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I don’t know where best to invest in 2024. What should I do?
One of the best options is to invest in real estate in Northern Cyprus, as Turkey is aiming to develop into a second Singapore there. There are even casinos, nightclubs, etc., which is culturally unthinkable in Turkey. Northern Cyprus is therefore the perfect balance between other EU countries and yet a very European-liberal culture. The fact that it is Turkey is the biggest advantage of Northern Cyprus.
Why should I consider Northern Cyprus for high-yield properties?
Property in Northern Cyprus is currently still affordable, but prices are rising quickly. There is a gold rush atmosphere at the moment, which is why it is important to act quickly and secure the best properties to reap the benefits of this investment.
Why should you invest in real estate there despite negative prejudices and a lack of connection to Northern Cyprus?
Although there is a lot of negative feedback about Northern Cyprus, especially from the Greek side because of the higher prices, there are also positive aspects: the fact that Turkey wants to make Northern Cyprus a second Singapore and there are even casinos, nightclubs, etc. there. – the culture is European-liberal. It is important to be well informed before making such an investment.
Can you buy property in Northern Cyprus as a foreigner?
Foreign property buyers and investors are welcome in Northern Cyprus because they are the growth engine of Northern Cyprus.
Why should I buy a property in Northern Cyprus?
Northern Cyprus is the location of the future with a unique geostrategic location and strong development. Northern Cyprus is growing rapidly and attracting more and more people and companies from Europe and around the world. The special lifestyle and sustainable economic attractiveness ensure constant growth and increasing demand. For property buyers, this means, in addition to good returns and short- and long-term opportunities for value appreciation, they also personally benefit from the luxury and lifestyle of Northern Cyprus.
How does buying a property in Northern Cyprus work?
Basically the purchase works like in most European countries. First, you reserve a property by paying a deposit (approx. 5,000 euros). There is an official purchase contract and corresponding protection for the new owner through the registration of the owner in the land registry office, comparable to a land register entry. With the deposit of 30-50% depending on the construction progress you become the owner of the property.
Can you finance a property in Northern Cyprus as a foreigner?
Yes, even as a foreigner you can finance a property in Northern Cyprus. However, the interest rates on a loan are around 9-15% p.a.
How secure are rental income in Northern Cyprus?
Northern Cyprus is a very investor-friendly location that offers property owners a high level of legal certainty. Loss of rent or even rental nomads like in Germany are therefore very unlikely in Northern Cyprus, as the tenants here always pay in advance.
Who will take care of the rental, care and maintenance of my property in Northern Cyprus?
This is usually done by the property developers themselves. They also offer transfers for guests. Otherwise, there are many local service providers who can take care of this.
What do I have to pay attention to if I want to buy a property in Northern Cyprus?
It is important to look for a competent partner because:
It is often especially important for outsiders who are not constantly on site in Northern Cyprus and can deal with real estate projects and the best locations in detail very difficult to find properties and evaluate them correctly.
Above all, the location and infrastructure have a significant influence on tenant demand and the quality of living, e.g. if the distances become too long due to traffic problems or the good sea view another project is being built.
This also applies to the construction quality and equipment of the properties. There are developers who use cheaper building materials or are more economical when it comes to equipment. This later leads to higher repair costs and lower demand from tenants.
There are also a few things to consider when making the purchase, as the process is often different than in Germany, Austria or Switzerland. And last but not least, the language is a challenge for many.
What is the best way to proceed if I want to buy a property in Northern Cyprus?
First, quickly fill out the form below. A knowledgeable staff member will contact you immediately. We check your individual search criteria, organize suitable viewing properties or properties on site and support the entire purchase process. There are no brokerage fees.
1. Contact
If you are interested in purchasing a property in Northern Cyprus, please contact us and let us know your exact investment plans. A knowledgeable member of our brokerage team will contact you immediately. We will discuss possible investment properties with you and clarify any open questions. Your sightseeing travel planning can also be discussed now.
2. Free accommodation
We provide you with free accommodation for 3 days in a beautiful holiday resort. Simply send us a copy of your passport and flight ticket. Enjoy the wonderful climate of Northern Cyprus during your sightseeing tour!
3. Airport pickup
You fly to Northern Cyprus on a mutually agreed date, ideally a Sunday, so that the sightseeing can start directly on Monday. The flight lasts approximately 3 1/2 to 4 hours. We organize your transfer from the airport to the holiday accommodation. We cover the full cost of transfer and accommodation.
4. Your dream property
Together with the respective property developers, we will show you the best real estate projects in Northern Cyprus and help you find your dream property. If you are interested, you can reserve projects directly, the price of which is then fixed for you.
We would be happy to support you with any administrative procedures and offer our comprehensive service even after the purchase. As is usual in Germany, payment for a new building is made according to construction phases.