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Агентство недвижимости Северного Кипра Veles Property

What's wrong with Northern Cyprus: Pros and cons

North Cyprus is a place that many people have heard of, but not everything is known about it. Moreover, Northern Cyprus is often associated with mystery and some misunderstandings. However, if you have never been to North Cyprus but are considering it for a holiday or relocation – you need to know the whole truth. Today we will talk about the key points of Northern Cyprus.

What are the disadvantages of North Cyprus? What do residents of the northern part of the island face on a daily basis?

  • Everything is very slow – Cypriots, by nature, know how to enjoy life, but for the inhabitants of the post-CIS countries – Ukrainians, Russians, Kazakhs and other residents of the island, it is not clear why in 90% of “tomorrow” does not come tomorrow.
  • Internet speed – on the island, local providers offer Internet with a speed of up to 50 Mbps, this is enough to load movies and video materials, but it is not fast.
  • Garbage – There are no laws on the island for violating the cleanliness order and sorting garbage is not very popular.
  • Electricity – Due to large-scale developments, electricity in Northern Cyprus works intermittently in a certain season of the year, local authorities are struggling with this problem and plan to build direct channels from Turkey.

But! It should be remembered that Northern Cyprus is not a metropolis, but an island – sunny, hospitable, people here are smiling, friendly, living near the sea, and therefore relaxed. This is what captivates Northern Cyprus. This is why the island is beautiful.

What are the pros and cons of living in North Cyprus?
Pros and Cons of North Cyprus Veles Property

In recent years, Northern Cyprus has also been breaking record figures for foreign investments in real estate. The American edition of Forbes in 2024 included Northern Cyprus in the TOP countries for real estate investment.

So what are the other advantages of Northern Cyprus?

  • Clean climate and sunshine 330 days a year – the air on the island is different from the metropolis, the products here are fresh, and it is easier and more pleasant to wake up in the morning when the sun is shining outside the window.
  • Investment Attractiveness – Northern Cyprus is now at the peak of its development. The investor invests in real estate and receives passive income from renting out apartments.
  • Business development – the local population does not take on the role of businessmen, which is why many areas of business are open for investment and growth in the northern part of the island, the demand for commercial offers is also constantly growing.
  • Simplified procedure for buying real estate – in North Cyprus, you need a passport to buy a property in North Cyprus. The advantage is that they do not ask for a source of income.

Changes to the Real Estate Law – May 2024

In May 2024, the government of Northern Cyprus made changes to the legislation on the purchase of real estate by foreigners. This made certain adjustments to the market. Learn more:

North Cyprus is a country that combines a rich history, a diverse culture, and huge potential. Despite the above-mentioned disadvantages, here you can find excellent opportunities for investment in real estate, business, and build a dream life by the sea. Veles Real Estate Agency is ready to assist you in the implementation of your plans in North Cyprus and share all the necessary information.

Check out the market offers:
Studio in a complex 100m from the sea £102,500
Residence villa in Girne with 0% installments for 60 months £695,500
One bedroom apartment in a complex for living and renting with installments at 0% for 84 months £149,000
Complex of exclusive villas with infrastructure in Lapta, Girne £650,000
Ready villas 10 minutes from the center of Kyrenia 2 minutes to the sea £350,000
Studio in Iskele with a long installment plan £77,014
Detached villa complex with private pool and jacuzzi £550,000

*Check the cost and bonuses for each project with the manager. Prices may vary from the time of publication. To get detailed advice and offers with long-term installments, payment plans and locations, please contact the manager at: +90 (542) 882-84-49

Ask your question directly to Veles experts. For purchase or sale of real estate +90 (542) 882-84-49 – contact Veles Property. You can also ask your question at + 90 (548) 841-48-38.

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