North Cyprus Property -FORBES

5 Best Beachfront Buys For 2021

Kathleen Peddicord Contributor

Retirement

I’ve covered living and investing overseas for more than 30 years.

The world’s best buys on beachfront property in 2021 are to be found in Northern Cyprus, Colombia, Brazil, Mexico, and Belize.

These are the findings of Live and Invest Overseas’ 2021 Global Property Survey, an annual index that details what it costs to own property in the world’s top locations for living or retiring overseas.

The survey considers the cost of buying two-bedroom, two-bath apartments, of between 70 and 100 square meters (about 800 to 1,100 square feet), in neighborhoods where an expat retiree would be comfortable and likely to buy.

If you dream of retiring to the beach, here are your five most affordable options in 2021. As well, each of the markets presents good rental investment opportunity, making them top choices for places to buy for part-time personal use and generating cash flow in the local currency when you’re elsewhere.

The world’s best buys on beachfront property in 2021 are to be found in Northern Cyprus, Colombia, Brazil, Mexico, and Belize.

These are the findings of Live and Invest Overseas’ 2021 Global Property Survey, an annual index that details what it costs to own property in the world’s top locations for living or retiring overseas.

The survey considers the cost of buying two-bedroom, two-bath apartments, of between 70 and 100 square meters (about 800 to 1,100 square feet), in neighborhoods where an expat retiree would be comfortable and likely to buy.

If you dream of retiring to the beach, here are your five most affordable options in 2021. As well, each of the markets presents good rental investment opportunity, making them top choices for places to buy for part-time personal use and generating cash flow in the local currency when you are elsewhere.

#1:Northern Cyprus

Northern Cyprus, located in the Mediterranean Sea between Europe and Turkey, is not at the top of most Americans’ list, but this former British colony has a lot to offer. This is the best of the Mediterranean at a fraction the cost of living the Med life elsewhere. Northern Cyprus is also a safe, welcoming country with developed tourism infrastructure, including clubs, casinos, and luxury hotels, all more affordable than their counterparts in France or Italy.

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NEW PATH TO CITIZENSHIP IN NORTHERN CYPRUS

 

BOOSTS PROPERTY SALES IN NORTHERN CYPRUS

“RADICAL” new changes to the way citizenship is granted could be on the way.

The TRNC’s new Deputy Prime Minister Erhan Arıklı spoke after taking up his new post on Thursday to Cyprus Today.

Dr Arıklı, who is also chairman of the Rebirth Party (YDP), said one of his top priorities will be to make changes to the citizenship law to enable foreign residents to become citizens through an “automated” system.

“This is an ongoing problem of the country,” he said. “We recognise that there are foreign residents – irrespective of their country of origin – who own property in Northern Cyprus and pay their taxes and love the Turkish Republic of Northern Cyprus, who are having to renew their residencies yearly.

“Our objective will be to pass new legislation that will take away the ‘discretion’ factor – that is, taking the matter away from the hands of politicians as to whether or not to grant citizenship to people, and placing it in the hands of legal certainty. It will restore trust and confidence in the country.”

Dr Arıklı added that there are “3,000 people who are eligible to become TRNC citizens through marriage who haven’t been granted citizenship, and 8,000 people in total who, despite having the right, have still not been granted citizenship”.

Asked if he was planning to meet expat groups to discuss the matter, Dr Arıklı said: “This will be a matter for the new Interior Minister [Kutlu Evren], however this is one of the key positions of the YDP.”

Human Rights lawyer and former foreign minister Emine Çolak said she would back a law to bring in an “automated system” for citizenship that is “just, reasonable and which conformed to universal human rights laws”.

“There will be a need for a country-wide debate on the sort of criteria that will be needed. I think a five-year period of residing in the country [to become eligible for citizenship] is reasonable.

“However it needs to be worked out in a manner that also protects the demographics of the country, which is indeed possible under human rights laws. There must not be discrimination based on nationality, age or gender.”

The Foreign Residents chairman Horst Gutowski, 71, and wife Monika, 74, who live in Lapta, moved to North Cyprus 16 years ago.

Mr Gutowski said that while he appreciated the idea of an “automated citizenship” system “it would be much better for the new government to look into how improvements can be made to long-term residency permits and abolish this yearly [renewal] requirement.

“It would be much better for all of us aged over 60 not to have to undergo annual permit procedures and running around,” he said.

“They should [instead] make long-term residency permit renewal “However, for people who own property in Northern Cyprus and who have lived here for a long period of time, affording them the right to citizen ship is a positive development.” British Residents Society (BRS) chairman Peter Wilkins said it would be a “very radical move” for the TRNC to place the issue of citizenship “into a legally certain process based on set criteria”.
“It would show that the TRNC recognises the value of expats and foreign residents both economically and in other areas,” he said. “The matter of citizenship had actually been raised at the last BRS annual general meeting in July in the presence of Prime Ministry legal and political affairs director Serap Destegül Rediff, where then Prime Minister Ersin Tatar said he would back such a move to enable foreign residents to become citizens.

“This is fair and equitable and does relate to human rights. It also takes away the ‘discretionary factor’ from politicians and provides confidence and certainty.

“It is a positive development and we look forward to cooperating with the new government and put forward our views related to these and other issues.”

As Nokta Estates and Construction Company Ltd. :We believe ,it will increase the property sales in Northern Cyprus and also will boosts the confidence of investors. 

 

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