North Cyprus Properties - Big Ben Marketing

Why North Cyprus is an Ideal Location for Properties Investment
With over 300 days of sunshine each year, uncrowded beaches and warm unpolluted seas, Northern Cyprus is a dream holiday destination for many Western Europeans. It is also an ideal location for property investment, whether you're looking for a second home, somewhere you can buy-to-let, or a place to retire in the sun.

But why should you choose to invest in property in Northern Cyprus over other destinations such as France or Spain? Put simply, property prices are significantly cheaper in Northern Cyprus, compared to anywhere else around the Mediterranean. Whereas a detached 3-bedroom villa overlooking the Mediterranean on the Spanish coast might set you back 180,000 euros or more, a similar villa in Northern Cyprus is available for under 100,000 euros. Even prices in Southern Cyprus are 50%+ higher than in Northern Cyprus !

Not only is property in Northern Cyprus good value for your money, but it is a sound investment too. The area is currently experiencing a property boom, with growth potential over the next decade set to offer a good ROI. There are no restrictions on renting out property in North Cyprus either, and with the incumbent TRNC Government backing the development of tourism in North Cyprus, letting out your property to increasing numbers of sun seekers should be a breeze.

If this isn't reason enough to invest in North Cyprus property, the cost of living here is one of the lowest of any country bordering the Mediterranean Sea. Prices of supplies and organic produce are substantially less than in the UK , and are often of comparable or better quality.

Warm sunny weather, bargain property prices & phenomenal growth potential - what more do you need?

North Cyprus is the ideal location to purchase property either as an investment or as a holiday home or even a permanent residence for those wishing to relocate to the sun. The choice of properties available to the prospective buyer vary widely from 2 bedroom semi-detached holiday homes with a communal swimming pool to 4 bedroom luxury villas with private pool. North Cyprus remains un spoilt and comparatively undeveloped. The beauty and tranquility of the island is only matched by the warmth and friendliness of the local Turkish Cypriot people. The southern part of the island of Cyprus was first to attract overseas buyers, but the advantages of investing in the North have become very apparent over recent years. North Cyprus enjoys the same climate and relaxed lifestyle, but property - at the moment - is considerably cheaper compared to the South. The property market in North Cyprus is still relatively young and opportunity to purchase properties off plan are abundant. The rewards of buying off plan including securing property at the lowest possible price offered by the developer. There is then the option to re-sale your investments at the current market value and gaining an average of 15%-20% profit, or alternatively re-selling the properties upon completion which could generate a profit of between 30% to 40%. The third viable option would be to let out your properties either for short term or long term periods, enjoy the regular income this would provide before eventually re-selling and benefiting from further profit.

North Cyprus is a country constantly undergoing development, with an 18-hole championship golf course currently under construction and projects planned to create two further yachting marinas. The inclusion of the south of the island into the EU and the proposed acceptance of Turkeys bid to join the EU in 2010 meaning a solution to the current North / South divide is inevitable.

Northern Cyprus has become a heaven for investors within the last 4 years, because:

World wide diplomatic sanctions are set to be lifted and trade travel embargoes removed.
The EU has pledged 259 million Euros in aid for Northern Cyprus, to fund improving the country's infrastructure, enabling greater foreign investment, and preparing the country for the forecast growth in tourism.
A new airport (Ercan) opened in May 2004 which will enable planes to fly directly to North Cyprus for the first time since 1974 once the travel embargo is lifted. This will conservatively lift the annual tourist numbers from 433,000 to 2 million people per year over the next five years. This is still below the current level of 2.3 million people visiting Southern Cyprus per year.
According to UN estimates, Northern Cyprus needs to build a further 30,000 villas within the next three years. The current rate is 500-1000 per year, showing a large opportunity to meet demand.
Business practices in Northern Cyprus are very similar to the UK , using the same legal system, currency and language.
A superb Mediterranean climate, averaging 340 days sunshine a year.
Sensible and forward planning strategy at government level including policies of banning planning permission on any development over two storeys high or within 100 meters of the beach.