WHY NORTH CYPRUS?

Why North Cyprus?

North Cyprus occupies approximately one third of the island of Cyprus. Investors have shown great interest in the investment opportunities within North Cyprus throughout the last 10 years, and the island has proven to be one of the world’s healthiest countries to live in during the pandemic.

Education and Tourism investments are no doubt the reason behind the rise of property investments made in North Cyprus. The first things that come to mind when North Cyprus is mentioned are:- the amazing beaches, traditional Cypriot cuisine, an impressive history, hotels located on the coast and casinos...

Life on the Island
Life in North Cyprus is very peaceful and you can feel the sea air from almost everywhere on the island.

The Local Currency is the Turkish Lira
North Cyprus was once under British Rule, therefore British culture still resides among the locals and also property prices are set in GBP Sterling. Even though the currency used in North Cyprus is the Turkish Lira, British Sterling is still used in the property sector. Daily living expenses can be covered at relatively low prices due to the local currency of Turkish Lira being comparatively weak at present for European investors.

Constant Increases in Value
Property prices in North Cyprus have increased 10-12% in the past few years.

Turkish Investors are Doubling Their Investments
Over the last few years the British Pound has gained in value against the Turkish Lira and property buyers have seen their investments double in value.

Return on Investment
The most important reason to make an investment in North Cyprus is the short period of time to receive a return on your investment. In North Cyprus this period varies between 10 to 16 years.

High quality and healthy education centre
There are approximately 100,000 local and foreign students in North Cyprus. These students begin with middle school and high school and continue with undergraduate, masters and doctorate degrees at our universities. With the pandemic, students are now also choosing to study at universities in North Cyprus.

North Cypriot Culture
Cypriots are known for their hospitality. They greet people from around the world with welcoming smiles.

Buying Property
Foreign citizens who buy property in the TRNC can apply for residency permits; these permits are renewed annually and provide the opportunity to stay in the TRNC, open bank accounts and use all public services. As mentioned before, we advise everyone to get professional support from the Century 21 Island Team during the sales process and help with the taxation procedures of buying property.