Written by: Tuğçe Aydın I Director of Triotime Real Estate

YOU HAVE MANY REASONS TO INVEST IN NORTHERN CYPRUS!

• Unique nature and history
• Magnificent beaches
• Modern lifestyle
• Luxury and qualified economic project options
• High rental returns in foreign currency
• Short amortization periods
• High valuation factor for land and land options

Northern Cyprus has become one of the most attractive centers of appeal in recent years for real estate investors in the Turkish Republic of Northern Cyprus. In recent years, it has attracted not only citizens of the Republic of Turkey but also the intense interest of investors from third countries.

PLACE OF INTEREST 

Northern Cyprus, an island of tourism, entertainment and education, it's has an increasing number of international students yearly, its also a safe space for foreigners who come as tourists to invest and grow with the increasing population, its geography and magnificent climate, as well as the fact that housing prices and rental income are in international standards, and the amortization period is short. Housing and commercial real estate investments is profitable due to the regular increase in unit m² sales prices. 

The Turkish Republic of Northern Cyprus, which has different dynamics and advantages from region to region, attracts investors with its short amortization periods compared to other countries.

Northern Cyprus Real Estate Investment Benefits

Tourism, is one of the major economic sector in the Turkish Republic of Northern Cyprus, not just because of its low crime rate but its climate provides holiday opportunities throughout the year. The shores of the Turkish Republic of Northern Cyprus are suitable and safe giving you the best Mediterranean experience, It's amazing architectural development offers modern building styles with swimming pools that shows the cool and blue waters of the Mediterranean, as well as magnificent and undiscovered coastal areas.

In 2019, Northern Cyprus, which hosted more than three times its population of tourists, can be said to offer an alternative tourism destination to the world in areas such as holidays, culture, conferences, sports, health, and faith, combining its success in combating COVID-19.

Throughout its history, Cyprus has always been a sought-after island country due to strategic, political, commercial, and religious reasons, maintaining its allure. Offering more than 300 days of sunshine to its guests, Northern Cyprus allows for 10 months of seaside enjoyment. Our country, with its golden beaches, extensive accommodation, and entertainment facilities, stands out with strong conference opportunities and alternative tourism possibilities. In addition, it provides opportunities to explore the island's beauty through sports activities such as paragliding, golf, hiking, diving, and cycling tours.

Recently, we have observed intense interest from citizens of third countries in real estate investments in terms of residential and land investments on the island, other than Turkish citizens. One of the most important reasons for this is that real estate prices in Northern Cyprus are about 1/3 cheaper than those in Southern Cyprus on the same piece of land. The average amortization periods are between 11 and 13 years, and rental returns are also in foreign currency, making it quite effective. Living in Northern Cyprus is much easier and more economical for investors whose income is in foreign currency. Recent projects targeting foreigners have accelerated this process, providing investors with short-term and high returns.

THE RENOWNED FORBES MAGAZINE RANKED NORTHERN CYPRUS FIRST AMONG THE WORLD'S BEST BEACH PROPERTIES

Forbes Magazine, in an article published in 2021, highlighted the Turkish Republic of Northern Cyprus as one of the most suitable addresses for real estate investment. In the article written by Kathleen Peddicord, Northern Cyprus was among the five countries providing favorable opportunities for investing in coastal properties.

"In 2021, the world's best beach properties will be found in Northern Cyprus, Colombia, Brazil, Mexico, and Belize. These are the findings of the 2021 Global Property Survey by Live and Invest Overseas, an annual index detailing the cost of owning property in the best places in the world to live or retire overseas."

TRIOTIME REAL ESTATE
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