Northern Cyprus New Legislative Proposal and Residential Investments

Northern Cyprus now offers a new opportunity for citizens of the Republic of Turkey. With the recently approved legislative proposal, individuals can now own three residential properties instead of one. This significant development makes Northern Cyprus even more attractive for real estate investors.

1. Sterling-Based Rental Yields

Property owners in Northern Cyprus typically receive rental yields in foreign currencies, often in British Pounds. Rental agreements conducted in strong currencies provide a stable and robust income stream.

2. Shorter Amortization Period

Compared to Turkey, property investments in Northern Cyprus have shorter amortization periods. This allows investors to recoup their costs more quickly and accelerates the return on investment.

3. Diverse Housing Options

The island offers a wide range of residential options to suit every budget. From luxury villas to modern apartments in city centers, there are alternatives to meet the needs of every type of investor.

4. Rapidly Appreciating Properties

Northern Cyprus stands out as a market where residential properties appreciate rapidly. Economic growth and a developing tourism sector are key factors supporting this increase in value.

It is anticipated that residential investments in Northern Cyprus will gain significant momentum in the near future. To take advantage of these benefits and receive professional consultancy services, feel free to contact us. For anyone considering property investment in Northern Cyprus, we are here to guide you through making informed decisions.