Member Of Cyprus Turkish Building Contractors Association Certified Estate Agents Reg. No : 010

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22 November Saturday

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Investment


North Cyprus InvestmentWe can offer investment advice for the small investor who wishes to buy 1 apartment to a few donums of land or the professional investor who wants to get involved in major developments. Nokta Construction is able to offer many North Cyprus investment opportunities including commercial, restoration or renovation.

With its typical eastern Mediterranean climate with long hot summers and short mild winters, makes Cyprus one of the healthiest places in the world which to live. The island enjoys approximately 330 days of sunshine annually and the lowest sea temperature is rarely below 60 degrees F. North Cyprus is one of the Mediterranean’s forgotten corners. Over the past 15 years whilst other areas have seen considerable tourist development. The northern coast of Cyprus has remained virtually untouched by the package tour. The area has enormous charm, a dramatic coastline, mountain scenery with castle ruins and a fascinating history.

Our clients are enjoying great capital appreciation of their properties especially when bought off plan, they have secured their properties at a fixed price and moved in after completion - 12 months later, at which point their market values have significantly increased. This has given immediate return on their investments.

For investment properties our experience and advice has been proven to us by our customers finding that they have benefited from returns that they would not have found anywhere else in the world and many have reinvested into new projects designed and constructed by us. The past 5 years has seen an increase of foreign students of 700% in North Cyprus therefore leading to a huge shortfall of student accommodation. Investment in this sector in our experience has a guaranteed return and is just one of the many opportunities available here.

Aspects of the British culture and heritage are subtle but visible every where, many people in Northern Cyprus speak good English, drive on the left and English pound sterling is welcomed as an alternative payment to the New Turkish Lira (YTL). Generally speaking, all major foreign currencies are acceptable at trading/tourist outlets.

North Cyprus has four major towns; the capital is Nicosia, which is the main administration area. Other towns include Famagusta, the countries principal port, Kyrenia, a town of tourist importance, archaeological interest and the business centre and Guzelyurt, which is the centre of the citrus plantations.

In terms of its geographical location, its climatic characteristics resulting from this location and its natural surroundings, North Cyprus is a real tourist paradise. With the duo of sea and sun which everyone visualizes when referring to the Mediterranean life in perfect harmony on this charming island. Situated 70 km south of Turkey and 385 km north of Egypt, Cyprus is the third largest island in the Mediterranean, after Sicily and Sardinia with an area of 3,355 km2. North Cyprus is fast becoming the number one choice for people thinking of investment in property abroad.

There has been an average of 23% increase of tourists annually since 1986 to 2003, when the borders were opened between North and South Cyprus, since then there has been a 70% increase and the demands for homes has escalated beyond all expectations in the last 4 years, especially amongst the British, who are purchasing homes for retirement, holiday and investment purposes. House and land prices remain well below those of many Mediterranean countries, whilst still rising each year to give the buyer a clear profit. North Cyprus has also seen a lot of investment in the past few years, mainly from the UK, Israel and Russia. All realizing the opportunity in the rising amount of visitors to the island each year and potential returns.

Overall, this region is a refreshing haven of stunning scenery and provides an ideal place for foreign investment in North Cyprus property.