The Key to Sucessfull Investment in Real Estate in Northern Cyprus

There are a few golden factors when investing in real estate. The first is that you should ensure your purchase price doesn’t exceed what’s considered average for an object. And the second factor is obviously the location of the object. The investors know all about these basic principles because they’ve been playing around with property investments for long periods of time. The third factor in real estate investing is the investors who are constantly on the lookout for crisis markets or emerging from one. They want to maximize their profits by purchasing properties at reduced prices when they can find them, and if this means searching out new, developing areas, then so be it!

Real estate in Northern Cyprus

The resort real estate market in Northern Cyprus is developing on a good pace. Starting in 2008, the active construction of residential complexes and hotels began on this side of the island, starting with an influx of investors from around the world looking to get involved.

The complexes are often characterized by high levels of finish and construction. Furnishing and equipment rentals can also be obtained, as well as turn-key repair, built-in kitchen furniture for simplicity during relocation in time, or an already prepared apartment that requires little customization before becoming a resident. These homes come equipped within the walls, including panoramic windows throughout each room so everyone has plenty of light when they wake up in the morning.

North Cyprus has seen a lot of development over the past decade, but there is still significant shortage in property for rent during peak season and few affordable hotels. Nevertheless, there is still a significant lack of new property for rent during this time period and a large deficit with respect to inexpensive hotels that are available.

When investing in real estate, there are some important factors to consider. 1. The lowest price possible, 2. The best location, 3. Emerging Crisis Markets. That’s why a lot of investors are looking for Real Estate in Cyprus!

Foreign ownership

The real estate market of Northern Cyprus offers a unique opportunity for those foreigners looking to invest. The territory has very strict norms when it comes down to the ownership and purchase of land, but through international law an apartment can be considered as property in which you own part shares on each inch worth!

The developers are building properties in proximity to the sea and beaches. This is a significant criterion for liquidity because it allows people easy access to the beach! For tourists, the best thing about visiting this island is that it’s close enough for a quick getaway to the beach. You can drive anywhere from 10-15 minutes and be there, sand between your toes!

Benefits of the norther Cyprus market

The Cyprus market is a great place to invest with its long season and diverse options for resorts. In addition, the Eastern Mediterranean region offers a 9 Months long season. In addition to that, there are other advantages:

• New real estate items have experienced a ten percent annual price increase.
• On the buyer’s side, there are three taxes to consider: VAT 5%, stamp duty 0.5%, and title 3%.
• You may purchase with a single payment or a range of payments.
• The first payment is 30% of the property’s value.
• Ownership of the property.
• Access to the country is not restricted by a visa requirement.

Selling real estate

In the long run, successful projects have an increase in value of 50-60% after their completion. The most profitable resale strategy is purchasing an object at zero stage construction when developers sell them off for cheap prices before it’s finished. Then reaping during its final stages when demand spikes thanks to being complete with all those new amenities added onto your home! The cost of construction is growing at a rate of 10% per year, and this means that by the end it will have increased in value 15-20%. Successful projects following their completion experience an increase upwards from 50% to 60%.

Benefits of a long- and short-term rent

In the large cities, such as Famagusta or Girne ( Kyrenia) and Nicosia, a long-term rent is possible because they are located in popular tourist destinations. The main business activity takes place there, and universities also exist that provide education opportunities. The advantages of renting for a year are: the contract is completed, tenants pay an advance fee in cash or euros. It’s important to note that customers are willing to accept 20% more than they would otherwise when it comes down to long-term rentals, especially if those properties have new construction.

Real estate is one of the most profitable investments. The return on investment for real-estates can be as high as 7 or 8% per year, with an average time span being 13 to 16 years! For comparison purposes, here’s how that compares against other countries: the world practice of returns vary depending upon project, but typically hover around 20-25 years.

The high season for vacation rentals is generally considered to be from May until the end of October. This period sees increased demand, and thus prices go up accordingly! However, if you’re looking at shorter term rentals (1 day to 1 week), then those who manage their properties well can get more revenue than folks renting out long-term property because there’s no need to deal with extra clutter. The return on investment for these projects can be anywhere from 10 to 13 years, depending upon the location and purchase price.

Conclusion: Make affordable decisions!

Investing in real estate is a great way to generate long-term returns on your money. When choosing where and how you want those profits earned, an investor should make sure they are clear about the goals for their investments, as well as what budget constraints exist when it comes time to buy property! Today there’s no better place than Northern Cyprus, here investors can find exactly what they need at affordable rates with liquid locations.