Famagusta Yenibogaziçi has been one of the most popular areas of the city for years. It offers both a quiet and peaceful life and is very close to the city. We discussed the housing prices of Yenibaoğaziçi region and developments in the real estate sector with Maria Jerome, Director of Busy Bees Real Estate Agency. Details at in our interview.
Famagusta Yeniboğaziçi is a rapidly developing region that has managed to preserve its historical texture.
So, which type of housing is the most demanded in Yenibogazici region and how much are the prices? What should those who will buy or rent in the region pay attention to?
We talked about all these details with Maria Jerome, Director of Busy Bees Real Estate Agency.
“Famagusta Yenibogazici with its History, Culture and Economy”
Can you tell us about the Yenibogazici region?
The Yeniboğaziçi (Ayios Seryios) Municipality is composed of eight villages (Yeniboğaziçi, Mormenekşe, Alaniçi, Akova, Yıldırım, Atlılar, Sandallar and Muratağa), and falls within the district of Gazimağusa (Famagusta). The Municipal region has just fewer than 7,000 inhabitants and is one of the largest rural communities within the district. Its close proximity to the sea and ruins of times passed make this region a geographical jewel.
History
Before the conflict in Cyprus pre-1974 the village of Yeniboğaziçi was composed of both Turkish Cypriot and Greek Cypriot residents and was situated within the Larnaca district in the South of Cyprus, and originally named Aytotoro. Upon the establishment of the Turkish Republic of Northern Cyprus in 1974 the Turkish Cypriot villagers relocated to its current vicinity within the North. The Yeniboğaziçi Municipality was formally established in 1980 and originally composed of the one main village; and by 2005 the other seven villages joined the Municipality to establish its current state today.
Economy
The region is mostly known for the cultivation and production of artichokes as well as agriculture and livestock production, and these contribute to the economy of the region. Tourism also contributes to the fiscal capacity of the region with the abundance of traditional restaurants (both within the villages and along the sea front), guided tours of the ancient ruins from the Byzantine and Roman eras, as well as other tourist attractions.
The Yeniboğaziçi Municipality prides itself of promoting and safe guarding the well being of its residents and of the local agriculture. The Municipality supports and promotes the ethos of Cittaslow in applying the concepts of slow food and slow living within every day practice and life. The residents welcome this slow and healthy way of life and in respecting the history and authenticity of traditional Cypriot culture of good food, handicrafts and slow Mediterranean living.
What house types are preferred in Yeniboğaziçi lately?
Most of our clients looking to purchase in the Yeni Bogaz Ici area are looking for individual villas rather than complexes. They prefer the village life, but opposed to other villages in the North, they like this one due to its very close proximity to Famagusta, so therefore they have the best of both worlds.
Villa Prices in Yenibogazici
What is the m2 sales and rental price of the residences in this region?
It varies dependant on age of villa, size etc, on average £600-£800 per squre metre. Rental prices depend on individual property.
Land Prices in Yeniboğaziçi
What are the average sales prices of the lands?
This depends on the individual land, but for example, for an average sized building plot of between 500 and 600 square metres, around $30,000 – £40,000.
“A Reliable Consultant and Lawyer is a Must for Investment”
What should people pay attention to when investing in this region?
Nothing in particular related to this region, but clients should always use a registered Agent and reliable solicitor for any purchase in North Cyprus
Is it a region you recommend for investment?
Yes, as are most areas of North Cyprus
How do you interpret the change in the last 10 years?
The market is growing at a good rate
What is your expectation in the next 5 years?,
That the market will continue to grow at a steady rate and this area will expand even further
KIBRIS EMLAK MERKEZİ
Tags: Busy Bees, Maria JeromeSubscribe to our mailing list to access the latest news
