The best areas to invest in North Cyprus 2024
Dreaming of living in a sunny paradise with stunning sandy beaches, turquoise Mediterranean waters and rich culture? Northern Cyprus, the jewel of the Eastern Mediterranean, can make this dream come true. This land is not only a paradise for spending memorable holidays, but also offers exceptional investment opportunities in North Cyprus.
Why consider North Cyprus as a great investment?
With its exemplary political and economic stability, growing infrastructure, stunning landscapes and warm-hearted people, Northern Cyprus is fast becoming one of the most popular destinations for real estate investment. The advantages of investing in North Cyprus are many, among which the following can be mentioned:
Reasonably priced real estate market: Property prices in Northern Cyprus are significantly lower compared to other parts of Europe, making it a great opportunity for savvy investors to enter the market and earn high returns.
High rental yield: The demand for rental property in North Cyprus is very high, especially in the tourist areas. This guarantees the rental owners a significant rental yield.
Simple buying process: The process of buying property in North Cyprus is relatively simple and straightforward. With the help of a reputable North Cyprus investment advisory company, you can easily purchase a property that suits your needs and budget.
Low cost of living: The cost of living in Northern Cyprus is lower compared to many other European countries. This makes North Cyprus an ideal location for retirees and those looking for an affordable lifestyle.
Permanent residence by investment: You can qualify for permanent residence by investing in qualifying real estate in Northern Cyprus. This allows you to enjoy all the benefits of living in Northern Cyprus, including high quality healthcare and excellent education.
Attractive tax breaks: Northern Cyprus has a very favorable tax regime for foreign investors. Tax on rental income in Northern Cyprus is very low and there is no capital gains tax.
Why consider North Cyprus as a great investment?
Unique investment opportunities in North Cyprus
As we said, Northern Cyprus offers a wide range of investment opportunities in Northern Cyprus. Whether you are looking to buy a sea view villa to rent to tourists, or prefer a stylish apartment in the heart of a vibrant city, you are sure to find a property to suit your needs. In the following sections of this article, we will take a closer look at the best areas to invest in North Cyprus in 2024.
Northern Cyprus: The shining jewel of the Mediterranean
Northern Cyprus is divided into different regions, each of which has its own characteristics and advantages. In this section, we take a look at some of the top areas to invest in North Cyprus in 2024:
1. Famagusta: a city with a rich history and a bright future
Famagusta, the former capital of Cyprus, is a coastal city with a rich history and dynamic culture. It is famous for its stunning beaches, medieval walled old town and historic port. Investing in North Cyprus in Famagusta has several advantages:
High rental demand: Famagusta is one of the most popular torrist destinations in Northern Cyprus. This keeps the rental demand for property in the area very high and ensures significant rental returns for investors.
High potential for capital growth: Famagusta is currently undergoing a period of development and renewal. With the completion of infrastructure projects and increased tourism, property values in this area are expected to increase significantly.
Diverse selection of properties: Famagusta offers a wide range of properties for investment in Northern Cyprus, from luxury apartments with sea views to luxurious villas in the countryside.
Key areas for investment in Famagusta:
Famagusta Old Town: This historic area with its cobbled streets, traditional shops and historical monuments is a great place to buy an apartment to rent to tourists.
Salamis: With stunning archaeological remains, this ancient city is an ideal place to invest in boutique hotels or eco-lodges to attract history buffs.
Famagusta Beach District (Long Beach Beach District, Famagusta Beach): With stunning sandy beaches and luxury beach resorts, this area is an ideal place to buy a villa or apartment to rent out to tourists and earn income through seasonal rentals.
2. Kyrenia: the beating heart of Northern Cyprus
Kyrenia, a beautiful and dynamic port city, is considered the beating heart of Northern Cyprus. The city is famous for its historic fort, beautiful harbor and lively markets. Investing in Northern Cyprus in Kyrenia has many advantages:
Ideal lifestyle: Kyrenia is a city with a calm and friendly atmosphere and allows you to communicate with the local community. The city also has excellent amenities including restaurants, cafes, shops and shopping centers.
Diverse investment opportunities: Kyrenia offers a wide range of properties for investment in Northern Cyprus, from modern apartments in the city center to family villas in the countryside.
Easy Access: Kyrenia is well connected to Arjan International Airport, providing easy access to the rest of Northern Cyprus as well as Turkey.
Key areas for investment in Kyrenia:
Kyrenia city center: With busy streets, plenty of shops and a variety of restaurants, this area is a great place to buy an apartment to rent to residents or tourists.
Kyrenia coastal area (Karakom, Blagaard, Elaga): With beautiful beaches and beach resorts, this area is an ideal place to buy a villa or apartment to rent to tourists and earn money through seasonal rentals.
3. Karpaz: pristine nature and unparalleled peace
Karpaz, a peninsula in the northwest of Northern Cyprus, is famous for its pristine nature, unspoiled beaches and unparalleled tranquility. This area is ideal for those looking to invest in a quiet place away from the hustle and bustle of the city. Investing in Northern Cyprus in Karpaz brings several advantages:
Pristine Environment: Karpaz is famous for Karpaz Peninsula National Park, which hosts various plant and animal species. The area also has pristine sandy beaches and turquoise waters, making it a great place for recreation.
Unique investment opportunities: Karpaz offers unique investment opportunities in various fields such as ecotourism, agriculture and real estate.
High potential for capital growth: With the increasing popularity of Karpaz as a destination for tourism and accommodation, property values in the area are expected to increase significantly in the coming years.
3. Karpaz: pristine nature and unparalleled peace
Key areas to invest in Karpaz:
Karpaz coastal area (Escarino, Dipkarpaz, Fontana Amorosa): With pristine sandy beaches and turquoise waters, this area is an ideal place to buy a villa or apartment to rent to tourists and earn money through seasonal rentals.
Karpaz Rural Area: With its beautiful natural scenery and traditional lifestyle, this area is a great place to invest in ecotourism lodges or agricultural farms.
4. Lapeta: combination of beauty and peace
Lapta, a small coastal town in the west of North Cyprus, is famous for its combination of natural beauty and unparalleled tranquility. With its sandy beaches, green mountains and traditional Cypriot houses, this city is an ideal place for those looking to invest in a peaceful and pleasant place. Investing in North Cyprus in Lapta brings several advantages:
Low cost of living: Lapta has a lower cost of living compared to other cities in Northern Cyprus. This makes the city an ideal location for retirees and those looking for an affordable lifestyle.
Access to amenities: Lapta has access to important amenities such as schools, hospitals and shops.
Friendly Community: Lapetta has a friendly and warm community where you can easily meet the locals and feel a sense of belonging.
Key areas for investment in Lapta:
Lapta Beach Area: With sandy beaches and family villas, this area is an ideal place to buy a villa to live in or rent to tourists.
Lapta City Center: With modern apartments and a variety of shops, this area is a great place to buy an apartment to live in or rent to residents.
4. Lapeta: combination of beauty and peace
Conclusion
North Cyprus is an investor’s paradise in the Eastern Mediterranean, offering a wide range of investment opportunities. By choosing any of the areas mentioned in this article, you can make a safe investment and enjoy high returns and a bright future in a beautiful and peaceful country.
Key areas for investment in North Cyprus:
Famagusta:
a city with a rich history and a bright future, with high potential for capital growth and a diverse selection of real estate.
Kyrenia:
the beating heart of Northern Cyprus, with an ideal lifestyle, diverse investment opportunities and easy access.
Karpaz:
pristine nature, unparalleled peace and unique investment opportunities.
Lapeta:
A combination of natural beauty and tranquility, with a low cost of living and a friendly community.
For more information about investing in North Cyprus, you can contact the experts of Kargar Investment and Consulting Company.
