5 Reasons Why to Move to Northern Cyprus
There were two types of overseas property buyers in Northern Cyprus: investors and relocation ex-pats. Over the past few years, the main reason for purchasing property in north Cyprus was the great sunshine, low cost of living, inexpensive properties with excellent building quality, low crime, and wonderful Mediterranean foods. In the beginning, many middle-class ex-pats chose to retire in Northern Cyprus followed by younger families looking for low crime, cheaper and better international schools for their children. These factors have made Northern Cyprus more popular than ever to invest in real estate!
Thanks to the internet, the power of YouTube, and social media, more people discover Northern Cyprus and compare property prices worldwide. This new age has increased the interest of overseas investors in the Northern Cyprus property market. Northern Cyprus property is not only promising to make a smart financial decision for investors but also becomes a popular destination to relocate to. Unlike some other places like in the Middle East or some European countries where citizenship is being offered or promising certain unrealistic figures to invest in property, Northern Cyprus has so many things working for it that make Northern Cyprus very attractive and continually growing.
Safety
The island of Cyprus was ranked fifth in the list of safest countries in the world in 2013 and Northern Cyprus was rated third in the same year. Many people did not lock their car or house doors. Even today, it’s still a safe place to live and our staff never had a negative incident or uncomfortable feeling during the past year. Don’t be surprised when you see the many bolts on home doors. I’s actually not needed but standard because locals don’t know it any other way,
Reasonable Prices
TRNC’s local currency is Turkish lira, but real estate and cars are sold in foreign currency (British Pounds). Food and daily essentials’ prices are in Turkish lira and the higher the foreign currency, the higher the buying power. That’s why tourists love life and investments in TRNC. Even people living in Southern Cyprus travel to Northern Cyprus for shopping and gas. This fact makes it ideal to invest in real estate and for retirees from wealthy countries like Switzerland, Austria, Germany, Great Britain, Skandinavia or the United States of America.
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Ready to explore
If you love nature and the outdoors, then Northern Cyprus is for you! There are so many options for exploring. You can discover brand-new places to visit every weekend!
Peaceful
The safe country TRNK is also the address of Peace. The inhabitants of the Island generally live a calm and stress-less life. This is reflected at every stage of life. TRNC offers a peaceful life with its nature, scenery, and climate.
10% increasing investment (annually)
Property prices in Northern Cyprus are rising by up to ten percent per annum in key investment zones. Elsewhere, prices have remained very steady. This is in sharp contradiction to falling prices in other European countries. The reason why Northern Cyprus property prices have remained so stable is that properties have been constructed with private capital and not with loans from the international financial system and because the Northern Cyprus property market was insulated from the global banking crisis.
The most lucrative resale strategy is buying an object at the zero phases of construction when the builder sells it at the lowest possible price. After the construction is complete (usually within one to two years), the object is sold at the market price of completed projects. Property value increases an average by thirty percent during the building process. Buying a property in Northern Cyprus and make a safe long-term investment.