Investment comparison between North Cyprus and South Cyprus
Imagine a beautiful gem shining on the map of the Mediterranean. An island with stunning beaches, ancient civilization and warm people. Now divide this gem into two parts with an imaginary line. Two sectors with two separate identities, two different languages and of course, two unique opportunities for investment. Yes, we are talking about Cyprus. An island whose northern and southern parts have become the scene of attractive competition to attract international investors.
Comparing the investment of North Cyprus with South Cyprus is the concern of many who dream of entering the world of investment in the Mediterranean. But before you pack your bags for a dream migration or a business trip to Cyprus, it is better to take a closer look at these two separate parts.
Northern Cyprus: land of pristine beaches and first-hand opportunities
North Cyprus is a region with stunning coastal views. Beaches that still retain their pristine taste and, at the same time, proper infrastructure has been formed to attract tourists and investors. This part of Cyprus is under the political and economic support of Turkey, and this is a strong point for many Iranian, Turkish and even Arabic-speaking investors.
Comparing the investment of North Cyprus with South Cyprus, from the point of view of ease of communication, it gives a special advantage to the northern part. Istanbul Turkish, which is the dominant language in this region, is familiar to many of us. Commuting to North Cyprus is also much easier. There are direct flights from different cities of Iran to Arjan International Airport in Northern Cyprus and there is no need to obtain a special visa.
Lower costs, higher jumping platform!
One of the most important factors that can be seen in the comparison of investment between North Cyprus and South Cyprus is the issue of costs. Compared to the southern part, Northern Cyprus seems to be a more economical option in terms of living and investment costs. Real estate prices in this part of the island are lower, which makes it a good opportunity for long-term and short-term investments.
Northern Cyprus:
Acceleration in development: With a high economic growth rate, this region is rapidly developing its infrastructure and facilities. The construction of hotels, modern residential complexes, new entertainment and business centers paint a dynamic and growing outlook for Northern Cyprus.
Tax exemptions: The government of Northern Cyprus has considered attractive tax exemptions to attract foreign investors. These exemptions include income tax, property tax and value added tax.
Investing in real estate: buying a property in North Cyprus will mean getting permanent residence in this country for you and your family. You can use this property as your second home or rent it out and enjoy the income from it.
Access to regional markets: due to its proximity to Turkey, Northern Cyprus also benefits from the advantages of access to the flourishing markets of this country. This issue provides investors with new opportunities for export and trade.
Northern Cyprus:
Acceleration in development: With a high economic growth rate, this region is rapidly developing its infrastructure and facilities. The construction of hotels, modern residential complexes, new entertainment and business centers paint a dynamic and growing outlook for Northern Cyprus.
Tax exemptions: The government of Northern Cyprus has considered attractive tax exemptions to attract foreign investors. These exemptions include income tax, property tax and value added tax.
Investing in real estate: buying a property in North Cyprus will mean getting permanent residence in this country for you and your family. You can use this property as your second home or rent it out and enjoy the income from it.
Access to the markets of the region: North Cyprus, due to its proximity to Turkey, is one of the advantages of access to the flourishing markets of this country. What cards does South Cyprus have up its sleeve?
South Cyprus:
Membership in the European Union: South Cyprus is a member of the European Union and enjoys the economic and political benefits of this union. This issue can be important for investors who are looking to expand their activities in European markets.
Political and economic stability: South Cyprus has high political and economic stability. The rate of inflation and crime in this country is low, and this provides a safe platform for investment.
High standards of living: South Cyprus ranks high in the world in terms of indicators of well-being and quality of life. This makes this country an attractive option for living and investing.
Advanced infrastructure: South Cyprus has modern and advanced infrastructure in various fields such as transportation, communication and energy.
Comparison of investment in North and South Cyprus from the point of view of transitory investment in property
In this article, we compare investment in North and South Cyprus from the point of view of transitory investment in property and examine the advantages and disadvantages of both sectors.
Advantages of investing in North Cyprus:
Lower real estate prices: In general, real estate prices are lower in North Cyprus than in South Cyprus. This issue provides a good opportunity to buy a property at a more reasonable price and earn more profit in the long term.
High speed of construction: In North Cyprus, we see a high speed in the construction of residential and commercial projects. This means an increase in demand for real estate in this sector and, as a result, the potential for real estate price growth in the future.
Tax exemptions: The government of Northern Cyprus offers attractive tax exemptions for foreign investors. These exemptions include income tax, property tax and value added tax.
Ease of obtaining residence: For investors in North Cyprus real estate, it is possible to obtain permanent residence in this country. This issue can be a great advantage for those who are looking to live in a safe and calm environment with a favorable climate.
Access to regional markets: due to its proximity to Turkey, Northern Cyprus also benefits from the advantages of access to the flourishing markets of this country. This provides new opportunities for export and business for property owners in this sector.
Disadvantages of investing in North Cyprus:
Non-membership of the European Union: North Cyprus, unlike South Cyprus, is not a member of the European Union. This issue can create some restrictions for investors and property owners in this sector.
Lack of recognition: North Cyprus is not better known internationally than South Cyprus. This issue can negatively affect the liquidity of the real estate market in this sector as well as the potential for real estate price growth in the short term.
Advantages of investing in South Cyprus:
Membership in the European Union: South Cyprus is a member of the European Union and enjoys the economic and political benefits of this union. This issue can bring more stability and security to investors and property owners in this sector.
Political and economic stability: South Cyprus has high political and economic stability. The rate of inflation and crime in this country is low, and this provides a safe platform for investment.
High standards of living: South Cyprus ranks high in the world in terms of indicators of well-being and quality of life. This makes this country an attractive option for living and investing.
Advanced infrastructure: South Cyprus has modern and advanced infrastructure in various fields such as transportation, communication and energy.
Established real estate market: South Cyprus real estate market is an established and internationally recognized market. This issue injects high liquidity into this market and increases the potential for real estate price growth in the long term. This issue provides investors with new opportunities for export and trade.
Disadvantages of investing in South Cyprus:
High real estate prices: In general, real estate prices are higher in South Cyprus than in North Cyprus. This issue can make initial investment more difficult for applicants.
High competition: South Cyprus real estate market is highly competitive due to its well-established and well-known international status.
Conclusion:
Comparing investment in North Cyprus and South Cyprus clearly shows that both parts of the island have their own advantages and disadvantages. The final choice depends on the goals, priorities and conditions of the investor.
See more: Investing in Northern Cyprus
If you are looking for an opportunity to invest in a growing region with low costs and tax exemptions, North Cyprus could be the right choice for you. But if stability and security, membership in the European Union and access to European markets are a priority for you, you should consider South Cyprus.
Finally, it is recommended that you consult an experienced Cyprus investment advisor before taking any action.
Kargar Consulting and Investment Company with more than 14 years of brilliant experience in investment and property purchase in North Cyprus and having more than 18 active branches in Iran, Turkey and North Cyprus, is ready to provide expert advice to you in the field Comparing investment in North Cyprus with South Cyprus and choosing the best option for your investment.
For more information and free advice, you can contact our experienced experts at Kargar Consulting and Investment Company.
Comparing the investment of North Cyprus with South Cyprus is a complex and multifaceted issue. In this article, an attempt has been made to briefly and usefully mention the most important points in this field.
To study more deeply and check more details, you can refer to specialized sources in this field.
Kargar Consulting and Investment Company, with the benefit of an experienced and expert team, is ready to provide expert advice to you dear ones in all stages of investment in North Cyprus.
Frequently asked questions about investing in North and South Cyprus
1. Which part of Cyprus is safer for investment?
Both the northern and southern parts of Cyprus are in a favorable situation in terms of security. The crime rate is low in both areas and political and economic stability is established in them.
2. Which part of Cyprus is better for living?
It depends on your taste and preferences. If you are looking to live in a quiet environment with lower costs, North Cyprus can be the right choice for you. But if you are looking for access to more advanced amenities and education, as well as membership in the European Union, South Cyprus should be considered.
3. Which part of Cyprus has the potential for the greatest growth in real estate prices in the future?
Accurately predicting the potential for real estate price growth in the future is difficult and depends on various factors. However, overall, Northern Cyprus has more long-term growth potential due to lower property prices and high construction speed. South Cyprus can also witness the growth of real estate prices in the long term due to its political and economic stability, membership in the European Union and established real estate market.
4. What documents do we need to invest in Cyprus?
The documents required to invest in Cyprus depend on your type of investment. In general, to buy a property in Cyprus, you need a passport, visa (if required), a certificate of no criminal record and proof of financial means.
5. Do we need a special language to invest in Cyprus?
The official language of Northern Cyprus is Turkish and the official language of Southern Cyprus is Greek. However, English is widely spoken in both parts of the island, and you will have no problem getting around and investing.
6. Which part of Cyprus has the lowest cost of living?
In general, the cost of living in North Cyprus is lower than in South Cyprus. This issue can benefit investors who are looking for more control over their expenses.
7. What are the differences between the laws regarding residence in North and South Cyprus?
The conditions for obtaining residence in both parts of Cyprus are somewhat similar. However, in Northern Cyprus, it is possible to obtain permanent residence through the purchase of property, while in Southern Cyprus, more specific conditions apply to obtaining permanent residence.
8. To invest in which part of Cyprus, which company or consultant should be consulted?
Choosing the right company or consultant for investing in Cyprus depends on various factors such as the history and experience of the company, the expertise of consultants, customer feedback, etc.
9. Is it possible to invest in Cyprus without traveling to this country?
Yes, it is possible to invest in Cyprus without traveling to this country. You can invest in this country through reliable companies and with the help of experienced consultants.
10. When is the best time to invest in Cyprus?
The best time to invest in Cyprus depends on your goals and priorities. However, in general, prices are lower in the off-peak seasons, such as fall and winter, and you can make a more affordable investment.
Kargar Consulting and Investment Company with more than 14 years of brilliant experience in investment matters in North Cyprus and property purchase in North Cyprus and with more than 18 active branches in Iran, Turkey and North Cyprus, is ready to provide you with expert advice. Dear friends, in the field of comparing investment in North Cyprus with South Cyprus and choosing the best option for your investment.
