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North Cyprus
An Exciting Opportunity for Overseas Property Investment
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!
Why is Property in North Cyprus So Cheap?
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%.
What is the Best Way to Invest in Property in North Cyprus?
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.
What Will I Have to Do?
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.
What Other Services do Halls Property Group Provide?
As a company, we make the purchase process as pain-free as possible by offering the following additional services.
- Legal Services
- Will Writing
- Insurance
- Furniture Packages
- Rental Management
- Property Maintenance
Talk to Us Today
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!
Looking to sell?
If you want to sell your property in East London or any of the surrounding areas we cover, we are the agency for you. We use a wide range of resources to effectively market homes, and we’ll do everything that we can to secure you the quick, profitable sale that you are looking for.
Looking to let?
We’re one of the most trusted letting agents East London has to offer, and we provide a wealth of services for landlords in the area. Whether you are looking for new tenants or need some assistance managing your portfolio of properties, a member of our team is ready to help.