Why buy a Property in Northern Cyprus?
North Cyprus Property Sales. The best way to get the most value from your money is to buy a property in North Cyprus. Very rarely does property lose value anywhere in the world but buying wisely in North Cyprus can earn you a terrific return on your investment.
Here’s an example, The UK banks offer 0.1% interest on your capital which means if you have £300,000 in the bank you’d be lucky to receive £30/month in interest. Buy a property in North Cyprus and you’re far better off. Not only will that property appreciate in value over time but a rental income could return £700-£1000 per month with a long term let, and if and when you sell it you’ll have you’re money back and much more.
The property market values are appreciating at a strong and rapid pace in The Turkish Republic of Northern Cyprus right now. There are significant factors which are relevant to this. Keeping in mind that your £300,000 house here represents incredible value compared to the UK or Europe, for instance you’d be lucky to get a flat in London for this price and in South Cyprus you’d pay three times more to get a similar Villa with a pool and beautiful views of the sea and mountains. Many Ex-pats are choosing to live in North Cyprus permanently because the luxury of life here is unmatched anywhere else and Sterling GBP converts favourably to the Turkish Lira. It’s peaceful, charming and cheap! Your £ pound GBP goes a long way. Beer is less than a £1, Cod and chips under £9 and a three corse meal for two for £20.