Riv Estates

Cyprus, nicknamed ‘The Jewel of the Mediterranean’ is little known part of the Cyprus Island, this is undergoing major changes in the holiday property market. With the number of visitors to North Cyprus increasing by approximately thirty percent each year, the economic growth is also increasing at pace. There is also a huge push in advertising the Cyprus island, promoting both tourism and North Cyprus property construction.

The property market is relatively new to North Cyprus, still with very low prices, people are drawn by what their money can get. Three bedroom detached North Cyprus villas with private pools under £100,000 stg are many and people are just snapping them up for their North Cyprus holiday homes. The speculative and North Cyprus Investment purchasers are observing large returns within very short time periods, with the capital growth per annum on average at 25%. The rental returns on the initial property investment at more than 10% and large discounts available for multiple property purchases, now is the right time for purchasing the properties in Northern Cyprus.

Many investors are taking benefit of the attractive prices that you get when purchasing multiple properties in North Cyprus off plan and then selling these on their completion. The market is new, so there are not many finished new built properties in Northern Cyprus available for resale. Although there is a monolithic demand for the properties as a large proportion of people wanting to buy a holiday home or retirement home on the North Cyprus don’t want to wait a year to 18 months to have something built for them.

Get the right opportunity to take advantage from the massive property investment prospective Northern Cyprus has to offer. If you want to gain the maximum growth, Northern Cyprus is now the place in the Mediterranean for investing the money.

Posted in

• Cyprus
• Cyprus Real Estate
• Mediterranean

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