Northern Cyprus, the pearl of the Mediterranean, is known for its luxury as well as its peaceful and safe living. The luxurious Cyprus homes you come across at many places you visit and the luxury vehicles you will encounter on the roads attract the attention of everyone visiting the island. Are those who live on the island very rich? Not really. The fact is that they prefer luxury and are willing to go the extra mile.
Housing concepts in Northern Cyprus can be categorized into three;
– Luxury Cyprus Villas
– Cyprus Residence Projects
– Cyprus Holiday Homes
Of course, there are different concepts in between, but above mentioned are the most outstanding. Therefore, it is essential to identify your needs and wishes, followed by a thorough research and price analysis before looking for a property in Cyprus. You may find out that sometimes a flat in a residence building can be more expensive than a luxury villa with pool for sale in Kyrenia. If you determine your needs precisely you will not get lost looking at the price tags.
Luxury North Cyprus Villas
When it comes to Cyprus’ luxury properties, the first thing that comes to mind should be villas in and around Kyrenia.
Kyrenia, being the favorite place to live at the island of Cyprus, features lots of beautiful villas. These stylish villas are most to found in Bellapais, Çatalköy, Karmi, Alsancak, Lapta and Esentepe.
Usually these detached villas have a large landscaped garden and their own pool.
Landscaping is important for luxury villas in Kyrenia. Cyprus decoration and landscaping companies are working hard in the Kyrenia region every day of the year. Likewise, the biggest potential for pool construction and pool maintenance companies is in and around Kyrenia.
The second region in Cyprus where villas are concentrated is Nicosia. There are many villas especially in the Yenikent area. But these villas are a little different than those in Kyrenia. Whereas the majority of Kyrenia villas have mountain and sea views, large gardens and pools, villas in Nicosia suffice with a small garden, as Nicosia is the only city on the island of Cyprus not having a waterfront.
There are also nice villas in Famagusta and Iskele, but not as intense as in Kyrenia and Nicosia. In Güzelyurt and Lefke, there are detached village houses rather than villas.
North Cyprus Residence Projects
Residence type housing projects have become popular based on the demand of life style changes in the recent 5 years in North Cyprus. Most of the projects are concentrated in the city center of Kyrenia.
Soon after construction of 10 floor high rise buildings in Kyrenia were permitted a lot of Cypriots left their villas to live in a fully serviced residence building.
Luxury Residences offering services 24/7, are usually more expensive than some villas.
Of course, among the factors that determine their price, besides the location and quality of the project, are services offered to the investor afterwards.
Following the trend of high rise residences in Kyrenia they became popular in Famagusta very soon. Some well-known names of the Turkish music industry preferred to invest into residences there.
North Cyprus Holiday Homes
North Cyprus holiday homes are predominantly preferred by investors from Scandinavian countries and Russia. These houses are generally located at the Esentepe area in the east of Kyrenia and in Iskele.The common idea of those developments consist of building detached or semidetached houses with many swimming pools either at the seaside or within close proximity of the sea, offering an everlasting holiday style of living.
In those housing projects many services like restaurants, bars, pharmacies, dry cleaning, car rental and more are provided. Holiday homes in Esentepe generally consist of two-storey apartments, while Iskele holiday homes are mostly high-rise blocks.
Apart from that, villa projects in Esentepe and Iskele are also among the preferences of the investors.
A brilliant feature of holiday homes is that most of the construction companies offer short term renting out of holiday homes. This is an excellent opportunity for the investor to generate income when their homes are not occupied by themselves. It would be fair to say that many foreign investors make use of this opportunity for most time of the year. Construction companies in Iskele and Esentepe offer a really professional management service in this regard in Cyprus, which contributes to continuous increase of the demand.
Similar Content About Investing in Cyprus
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Have you read the Cyprus region guide?
