There are many places to invest your money on property abroad. All of them boast the same sun, sea and relaxing lifestyle that we all seek from our home in the sun. If you are a property in investor, all these exotic locations declare to offer you the best opportunities for making the most out of your money. So why, with all the different options out there... why Northern Cyprus?

Home in the sun:

Standing at the crossroads of three continents Cyprus has a vibrant history, a perfect climate and the warmest welcome in the Mediterranean. It has been a British playground for decades offering the perfect combination of relaxation, water sports, adventure activities and exciting exploration along its beautiful coastlines, for Northern Cyprus too has its share of ancient archeological sites and medieval castles. It enjoys over 300 days of annual sunshine, clear blue unpolluted seas, the beauty of an unspoiled landscape and uncrowded beaches.
Add to this the friendliness and hospitality of the people, combining the cultures of Turkey and Cyprus, wonderfully varied cuisine, and you have the perfect recipe for a truly idyllic place to live. Whether you are a lover of nature, an archaeologist, a keen walker, a water sportsman or simply a sun-worshipper this little island, nestled in the Eastern-Med, is the ideal spot for you.
Along the Northern coastline the pine and Olive clad Kyrenia Mountain range slopes gently to the warm and tranquil waters of the Mediterranean. There are many good restaurants in the area, from a la carte to local village kebab huts, and picturesque Kyrenia harbour is the place to be in the evening. Famagusta in the East is famed for its endless sandy beaches and crystal-clear waters. So it will come as no surprise then that with prices around half of that in the over-developed Southern half of the island, North Cyprus is the perfect place to realise the dream of owning your own retirement or holiday home, without the overcrowded beaches and overpriced property.

Investment:

There are so many reasons to invest in North Cyprus, from the value for money to the exciting developments, that investors willing to dig just a little will quickly come to the same conclusion – North Cyprus is the place to be!
The third largest island in the Mediterranean is divided into the Greek governed South and the Turkish governed North. Although the south of Cyprus hit the economic highs early on, all the signs are that the market there has had its day, and now investors are looking to the North for the kind of deals that can no longer be found in the south and other parts of the Med.
Despite its international isolation, Northern Cyprus has been showing slow but steady growth since 1977, with huge strides being made since 2003, and today it is considered one of the best returning markets in the Mediterranean. North Cyprus’ free market economy and its British business and legal practices make it an ideal place for foreign investors who want to place their money in an up-and-coming market with a view to short, medium and long term financial gain.
The government of North Cyprus has recognized the importance of attracting the interest of foreigners and investment hence they have begun pushing the development of its tourist sector, and it has also been investing heavily in improving the country’s infrastructure including roads, water, electric and healthcare. The government has additionally started to develop resort towns similar to those found on the south side of the island, but with much more care attention which is needed to retain the islands natural and historical beauty. Now that the United Nations has pledged to reconcile both sides of the island the European Union has pledged €259 million in aid to attract foreign direct investment.

Northern Cyprus has seen some heavy private investment over the past 5 years in all sectors including new hotels, golf courses and marinas to name just a few. And with many changes expected through the next 12 months more major developments are expected to be given the green light.
Investing in North Cyprus is one of the best ways of ensuring high growth and appreciation for your money. The island’s extremely low cost of living, its emerging property market and growing tourist towns all point to a nation that is a solid place to invest for both the short and long term. After all, with its unspoiled beauty and exceptional location investors can truly enjoy watching their money grow.

North Cove Estates are specialists in the North Cyprus Property investor market having already helped many investors to take advantage of the rich rewards on offer.