Investing in real estate in Cyprus is considered an excellent option for those looking to own a summer home or retire, as the island boasts unique natural beauty and a mild Mediterranean climate. Coastal areas such as Kyrenia (Girne) and Famagusta stand out as attractive locations for investors, offering a relaxed lifestyle and stunning scenery. With ongoing infrastructure developments in these areas, including the construction of new roads and the expansion of public services and facilities, the attractiveness of investing in North Cyprus is increasing. Although properties there represent good options and prices are competitive, investors should exercise caution due to the changing political and legal situations. Therefore, smart planning and seeking expert advice are essential to ensure a successful and safe investment experience.
Mbany Real Estate is considered one of the leading companies in the real estate market, distinguished by its deep understanding of investors' needs and trends. Over the years, the company has contributed to providing reliable and effective investment advice, making it the first choice for many clients looking for optimal real estate opportunities in various markets, including North Cyprus.
Is North Cyprus a Good Place for Real Estate Investment?
If you are wondering about the feasibility of real estate investment in North Cyprus, the answer is definitely yes. In recent years, North Cyprus has witnessed increasing interest from investors, thanks to its strategic location, Mediterranean climate, and reasonable property prices compared to other European markets.
North Cyprus is famous for its stunning beaches and charming nature, making it a preferred destination for investors looking for summer homes or rental properties. The properties here are characterized by competitive prices, which increases the chances of achieving good returns from real estate investments.
Projects and Infrastructure in North Cyprus
The infrastructure in North Cyprus is developing significantly. Large projects are being implemented to improve transportation and public facilities, which contribute to increasing the attractiveness of this region for investors. The opening of new roads and major tourism projects also enhances access to beaches and tourist areas, increasing the flow of tourists, which is positively reflected in the rental market.
Tax Benefits of Investing in North Cyprus
North Cyprus offers tax advantages that are considered one of the most important factors attracting international investors. While there is no inheritance tax, property taxes remain relatively low compared to other European countries. This is a significant advantage for individuals seeking long-term returns on their investments.
What are the Best Cities for Real Estate Investment in North Cyprus?
When choosing the most suitable city to invest in, investors should consider several factors. The city of Famagusta, which houses Eastern Mediterranean University, is one of the ideal options, as the increasing number of students encourages sustainable rentals.
Kyrenia (Girne), known for its beautiful harbor and vibrant nightlife, also offers a good opportunity to generate high rental income. On the other hand, the capital Nicosia offers a variety of real estate options, while the Iskele area features affordable prices for those who prefer quiet areas.
North Cyprus Investment Program
North Cyprus allows foreigners to obtain a residence permit by purchasing real estate, making it a popular choice for those seeking stability in the region. Obtaining this permit requires submitting the necessary documents proving ownership of the property and the financial ability to live in the country.
Investors should note that renewing the permit will be a continuous necessity unless the laws of the region are complied with.
Conclusion
Real estate investment in North Cyprus represents a promising opportunity for serious investors, and with the increasing real estate interest in this region, Mbany Real Estate stands out as a reliable choice for anyone seeking to achieve success in the real estate market. With its professional guidance and accurate advice, Mbany Real Estate can help you explore the best opportunities and achieve your investment goals successfully. Therefore, if you are looking for a reliable partner in the world of investment, do not hesitate to contact us and take advantage of our expertise in this field.
24-02-2025 
