New housing in North Cyprus

New housing in North Cyprus

The primary real estate market in Northern Cyprus is characterized by a flexible pricing policy. We always communicate with our customers and find out their solvency and capabilities. After all, it is very important to convey to the developer the idea that the family will pay for an apartment or a villa? It is better for us to understand, for example, that this apartment is not understood by the family. We just overestimated our capabilities a little. Dreaming… It happens. It is ok! Than to promise the developer, and then people will stop paying. It’s always better to be on the safe side and take a little less than jump over your head and then “bite your elbows”! You can see studio apartments, 1 + 1 or 2 + 1 options. There are also 3+1, 4+1 apartments and luxury villas available.

Assess your capabilities

To understand whether I will be able to pay for the apartment/villa or not? It is necessary to conduct an audit first in thoughts, and then definitely on paper. Here are some tips:

1. Write down the debit (income) and credit (expense) for the last 3 years
2. Also, be sure to write down the debit and credit for the last 12 months
3. Do you have loan obligations for a phone, car, household appliances, etc.
4. Calculate how much money you have saved in the “piggy bank” every month
5. Do you have additional sources of income?
6. Calculate how much money you have left if you buy an apartment or villa now
7. And how much money will accumulate if you buy real estate in a month or two
8. Write everything down on paper and see what you can buy: a villa or a single 1+1 apartment? And never jump over your own head!

Wisdom from Robert Kiyosaki

Remember one very important thought: “the level of wealth is never determined by the presence of an apartment, house, car or yacht”. No, this is not a rich man! All these things could be purchased on credit or in installments. But in fact, a person has debts for 150 years ahead. A truly rich person is determined: “How many decades will my family and I live if I stop working and go completely “remote” for 10 minutes a day? That is, it means that you work for 5-10 minutes a day. Yes yes! 10 minutes a day! Simply transfer funds or invest them. Alas! You don’t have time for anything else! These are the conditions!!
You have all the time left only for rest, travel or family! Calculate how many months or years you will last… Eating your condition does not decrease, but only increases day by day. And in 1-3-5-10 years it will not end, but only multiply! Whether you work or not. So you are a rich man! “Never buy a property with your last money!
Never buy on credit until you have calculated that the “debts” are working for you! If I borrowed money, I always bought assets with it,” Kiyosaki says.

I have calculated and am ready to buy real estate

If you have calculated everything and are ready to buy real estate! Then let’s discuss what new buildings are now in Northern Cyprus. What interesting things are being built… Let’s go?

What is currently for sale in North Cyprus

Source: Veles Enterprises Article prepared by: Valerii Veles

If you have any questions regarding real estate, residence permit, purchase of air tickets, apostilled powers of attorney , please contact Veles Property. Our contact number is +90 548 841 48 38.