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Thanks to its strategic location and many beautiful features, TRNC is an attractive country for investors. Being one of the most beautiful and biggest islands of the Mediterranean, Cyprus is vibrant also in the real estate sector. TRNC investment endeavors are mostly profitable and advantageous.

Cyprus Investment Advantages 2020

TRNC may be counted among the most profitable countries in terms of investments. The real estate market is mostly dynamic; it is a region which has the interest of both foreign and local investors.

Investment advantages for Northern Cyprus are as follows:

  • Real estate and tourism sectors in TRNC have become more vibrant following the crisis in Greece
  • Cost of living is relatively lower than Southern Cyprus since it is not incorporated in the European Union
  • The existence of high business management quality paves the way for indirect investments (Build-and-Sell flats, construction partnership, etc.)
  • Due to its rapidly growing economy, there are opportunities provided to both local and foreign investors
  • Cyprus is the third biggest casino country in the whole world
  • There are many 5-star hotels especially in Trikomo and Famagusta regions
  • Crime rates are very low; high level of security attracts investors
  • Investors have the right to take mortgages until a period of 10 years
  • Investment pay-back periods are swift; generally, this period varies between 8 and 12 years according to location
  • Annual rental income is 10% on average
  • Residence permits are granted to investors
  • Climate is mild in all seasons

Cyprus provides various advantages for investment and it manages to attract both local and foreign investors.

The Most Profitable Investment Areas for Cyprus 2020

The most profitable areas for investment in TRNC are Kyrenia, Trikomo, and Famagusta. Trikomo region is the most vibrant, rapidly growing, young places of Northern Cyprus. Especially Long Beach region of Trikomo mostly attracts investors’ interest. In Trikomo Long Beach of Northern Cyprus, some conditions are put forward such as interest-free 48-month installations and 30% advance. Facilities are provided regarding the purchasing of flats. Thanks to its beautiful, adorable coast, many tourists/investors are attracted to this place also from outside the country. Famagusta, on the other hand, is especially known for its universities. Famagusta is a port city at the same time. This situation positively affects the economy. In only Eastern Mediterranean University, there are 15,000 students. Approximately, there is a 10 to 15-minute distance between Trikomo and Famagusta. Famagusta is young at the same time, attracting the interests of investors with its new buildings.

Who May Make Investments in Northern Cyprus?

Everyone has the opportunity to make an investment in TRNC. Since the business management quality is at a good level, you may make investments in the areas such as build-and-sell flats and construction partnerships. As it is a rapidly growing economy, local-foreign investors are provided with a variety of opportunities. Even if there are some statutory restrictions with regard to purchasing a house in Northern Cyprus, everyone has the opportunity to be a real estate investor. Moreover, residence permits are granted to investors in Cyprus. This situation is among the factors that attract investors.

Why Does Cyprus Attract Investors?

The real estate sector is generally vibrant in TRNC thanks to investment opportunities. TRNC is a safe country; crime rates are rather low. All Turkish banks have branches in TRNC. Foreigners are allowed to take out loans against the mortgage. Near East University Hospital is rather new and has a state of the art technology. Discoes, bars, casinos are alluring places for those who like nightlife. These are mostly located in Famagusta and Kyrenia.

Cyprus Real Estate Investments 2020

Real estate investments are profitable in Cyprus. Cyprus is a vibrant country in terms of tourism. Its climate is mild in every season. Warranted rental income is among the advantages of investors. Thanks to its natural beauties, unique nature, deep blue sea, and strategic position, Cyprus attracts the attention of local and foreign investors. Investments in the field of education and the newly-opened universities are also among the factors enlivening the real estate sector. House, residence, and land prices are on the rise.

 

 

 

 

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