What Are The Best Neighborhoods In North Cyprus?
If you are going to buy property in North Cyprus it is necessary to know what districts are the best for foreign investors. The data will help to make profitable investments and to decrease risks. It is reasonable to contact Stay Property company to purchase real estate from the developer.
Where To Buy Property In North Cyprus
According to the data. There are several regions that are really profitable for foreign investors. So, they are trying to find property there. Let’s check the regions.
1. Iskele. It is a good city for a relaxing holiday, knowing the local culture and history. There is excellent transport system with other parts of the island occur. It’s a really popular region for buying real estate. It has been gaining popularity for the last seven or eight years, but the most active sales in the region began a year or two ago. Iskele is preferred by buyers from CIS countries. So, the Russian language is widespread here. The region is built up mainly with high-rise apartment buildings of 25-30 floors, low-rise buildings are rare.
2. Kyrenia. This picturesque port city on the northern coast of Cyprus is popular among tourists and property buyers. It has a special natural beauty due to the combination of mountains and the sea. The construction of high-rise buildings is prohibited in the region, such objects are only in the very center. The maximum permitted height of construction is three floors. The average price for new buildings is from €94,000 in the western part of Kyrenia and from €117,000 in the east.
3. Guzelyurt. Agriculture is well developed in this city. For a long time, it was not considered for investment because of this, but today the city is developing dynamically. It’s a promising region in the northwestern part of the island. It’s possible to purchase real estate profitable in the region because the price is lower than in other regions. There are a large number of properties on the coast. The cost of real estate in new residential complexes starts from 80,000 euros.
So, these 3 regions are the best to purchase real estate in North Cyprus.
Proposals
Investors can purchase the following:
1. Villas near the city. It’s a great success to buy it here. It’s a luxury real estate that is perfect for large families.
2. Apartments. There are options for 1, 2, 3, or more bedrooms. The most popular are 1+1 and 2+1.
3. Townhouses. They are like villas but they are less and the land is less too.
According to the practice, the annual price increase is about 10%. It’s a good indicator. Moreover, investments are safe because the government protects foreign capital. Specialists of Stay Property company are ready to help you find the object in compliance with your demands and financial features.
