agencies are:

• Apartments are the most common type of apartment in North Cyprus. They are represented by small studios or apartments with one, two or more bedrooms. Apartments in residential complexes have access to communal swimming pools and other infrastructure.
• Villas and townhouses are private homes with their plot of land. Both single-story and multi-story buildings are standard, which most often have a garden and swimming pool.
• Vacation homes, which are intended for short-term rentals to tourists. Such real estate is usually located near beaches and other tourist attractions and has all the necessary furniture and appliances for a comfortable stay.
• Commercial real estate includes offices, stores, restaurants and other exciting facilities for those who want to develop their own business on the island.
• Plots of land in North Cyprus attract buyers who wish to build their homes with individual wishes and needs.
• Projects with investment opportunities allow you to invest in developing new residential complexes or commercial facilities with the prospect of making a profit.

Thus, with its affordable prices, variety of housing types, mild Mediterranean climate and beautiful nature, buying or renting a house in North Cyprus has several undeniable advantages. In addition, the region offers attractive conditions for those looking to earn a living or live comfortably in a picturesque part of the island of Cyprus.