New construction properties in Northern Cyprus
Güzelyurt (Morphou), Northern Cyprus
Güzelyurt (Morphou), Northern Cyprus
Famagusta, Northern Cyprus
Famagusta, Northern Cyprus
Famagusta, Northern Cyprus
Famagusta, Northern Cyprus
Famagusta, Northern Cyprus
Famagusta, Northern Cyprus
Famagusta, Northern Cyprus
Famagusta, Northern Cyprus
Famagusta, Northern Cyprus
Famagusta, Northern Cyprus
Kyrenia (Girne), Northern Cyprus
Kyrenia (Girne), Northern Cyprus
Kyrenia (Girne), Northern Cyprus
The five districts of Northern Cyprus are Gazimagusa, Girne, Guzelyurt, Iskele, and Lefkosia, which shares the same name as the republic's capital. The districts' names and administrative headquarters, however, are more frequently referred to by their Greek names by the locals: Famagusta (Gazimagusa), Kyrenia (Girne), Morphou (Guzelyurt), Trikomo (Iskele), and, of course, Nicosia (Lefkosia).
The price per square meter in an off-plan project starts from 1500 euros. The real price depends on the unit, its conditions, location, and other factors.
When purchasing real estate in Northern Cyprus, a foreign may apply for a residency permit. The price of the object is not important, since the law does not define the requirements for the minimum purchase price to obtain a residence permit.
It depends on the location but the average annual income is about 10%.
If you are investing for profit and good liquidity, the best option is to buy resort or city property. Resort property can be rented out to tourists, generate income and, at the same time, periodically used for your own holidays. Urban property, located near educational institutions, can be rented out to students on a long-term basis. If you are planning to buy a home for permanent residence, choose an apartment or villa that best matches your idea of an ideal home at sea, so that then comfortably live and do not regret the insufficiently thought-out choice.
North Cyprus became very popular among foreign investors. They are ready to buy villas and apartments even on the primary market. Many units are available for sale. You can choose luxury and inexpensive real estate in the country. Just contact our specialist to get property in compliance with your preferences and financial features.
Reasons to Buy Property in North Cyprus
There are several reasons why foreign investors might consider buying real estate in North Cyprus:
- North Cyprus enjoys a Mediterranean climate with long, hot summers and mild winters, making it an attractive destination for those seeking a sunny and warm environment.
- Compared to many European countries, the cost of living in North Cyprus is relatively lower, offering a more affordable lifestyle for retirees or those looking for a second home.
- The real estate market in North Cyprus has shown growth potential, with property prices still relatively lower compared to other Mediterranean destinations. This can present opportunities for capital appreciation.
- Great beaches. The country has a long coastline.
- Citizenship and Residency Options: Purchasing property in North Cyprus can offer opportunities for residency permits or citizenship through investment programs, providing additional benefits for European buyers.
- There is potential for rental income from properties in North Cyprus, especially in popular tourist areas.
All kinds of properties for sale are available: from small apartments to large villas.
Our specialists will help with the registration of a residence permit and with obtaining a mortgage in one of the banks of the country. They are ready to provide full information and legal support at any stage of co-operation.