In which city to buy? Comparison of Features of Cities in North Cyprus
Northern Cyprus is definitely the cradle of the Mediterranean. It attracts not only with its azure beaches, cut by magnificent bays, but also with its rich cultural heritage, which can tell a lot of interesting things about the history of the island. If you want to plunge into its beauty and luxury, it’s time to think about buying a home here or investing in real estate. Which cities are the most profitable in this regard – read on.
Famagusta
The Greek name of the city sounds like Gazimagusa. It is famous for its lively atmosphere, which provides favorable conditions for opening a new business and developing an existing one. The wide rental potential of Famagusta makes the city one of the most tempting for real estate investment in Northern Cyprus. Sunny climate, rich nightlife, outstanding tourist and educational infrastructure – what more could you ask for?
Iskele
Locals call it Trikomo, and you will not find a more ideal city for buying a home! A calm, comfortable, relaxed atmosphere is already enough to buy real estate in Northern Cyprus here. The number of planned buildings and objects already under construction is growing exponentially, which means that there is a lot to choose from: houses, villas, apartments – it all depends on your wishes!
Kyrenia
It has a second name – Girne – and is one of the most popular tourist cities in Northern Cyprus. It is here that the most prestigious universities of the entire island are located, so housing is in high demand for both purchase and investment. Moreover, new areas of Kyrenia continue to be developed, attracting tourists and immigrants.
Advantages and pitfalls of buying and investing in real estate in Northern Cyprus
Investing in housing in North Cyprus is a profitable decision, and here is why:
- A visa is not required to enter the country, only a passport is enough.
- After purchasing real estate, you can become the happy owner of a residence permit.
- Low crime rate and open local population.
- Excellent ecology due to the absence of industrial enterprises.
- European education system at affordable prices.
And all this is in addition to a favorable climate and reasonable prices for apartments, houses and villas, in comparison with other European countries!
However, there are some features that are also important to consider when buying or investing in real estate in North Cyprus:
- One of the main difficulties is related to legal issues, or rather, the lack of recognition by the international community. There are prerequisites that this issue will soon be resolved, which will stimulate the growth of real estate prices in Northern Cyprus. Perhaps now is the best time to buy an apartment, villa or house.
Oddly enough, investors and buyers of real estate in Northern Cyprus agree that there are much more positive aspects of buying or investing in real estate here, and the level of risk is acceptable. If you are ready to join the number of investors or homeowners on this beautiful island, welcome to the real estate agency in Northern Cyprus VELES PROPERTY! We will be happy to advise and select the perfect option for you!
Ask your question directly to Veles experts. For a residence permit +90 (533) 826-04-49, buying or selling real estate +90 (542) 882-84-49, issuing apostilled powers of attorney +90 (542) 879-84-49, translation of documents +90 (533) 840-84-49, obtaining visas to the USA, Canada and other countries +90 (533) 833-33-98 – please contact Veles Property.
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