Property investors are now turning their attention to North Cyprus and looking to capitalize as the Cyprus Solution nears its final phases. The lifting of embargoes will mean free trade, direct flights, and increased tourism. The North Cyprus property market is set for a period of sustained high growth as investors increasingly realise the boom potential in the North.
Adventages of North Cyprus property investment
TRNC property is safe: The TRNC Immovable Properties Commission is now openly recognised by Europe in a European Court of Human Rights ruling on 5th March 2010. North Cyprus is fast becoming the Middle East's new hot investment With the border open between the South and the North since 2004, tourists can travel freely on the island from any country. The UN, US and Turkey are pressuring the Greek Cypriots for a solution within the country by end of 2010, with the property and tourism markets set to rocket.
You can buy a property in North Cyprus from as little as £29,950 Prices on the South of the island are over 200% more expensive than the North. North Cyprus is outside the Euro Zone, giving you better value for money and buying power. You can use Sterling, Turkish Lira, Euro or US Dollars in North Cyprus. Both nationals and overseas investors enjoy low taxation.
Tourism, holiday rentals, buy to let investments
North Cyprus enjoys 10 months of sunshine making it a premium destination for holidaymakers, providing some fantastic short let holiday rental yields. With gambling prohibited on the South of Cyprus and Turkey, North Cyprus offers weekend 'Las Vegas' style entertainment for both countries, providing a steady rental demand every weekend.