Buy a penthouse in Northern Cyprus
The luxury real estate market in Northern Cyprus is increasingly attracting international buyers looking for a penthouse in Northern Cyprus that offers an exceptional quality of life with breathtaking sea views and access to unspoiled nature. KIBRIZ, a leading local real estate agency, specializes in the needs of discerning clients who are looking for a holiday home or a penthouse apartment that meets the highest living standards. The popularity of Northern Cyprus as a unique destination, known for its tranquility and untouched nature, makes investing in a luxury penthouse, a penthouse by the sea or a penthouse with a roof terrace an attractive option for buyers who value quality and exclusivity.
KIBRIZ understands the importance of comprehensive advice and support when buying a penthouse in this region. By working with renowned construction companies and a careful selection of properties, the company offers potential buyers not just a property, but a home that makes their dream of a penthouse with a sea view come true. With a range of personalization options and flexible payment plans, buying a luxury penthouse in Northern Cyprus becomes an achievable goal for interested parties worldwide.
Why Northern Cyprus?
Northern Cyprus, officially known as the Turkish Republic of Northern Cyprus (TRNC), is a jewel in the Mediterranean that attracts both investors and life lovers from all over the world. Here are some reasons why Northern Cyprus is an excellent choice for buying a penthouse:
- Economic benefits and investment opportunities:
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- Real estate prices in Northern Cyprus are recording an average annual increase of 10% compared to the previous year.
- Renting out a property can yield a return of 10% and up to 15% of the property value annually.
- With the upcoming possibility of joining the European Union, the region is becoming even more attractive to investors.
- Quality of life and safety:
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- The cost of living is significantly lower compared to Southern Cyprus and other Mediterranean countries.
- Northern Cyprus enjoys about 330 sunny days a year, making it an ideal place to live and vacation.
- The region is one of the safest in the world with a low crime rate, which provides a safe environment for residents and investors.
- Tourism and infrastructure:
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- Tourism in Northern Cyprus is growing significantly, leading to increased demand for rental properties.
- Ercan Airport is being significantly expanded and is increasing its capacity to 5 million passengers per year.
- Northern Cyprus has identified tourism as a priority sector, which further increases the demand for luxury penthouses.
The penthouses in Northern Cyprus, available in cities such as Famagusta and Nicosia, not only offer breathtaking views of the Mediterranean Sea and the picturesque landscape, but also a high quality of life, security and economic benefits. With a variety of price ranges, from affordable offers to luxury penthouses, Northern Cyprus is a first-class choice for those who want to invest in a property that is both a home and a valuable investment.
The advantages of a penthouse
The penthouses in Northern Cyprus, offered by KIBRIZ, combine luxury and comfort in a unique way. Here are some of the outstanding advantages that these exclusive living spaces offer:
- Breathtaking views: Enjoy uninterrupted panoramic views of the sea and mountains right from your living room. The elevated position of a penthouse allows you to fully experience the beauty of Northern Cyprus.
- Exclusive features and amenities:
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- Spacious terraces offer space for outdoor entertaining or relaxation.
- High-quality features include fully equipped kitchens, smart home technology and large windows for plenty of natural light.
- Private entrances and elevators provide additional privacy and exclusivity.
- Comfort and style: The penthouses are a harmonious blend of modern design and functional elegance. Spacious living areas and the well-thought-out room layout not only offer a high standard of living, but also make these properties an ideal choice for permanent residence or as a holiday home.
KIBRIZ understands that buying a penthouse is more than just an investment; it is the beginning of a new lifestyle. Whether as a permanent residence, holiday resort or as a profitable investment – a penthouse in Northern Cyprus opens up a world of possibilities.
Luxury features and amenities
The luxury features and amenities offered in the penthouses of Northern Cyprus set new standards in comfortable living. Here is an overview of the outstanding features:
- Boutique-style spa and wellness:
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- A project in the hills of Karaagaç offers 45 elegant units, including a luxurious spa, gym, restaurants and a center for alternative healing methods.
- For those seeking relaxation, this is an oasis of calm that lets you forget everyday life.
- Private amenities:
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- The Bahamas Homes in Esentepe, Kyrenia, take luxury to a new level with penthouses offering private pools, gardens and terraces.
- Modern, fully equipped kitchens allow for a first-class cooking experience.
- In Tatlısu, Famagusta, a luxurious penthouse for £229,000 with 1 bedroom, 1 bathroom, a living space of 60 m² and a terrace of 15 m² attracts, including all modern comforts such as fly screens, an open layout and a fully equipped kitchen.
- Community facilities and nature experience:
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- High-quality materials and furnishings, such as underfloor heating and terraces with barbecue, shower and pergola, offer an incomparable living experience.
- The proximity to the beach and direct access to the sea guarantee carefree leisure activities.
- Various amenities such as a spa, heated indoor pool, fitness and wellness center, tennis courts and a restaurant provide variety and relaxation.
These penthouses not only offer breathtaking views and exclusive living options, but also a comprehensive range of amenities that make every day an experience. From the individual design of each living space to the carefully maintained common areas, every detail is designed to offer residents the highest level of comfort and luxury.
Investment opportunities
The price range for penthouses in Northern Cyprus varies considerably and offers a wide range of opportunities for investors. With living spaces ranging from 60 m² to an impressive 400 m² and the number of bedrooms between 1 and 7, these properties cover a wide range of needs and budgets. This diversity makes Northern Cyprus an attractive market for a variety of investors.
- Price range: £150,000 – £1500,000
- Bedrooms: 1-7
- Living space: 60-400 m²
Real estate values in Northern Cyprus have steadily increased over the past ten years. This is due to several factors, including a growing tourism sector, improved infrastructure and a stable political climate. In addition, the government of Northern Cyprus offers investor-friendly tax policies, such as low property taxes and exemption from capital gains tax, which maximizes the return on real estate investments.
- Growth factors:
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- Growing tourism sector
- Improved infrastructure
- Stable political climate
- Investor-friendly tax policies
For investors considering financing, Northern Cyprus offers various options, including bank loans and developer financing, which can finance 70-80% of the property value. Especially for foreign investors, there are tailor-made financing options that include flexible payment plans and credit options. These financing options are particularly attractive for buyers who want to invest in off-plan properties, as many developers offer generous payment plans that allow buyers to make payments in stages.
- Financing options for investors:
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- Bank loans: Financing of 70-80% of the property value
- Developer financing: Direct financing or installment purchase by property developers
- Interest rates: Vary depending on economic conditions and central bank policies
- Documents for loan application: Proof of income, copy of identity card or passport, land register certificate of the property
This information provides a comprehensive overview of the investment opportunities in Northern Cyprus and highlights the attractiveness of the region for real estate investors.
Flexible payment plans for buyers
When buying a penthouse in Northern Cyprus, flexible payment plans offer an attractive option for buyers. These plans are designed to make the buying process as seamless and financially portable as possible. Here are some important points that buyers should consider:
- Entry and residence: An identity card is sufficient for entry into Northern Cyprus, although the EU considers entry from Turkey to be illegal border crossing. This should be taken into account when planning viewings or the purchase process.
- Currency exchange and payments:
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- Currency exchange: It is cheaper to exchange money in Northern Cyprus than in Germany. For payments, it is recommended to use a card instead of exchanging money at the airport.
- Withdrawing money and credit card: Visa and Mastercard cards work in Northern Cyprus. It is recommended to use a card with no foreign transaction fees or foreign currency fees.
- Other important information for buyers:
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- Flights: Flights from Germany to Northern Cyprus always have a stopover in Turkey. This should be taken into account when planning.
- Internet and telephone: It is advisable to purchase a SIM card from Northern Cyprus. In Nicosia, buyers should be careful as phones can also connect to the Northern Cyprus network in the south.
- Day trips: Day trips are possible from south to north. There is a pedestrian border crossing on Ledras Street in Nicosia.
- Sockets and left-hand traffic: A travel adapter is necessary due to a mixture of British and European sockets. It is also important to be aware of left-hand traffic.
- Health insurance: Private clinics in Northern Cyprus can be expensive for tourists. It is recommended to take out travel insurance.
- Photography: Photographing the Green Line, soldiers and military installations is prohibited.
These notes are crucial for buyers and should be taken into account when planning a property purchase in Northern Cyprus. By taking these points into account, buyers can ensure that the purchase process runs smoothly and unexpected costs or problems are minimized.
Modern architecture and design
The modern architecture and design of the penthouses in Northern Cyprus are essential aspects that KIBRIZ emphasizes. These penthouses offer a perfect blend of modern design and traditional elements that can be found in prime locations. The selection ranges from:
- Project Poseidon: Offers penthouses with sea views from £349,000. These are located on the Golden Mile of Northern Cyprus and represent an exclusive living option.
- Panorama Hills Project: Here the prices for penthouses also start from £349,000. In addition to the sea view, these also offer direct access to the beach, which makes them particularly attractive.
- Querencia Long Beach Project: Comprises four blocks with a total of 365 residences, including studios, 1+1, 2+1, 3+1 bedroom apartments and 4+1, 5+1 bedroom penthouses. This project offers a variety of living options that meet the different needs and wishes of buyers.
Transport options in Northern Cyprus, including flights from Germany with a stopover in Turkey, as well as the availability of dolmus (minibuses), although information on this is scarce, also play a role in deciding on a penthouse in this region. There are no long-distance buses, and when driving or renting a car, the guidelines for driving in Turkey should be observed. Renting a car may not be possible for crossing the border between North and South. Taxis should be used with a working meter to avoid overpayments.
These aspects underline the attractiveness of the penthouses in Northern Cyprus, which, with their modern architecture and appealing design, combined with the convenient location and available transport options, represent an ideal home or investment opportunity.
The lifestyle in a penthouse
Living in a penthouse in Northern Cyprus means being inspired every day by the beauty and tranquility of the surroundings. Here are some aspects that make the lifestyle in a penthouse in Northern Cyprus special:
- Privacy and exclusivity:
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- Penthouses offer unsurpassed privacy thanks to their location on the top floor of a building.
- The exclusive access and private elevators underline the feeling of luxury and seclusion.
- Unique views:
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- Residents enjoy breathtaking panoramic views of the Mediterranean Sea and the surrounding mountains.
- The spacious terraces and roof gardens offer a private outdoor retreat that invites you to relax and entertain.
- Lifestyle and comfort:
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- Modern amenities such as gyms, spas and communal pools contribute to a healthy and active lifestyle.
- The proximity to beaches, restaurants and cultural offerings allows for a balanced mix of relaxation and entertainment.
Buying a penthouse in Northern Cyprus through KIBRIZ not only offers a first-class property, but also a lifestyle characterized by luxury, comfort and the beauty of nature.
Discover Northern Cyprus as a travel destination
Northern Cyprus, a hidden gem in the eastern Mediterranean, offers a fascinating combination of unspoiled nature, rich history and modern infrastructure. This unique mix makes it an ideal destination for investors and holidaymakers alike. Here are some highlights that make Northern Cyprus an unforgettable experience:
- Historical and cultural sites:
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- The Karpaz Peninsula is known for its ancient cultural landscapes and historical relics, embedded in breathtaking scenery. A trip lasting several days is recommended to experience the full beauty of this region.
- Famagusta and its surroundings impress with a melancholic, late medieval town center, surrounded by massive fortifications, as well as the ancient cities of Salamis and Enkomi.
- Nicosia, the divided island metropolis, offers significant buildings from the Christian Middle Ages and the Ottoman period in its northern sector.
- The Besparmak mountain range with its mysterious, medieval castles Kantara, Buffavento and St. Hilarion offers a spectacular backdrop.
- Natural beauties and coastal towns:
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- Kyrenia, protected by a mighty sea fortress, and the abandoned Premonstratensian Abbey Bellapais offer breathtaking views of the coastline.
- The diverse flora and fauna of the region, especially on the Karpaz Peninsula, invites you to discovery tours and hikes.
- Travel and transport information:
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- Direct flights between European airports and Ercan International Airport in Northern Cyprus are not available for political reasons. Travelers can fly to Ercan via Istanbul or other Turkish destinations with Turkish Airlines.
- Regular flights to Larnaca in the Greek part of Cyprus are available with Lufthansa and Austrian Airlines; a private car or a booked taxi can take travelers to Northern Cyprus.
- The road network in Northern and Southern Cyprus is well developed, and rental cars, buses and shared taxis are available for transport.
This information illustrates why Northern Cyprus is becoming increasingly popular as a travel destination. The combination of historical sights, natural beauty and ease of travel makes it an attractive destination for investors looking for a penthouse, as well as for holidaymakers who want to discover the Mediterranean flair and cultural diversity of the region.
Conclusion on Northern Cyprus
The fascination of Northern Cyprus, captured in the luxurious penthouses, not only reflects the extraordinary quality of life that this Mediterranean jewel has to offer, but also reinforces the wisdom of such an investment. The combination of breathtaking nature, cultural diversity and economic benefits makes buying a penthouse in this region a decision that appeals to both the heart and the mind. KIBRIZ, as your trusted local broker, is ready to accompany you on this exciting journey and ensure that your dream of a luxurious lifestyle comes true.
From the spectacular sea views to the exquisite amenities that each penthouse offers, it is obvious that Northern Cyprus is more than just a place to live; it is an invitation to an extraordinary lifestyle. With KIBRIZ at your side, entering this world full of possibilities is just one step away. Buy property North Cyprus with KIBRIZ and discover for yourself why so many people have chosen not only to invest here, but to start a new chapter in their lives.