North Cyprus property market – Excellent value for money

north cyprus property

North Cyprus property market – Excellent value for money

North Cyprus is a lovely, safe, and friendly island with a good temperature and 340 sunny days every year. Beautiful golden sandy beaches, unspoiled nature, a rich culture, and delicious cuisines can all be found here. Apart from that, North Cyprus is a peaceful and safe country with a low crime rate. This is where you’ll find the kindest people on the planet. You will always be made to feel welcome and will be able to easily associate with both the locals and the numerous international populations that reside on the island, such as the Swedes or other countries.

north cyprus property
north cyprus property market

Range of properties in North Cyprus

North Cyprus’s property market is currently witnessing steady growth, and new residences are being constructed for purchase and rentals at affordable rates. The majority of holiday properties are located along the shore, as well as in the most popular regions of iskele and Famagusta. You are actually in the center of nature, between the sea and the mountain, with golf and the majority of restaurants around.

The same is true in Famagusta, where neighborhoods like Bafra and iskele have a more international mix of house buyers. The miles of golden sandy beaches are the most famous feature of this area. There is also a large section of modern apartments and villas in Famagusta city and on the outskirts of the city in iskele if you wish to live more centrally in a town near to most amenities.

north cyprus property
north cyprus property market

Although the property market in North Cyprus is still relatively new, property values have increased at a rapid rate. Because properties in North Cyprus are developed with private capital rather than loans from the international financial system, property values have remained relatively steady. As a result, global financial crises and other factors have no significant impact on the property market in North Cyprus.

north cyprus property
north cyprus property market

Despite the effects of Covid-19 pandemic, one of the worst financial crises since the 1930s, property prices in North Cyprus have maintained a steady growth rate, in contrast to other Mediterranean countries, where values have decreased by 10-20% this year.

You can also get detailed information about Cyprus real estate sales by clicking here.

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