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new build apartment North Cyprus

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North Cyprus

INVESTING IN NORTH CYPRUS The rising Investment Property prices in North Cyprus have risen dramatically recently. Every year, the price per square meter increases by 10%. (In the most important investment zones of North Cyprus, property values are increasing at a rate of up to 10% annually.) The prices have been remarkably stable elsewhere. The prices, however, in the other Eurozone regions are decreasing. Increasing the price Property in Northern Cyprus has been created using private money, rather than loans from the international financial system which is the reason prices have remained steady. Thus, the market for housing located in North Cyprus was sheltered from the global banking crisis). The most effective resale strategy is to purchase an item when it is still under development and the company sells it new build apartment North Cyprus at the lowest cost. It is then sold at what is the current market value for completed projects when construction is completed (usually one to two years after launch of the building). From the time the project is off the ground to realization, the value of the property will increase by up to 30 percent in capital. Tax tax on real property in the Northern region on the Island of Cyprus is extremely low. Here, we've discussed taxes and other fees that foreign owners are required to make for real estate. Higher Rental Yields Commercial real estate in Northern Cyprus (retail, offices) makes more money than residential real estate in any other country. On the other hand it is more risky and will require the need for substantial investments. This isn't something each investor can afford.Every year, residential properties in North Cyprus grows more costly. In addition, by renting vacation homes, owners may earn 10% per year. Studios and apartments that have two or one bedroom are among the most popular.Short-term renting is now yielding the highest amount of profit. A property owner who owns such a property can earn up about 15% an year under the right conditions.