Why Northern Cyprus?

Did you Know?

Cyprus is a Eurasian island nation in the eastern part of the Mediterranean Sea, south of the Anatolian peninsula (Asia Minor) or modern-day Turkey. It is the third largest island in the Mediterranean Sea.

Northern Cyprus is ranked amongs the top 5 clean waters in forbes and also during the pandemic projected as favourite places to invest post pandemic.

The island features non-discriminatory business environment to both local and foreign investors combined with strategic location which emphasises the importance of investing in the area. The investment climate is expected to demonstrate rapid improvements due to the positive political progress and negotiation on the island Since the border opened fully in 2004 for citizens and tourists alike to travel freely throughout the whole island which attracts both professional and first-time investors. More and more people are beginning to discover the island as an undeveloped haven.

Return On Investment

Property value in Northern Cyprus can increase up to 43% from off-plan (Construction) to finish. Properties in are Sold and Rented and in British Pounds with rental income from Universities, Tourists & Residents.

Climate & Geography

For those who like the calm, Cyprus is ranked in forbes as one of the top 5 cleanest water with 340 days of Sun. The beach of Northern Cyprus and historical sites makes it a popular tourist attraction in the mediterranean.

Low Tax

Annual Property Tax for Northern Cyprus is 0.3usd per square meter.

Property Tax provides a unique opportyunity for investors to gain better return on investment.

Useful Numbers

Police Emergency 155.
Fire service 199.
Ambulance 112.
Coastguard 158.

Safety is a priority.

Payment Process

The price of Northern Cyprus properties compared to other countries in the region and Europe is cheaper. Property starting prices for a cozy apartment starts from £48,000 with proper payment plans and no interest.

Example:

If the Asking price of a property is £52,000 the payment procedure is as follows;

Down Payment: 30% (£15,600)

Interest Rate: 0% (no additional fee for the specified duration)

Duration: 2 Years (Duration to pay £36,400 monthly or as agreed upon)

One Time Payment

VAT- 5%
Lawyer- £1500
Electricity- £1000
Water- £1000