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Simple, property prices are significantly cheaper in Northern Cyprus compared to anywhere else around the Mediterranean. Where a detached 3-bedroom villa overlooking the Mediterranean on the Spanish coast might set you back 180,000 euros or more, a similar villa in Northern Cyprus is available for under 100,000 euros. Even prices in Southern Cyprus are 50%+ higher than in Northern Cyprus!

Not only is property in Northern Cyprus good value for money, it is also a sound investment.The area is currently experiencing a property boom, with growth potential over the next decade set to offer fantastic ROI. There are no restrictions on renting out property in North Cyprus either, and with the TRNC Government backing the development of tourism in North Cyprus, letting out your property to increasing numbers of sun seekers should be a breeze.

Published in Buyers Guide

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