Property investment in Cyprus is growing with sales increasing by over 37 percent in the fist nine months of 2022. If you take a closer look at the beauty and benefits of Northern Cyprus, you won’t be surprised why many people are choosing property investment here. Let’s take a look at the most significant benefits of Northern Cyprus property investment.
One of the leading factors towards the interest in Northern Cyprus property investment is what you are able to get for your money. You will see a great return on your investment with the low prices in Northern Cyprus, which are much cheaper than the majority of Mediterranean communities including those in Southern Cyprus.
This means you will be able to get exactly what you want whether that be a luxury villa or seaside apartment without breaking the bank. With property investment in Cyprus increasing in popularity, you will also likely see your investment appreciate in value over time. For savvy investors, property investment in Northern Cyprus is a great opportunity to live the lifestyle you want while accumulating value.
Diverse Nature & Amazing Climate
Another major reason why people are choosing property investment in Northern Cyprus is the wonderful opportunities for engaging with nature. Of course, Cyprus is well known for its beaches, which are great ways to pass summer days. However, it also has a variety of landscapes including the Troodos Mountains.
Add to this the wonderful Mediterranean climate and you’ll be pleased with your decision for property investment in Cyprus. Summers are hot and dry, guaranteeing beautiful days. Meanwhile, winters are pleasantly warm as well. You won’t have to worry about suffering in the cold when you purchase property in Cyprus.
Low Tax Rates
For many people, an important issue to consider when thinking about property investment is how much tax you’ll have to pay. After all, many popular places have relatively high tax rates, which can become a burden to investors. Fortunately, this is not the case when buying property in Northern Cyprus.
Cyprus actually offers one of the lowest property tax rates in all of Europe. Additionally, it also has a relatively low income tax. Add this up and property investment in Northern Cyprus is a great decision for many financial reasons.
One of the things people love the most about property investment in Northern Cyprus is how warm and welcoming the locals are. Cypriots are quite welcoming of people who move into the nation and are pleased to share their culture, cooking, and customs with others.
This means it will be relatively easy to integrate yourself into society and begin to establish a social network. Additionally, Cyprus’ many public holidays and festivals make it easy to get out and meet others. It is truly an enjoyable place to live.
A Top Choice for Retirement
When it comes to retirement, people typically want to move somewhere with both a good climate and a lively atmosphere. This is certainly the case for those seeking property investment in Northern Cyprus. In fact, the area is quite popular when it comes time to retire. This is very much the case with people who are outdoor enthusiasts, as Cyprus has many opportunities to enjoy being outside.
While property investment in Cyprus is great for all ages of people, retirees will find the island to be particularly hospitable for their needs. It is a wonderful community to join where you can encounter diverse culture, fun activities, and relaxing leisure.
Easy to Communicate
When looking at property investment abroad, some people may worry that they will not be able to communicate well. Fortunately, Northern Cyprus is a great place for those who only speak a few languages. While the typical language spoken is Turkish, the vast majority of residents also speak English.
This makes it easy to communicate, do business, and engage in a social life. You can also begin to learn a new language if you would like to speak Turkish yourself. The convenience of having so many English-speakers on the island makes it a popular landing spot for many and can help ease the transition to your new home.
When you opt for property investment in Northern Cyprus and begin to explore your new home, you will find so many spots of absolute beauty. In fact, much of the island looks like a postcard. These picture perfect vistas will make you feel as if you’ve made the best decision every day you take them in.
Cyprus is one of the most beautiful places in all of Europe. Property investment on the island means you will have no shortage of beautiful sunsets and sunrises to take in. If you want a beautiful place for property investment, Cyprus should be at the top of your list.
Ready for Property Investment in Cyprus?
If you are ready to find the perfect Northern Cyprus property for you, be sure to check out our many options. Regardless of your preference, there is truly something for everyone here.