Independent opinion polls show that residents of Northern Cyprus are more satisfied with their life than citizens of other European countries. The real estate market in the country is famous for affordable prices, showing a stable annual growth of 5-10%.
Benefits of property investments
Demand for apartments, houses for rent, and permanent residence remains high. The long tourist season has a positive effect on rental income. In addition to affordable prices, and quick payback, investing has many other advantages:
- easy process of property registration, minimal bureaucratic costs;
- high rental income;
- liquidity: previously purchased apartments can be quickly sold;
- low utility costs.
A profitable purchase of a house or villa allows you to live in a country with a stable economy, developed medicine, and a friendly language environment, enjoy sea views and sights of ancient and modern cities of Northern Cyprus, and eat organic food.
Features of choosing real estate projects
Rental income is guaranteed to be high if you choose the correct region. Selecting objects on the first coastline is better for daily or short-term rent. Many offers have beautiful sea views near Long Beach, Guzelyurt, and Esentepe.
Choosing objects in the island’s depths, with developed infrastructure and good transport links, is better for long-term rental. Most tourists are families with children, so they are more likely to rent an apartment near a playground, a pharmacy, and shops.
At the selection stage, you need to decide on the property’s purpose. If you plan to use an apartment for your living, the priority is personal interests; if you want to generate income – the requests of tenants.
The Prime Pro Investment company provides a wide range of properties for sale in the primary and secondary real estate market of the TRNC. We work with proven developers and select villas and apartments, considering all customer requests.
The catalog includes apartments in Kyrenia, Lefkosa, Famagusta, Esentepe, Guzelyurt, Iskele, and other cities of the TRNC. Transaction support consists of a range of services from choosing an object to registering real estate, as well as assistance in adapting to the country (employment, obtaining a residence permit, obtaining a loan, real estate management, etc.) – https://primeproinvest.com/