What regions are best for all-year rental property investment in North Cyprus?
There are just a few properties where you can earn a good 18 week holiday rental income and when the apartments are vacant in the winter season, you can still get short-term rental income in the winter especially from local students or employees.
To be able to generate a worthy income, investments in all-year rental properties need to located in or near a city or university, since those who rent all-year would prefer homes that are located at a close distance to their schools or places of work. This provides you the best of all worlds and can generate a return of over 10% every year.
For example, Kyrenia (Girne), which is close to many universities, notably the Girne American University, offers a great opportunity for all-year rental income earning. On the east coast, İskele which is a new construction site with shuttle buses to Famagusta city and the Eastern Mediterranean University and other city universities, is another lucrative location to consider for an all-year property investment.
Property investment in North Cyprus – Studio Apartments
The average monthly rental income in Famagusta and İskele is lower than in Kyrenia (Girne), but property prices are also cheaper. More studios are available in the area. Students are more likely to be interested in renting properties around areas that offer shuttle services to EMU. Due to the closeness of these cities to the sea, holiday rental income might be higher than all-year rental income for the same priced home. Property investment in North Cyprus It’s a great option.
You can also see the options for summer rental by clicking here.