properties for sale in Northern Cyprus - Sweetwater Bay
Why invest in North Cyprus Property?
Real estate in North Cyprus has been beginning to boom since 2004 when the citizens of North Cyprus voted yes to the proposed United Nations "Annan" Plan and yes to the peaceful reunification of Cyprus and were immediately rewarded with EU aid and an increase in foreign direct investment.
Since 2004 property investment into Northern Cyprus has been freer flowing and consistent, and the amount of money spent by the government on infrastructure and amenity improvement and development has been impressive. All indicators point to a long term upward trend in real estate prices in North Cyprus.
A very high demand for north cyprus properties to rent. Many UK based tour operators have begun to showcase North Cyprus brochures and the city of London is advertising North Cyprus on buses and in underground stations. As a result, the profile of this stunning Mediterranean destination is becoming more widely known.
Northern Cyprus has five major universities which are receiving investment from the United States of America and the Middle East. All of which have expanded their student numbers in 2005 & 2006. Students require accommodation and the amount of campus based student accommodation is restricted - this presents both the residential and commercial real estate investor with opportunity and potential.
Real estate investors have such choice and opportunity for growth and strong yield in North Cyprus it is no wonder that the Turkish Republic of Northern Cyprus is receiving such intense worldwide media interest and that the numbers of those traveling to the country to explore investment opportunities is at an all time high.
Tax considerations: No capital gains taxes on individuals, easy re-selling of property, etc. For more on this issue please see our Northern cyprus Property taxes page.
