Northern Cyprus is a distinctive place to live with its pure waters and breathtakingly stunning terrain. Only two of the many advantages of purchasing property in Northern Cyprus are its expanding economy and stable government. Northcoast Properties can help you locate the appropriate property within your specifications and price range.
Why Purchase Property in Northern Cyprus?
Investing in real estate in North Cyprus is the greatest option to maximise your return on investment. While property values rarely fall anywhere in the world, investing wisely in North Cyprus can result in tremendous profits.
Many investors tend to buy off-plan at ‘pre-launch’ prices with scheduled key delivery in 12 - 36 months, however it is quite common for the developer to increase prices several times before handover. Northcoast Properties help their clients invest at the right time which is crucial for maximum capital gain. As a result clients can expect, on average, 50% capital appreciation in just one or two years.
Along with the rising value of property in North Cyprus, a short-term tenant contact might generate £700 to £1000 in rental income per month. Northcoast Properties now work with several developers that even offer guaranteed rental returns up to 8% per annum (net) for two to four years.
Also, your £300,000 home is a great deal when compared to the UK or Europe. For instance, you'd be lucky to find a flat in London for this price, while in South Cyprus a similar Villa with a pool and breathtaking views of the sea and mountains would cost three times as much compared to the North Cyprus
Many ex-pats are considering to relocate permanently to Northern Cyprus due to the unmatched luxury of life there and favourable currency exchange rate to the Turkish Lira. It is peaceful, charming, and fairly priced.
How to Locate the Ideal Home in North Cyprus
There are numerous factors to take into account when looking for the ideal home in North Cyprus, such as location, size, and price. In Northern Cyprus, there are numerous locations where you can locate properties for sale, from the city to the countryside. Finding the appropriate property is not a one-size-fits-all process, so finding a property that fulfils your needs and expectations is essential.
When looking through listings, it's important to pick the North Cyprus property that best suits your requirements. The simplest method to do this is to spend the time looking at different neighbourhoods and properties. Consider your budget as well as the attributes you want in a home. Last but not least, be sure to inquire about the services offered by nearby real estate agents and pick someone you can rely on. Furthermore, the area is important when shopping for a property. Finding a less populous region is essential if, for instance, you're looking for peace and quiet.