Overseas property investment is a great move for many, and North Cyprus presents a wealth of exciting opportunities. With tourism on the rise year on year, you can be assured that you will receive a faster return on your investment than in many other more well-known locations. Want to find out more? The team here at Halls Property Group are here to help!
North Cyprus uses the Turkish Lira currency instead of the Euro, and because of this, the cost of living and the cost of property is extremely cheap when compared to the rest of Europe. In fact, it is on average a staggering 30 to 40% cheaper, meaning you can pick up a stunning beachfront apartment for as little as 80,000 GBP. For context, the same sort of location in Europe will set you back at least 200,000 Euros.
Another reason for these very attractive prices is that, until relatively recently, mortgages have been scarcely available on this part of the island. Now, developers are offering interest-free loans of up to 7 years. For this reason, we have seen an influx of international Investors taking full advantage of the prices. This also means that developments are being established all over the region to keep up with demand, which has led to prices rising year on year by between 10%-15%.
For investment purposes, buying under construction will be the best move at the moment. Due to the current state of the global financial economy, avoiding debt markets and investing in interest-free cash-heavy markets is the most prosperous and safest way to maintain cash flow. Rest assured, our experienced team members have a wealth of knowledge when it comes to overseas property investment and will be able to point you in the direction of opportunities that are most likely to grow your wealth.
We know that investing in property abroad for the first time is a big step, and that is why we are here for you every step of the way.
Please note that we can also manage your property here in North Cyprus, meaning this will be a hands-off investment. To put it simply, we do the hard work, so you don’t have to! We will deal with the rentals and maintenance, and we also advertise on the top 10 booking sites on the market—allowing our clients to see fantastic returns. Not only will you see great rental yields, but you will also see steady capital appreciation as prices are rising constantly due to the huge demand. So, if you are looking to sell in the future, you couldn’t have chosen a better place for overseas property investment.
As a company, we make the purchase process as pain-free as possible by offering the following additional services.
Now is a great time to buy, as developers are offering added bonuses and discounts for foreign investors. We can schedule a live tour for you to see the developments, along with the construction progress on any of them. No question is too much for us to answer, and we are here to give you all the information you need to venture into overseas property investment with total confidence.
Ready to find out more? We look forward to hearing from you and exploring this wonderful slice of paradise together. Just give us a call today!
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