North Cyprus Property News

North Cyprus Property News

Northern Cyprus has a lot to offer any potential investor and is a  great holiday and investment destination. North Cyprus property news is already very popular with British holidaymakers and almost everyone speaks English. It has an English Legal system all contracts will be English written. All house prices are in Pounds sterling and you drive on the left-hand side.

All the electrics are the same as the UK with 3 pin plugs and sockets so no need for adaptors, the summers are long and the winters are short. what more can you ask for in a destination?

Strong political indications that direct flights will soon be allowed to the newly built Ercan International Airport.
The possibility of a political settlement with South Cyprus. As Turkey needs to resolve the situation in north Cyprus to be able to enter the EU.  America and the UN are bringing pressure to the Greek side to accept an Annan Plan.  This is based on a solution for future alignment of the island.

Property Market

The property market in the Northern part of Cyprus has really begun to take off. land prices have steadily risen over the past few years. With investors from all over the world buying property. Whether for holiday homes or just investment.

As for the rental market! This has also taken a turn for the good with good rental properties in huge demand and never short of renters.

North Cove Estates have many years of experience and our experienced staff are on hand to help guide you to the right investment. With current rental yields currently at least 7% and a very welcome income for the shroud investor.

Mortgages are now available which in itself is sending what was a cash buyers market into orbit. Now is the time to invest in North Cyprus property.