Why Invest in Cyprus

Cyprus, the third largest island in the Mediterranean, ranks in the top five among the world’s safest places to live, out of 106 countries.

In other words, “safety”, the word many countries do not even remember, is among the advantages of the island of Cyprus.

Many house keys are still left on the door; many people do not lock their cars when they park. Don’t be surprised if you see a car in front of a supermarket whilst the engine is still running and nobody is inside. The owner just went shopping and left the air-conditioning on so that the car remains cool during the summer heat.

The issue of safety in daily life is among the top priorities of Cyprus for many investors longing for this feeling.

Property in North Cyprus is by far more affordable than in Turkey and many other Mediterranean countries for the same standard of property. It is also more exclusive, offering a unique island atmosphere.  

We mentioned that it is advantageous when buying; the average price per m2 is almost one third to one fourth in comparison with European counties, especially with the South for that matter. It is profitable afterwards, because the rental multiplier is high.

The depreciation period is in the most profitable list of real estate investments in the world… Of course, depending on the housing project you will choose.

If you prefer to lease your property for long-term, your investment return will be between 12 to 15 years in average. If you would rent out for short term through a construction company with an established system, there are housing projects where the property pays off in 7 years. Isn’t this incredible?

Cyprus is an island with a high potential, a territory of the European Union. Although, the “Acquis Communautaire” is only applied in the South and the North has been left out for now, the potential always encourages investors. In other words, Northern Cyprus is a non-Eurozone area which has become a sales point for overseas real estate investors.

North Cyprus properties are sold in Pound Sterling, whereas Turkish Lira is used in daily life, providing investors and lifestyle home buyers with the security of property prices fixed to a stable currency and gaining a low cost of living expenditures. Due to currency benefits, it’s not only cheaper while you are spending on restaurants, beach clubs, car hire etc. North Cyprus also often offers better value and cheaper priced high standard hotels in comparison with hotels south of the border.

Life is enjoyable and you cannot get enough of its various flavors…

Many people in their golden ages prefer North Cyprus because of the sea, the climate, it’s beautiful nature and the lifestyle free from stress despite everything.

TRNC property investors have the choice between city properties with easy access to the vibrant nightlife, restaurants, casinos and all things wished for in daily life, surrounded by centuries of history and the warm, welcoming nature of Cypriots; or a beachfront or mountainside property in a more secluded area surrounded by fields, olive or orange groves only 20-30 minutes’ drive from the bustling city. Unspoilt nature is never far away offering long stretches of sandy North Cyprus beaches, great options for water sports and kite-surfing as well as hiking in the beautiful mountains with spectacular views of the sea. In North Cyprus you will find every environment you’d love to live in.

“The jewel of the Mediterranean” leaves most first-time visitors realizing they have unwittingly started a love affair turning into a life-long passion for North Cyprus, not only because of the nature and unique history but because of its people, fabulous cuisine, festivals and so much more.

Getting to North Cyprus is easy with a one-and-a-half-hour flight from Istanbul or a direct flight from many European countries to Larnaca in the South.