North Cyprus is an island full of historical culture and beholds a unique beauty and has become very popular with holidaymakers from all over Europe. With sunny days exceeding 300 per year and offering loads of sandy beaches right along its coastline, it isn't hard to see just why so many tourists have fallen in love with North Cyprus.
Prominent holiday home investment markets such as North Cyprus produce high return benefits of approximately 4-5% per year for the coming ten years. This sort of revenue returns are set to stay for the foreseeable future, meaning North Cyprus will retain a stable economy and growth will continue in positive territory.
Although Cyprus has been popular with holiday home investors for quite a few years now, the rise in developments on the island has also increased, keeping up with the high demand. There a whole range of deciding factors that have made all of this possible including favourable tax conditions, a high standard of living and a very healthy tourist industry. Today's property investors are not just seeing Cyprus as favourable choice, but also as one of Europe's top property investment region
Apart from an increase in North Cyprus as a leading tourist resort, there are also other factors that in recent times have lead to more favourable holiday home investment opportunities. Without a doubt the membership of Cyprus into the European Union has resulted in an increase in trade with it's European partners, a thriving economy, a higher standing of living, lower taxation and a better legal system have all played their part in promoting holiday home investments within North Cyprus.
As well as the monetary reasons for investing, the potential reunification of the island will offer considerable investment opportunities, especially in the Turkish controlled north where property is still considerably cheaper than in the Greek controlled south. Talks are at present on-going regarding potential re-unification, and whilst they are still at an early stage, it has resulted in a keener focus on political events in Cyprus.
High quality projects being developed throughout the north of the island are already on the rise with destinations such as Catalkoy and Bogaz, which have already become an immediate success. Once re-unification is confirmed, such development processes are likely to grow fast as everyone knows that prices in the north will rise to those prices found on the south of Cyprus
As things begin to get complicated due to the global financial crisis, investors have tough decisions to make regarding objectives and returns, but Cyprus is without a doubt a property investors paradise. Mark Burns, who works for Offplanworld.tv, a real estate company based in the UK that specializes in off-plan investment property throughout the world's emerging markets, offers a whole range of off-plan property on the island of Cyprus.
Prominent holiday home investment markets such as North Cyprus produce high return benefits of approximately 4-5% per year for the coming ten years. This sort of revenue returns are set to stay for the foreseeable future, meaning North Cyprus will retain a stable economy and growth will continue in positive territory.
Although Cyprus has been popular with holiday home investors for quite a few years now, the rise in developments on the island has also increased, keeping up with the high demand. There a whole range of deciding factors that have made all of this possible including favourable tax conditions, a high standard of living and a very healthy tourist industry. Today's property investors are not just seeing Cyprus as favourable choice, but also as one of Europe's top property investment region
Apart from an increase in North Cyprus as a leading tourist resort, there are also other factors that in recent times have lead to more favourable holiday home investment opportunities. Without a doubt the membership of Cyprus into the European Union has resulted in an increase in trade with it's European partners, a thriving economy, a higher standing of living, lower taxation and a better legal system have all played their part in promoting holiday home investments within North Cyprus.
As well as the monetary reasons for investing, the potential reunification of the island will offer considerable investment opportunities, especially in the Turkish controlled north where property is still considerably cheaper than in the Greek controlled south. Talks are at present on-going regarding potential re-unification, and whilst they are still at an early stage, it has resulted in a keener focus on political events in Cyprus.
High quality projects being developed throughout the north of the island are already on the rise with destinations such as Catalkoy and Bogaz, which have already become an immediate success. Once re-unification is confirmed, such development processes are likely to grow fast as everyone knows that prices in the north will rise to those prices found on the south of Cyprus
As things begin to get complicated due to the global financial crisis, investors have tough decisions to make regarding objectives and returns, but Cyprus is without a doubt a property investors paradise. Mark Burns, who works for Offplanworld.tv, a real estate company based in the UK that specializes in off-plan investment property throughout the world's emerging markets, offers a whole range of off-plan property on the island of Cyprus.
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Read these Cyprus Villa Tips written by the illustrious Tim Martins and check out his Cyprus Travel Blog
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