New educational opportunities
Many young families are choosing Cyprus as their primary place of residence, especially with the emergence of new English-language school programs and courses at numerous universities.
New quality
The quality of construction and new developments has significantly improved over the past 10 years. Both elite and budget properties are available for sale, providing a variety of price ranges and attracting a wide range of investors.
New infrastructure facilities
Over the past 20 years, many new facilities have been built, including an 18-hole golf course and spa center Korineum, Karpaz Gate marina, the latest Ercan International Airport, and many new roads improving driving conditions and facilitating access to other cities and tourist destinations.
Simplified permanent residency
Obtaining permanent residency in North Cyprus is easier than in many other European zone countries. This applies to British buyers who may find obtaining residency in the EU area difficult after Brexit, as well as buyers from other countries who are unable or unwilling to obtain residency in the Schengen area.
Stable currency for investments
Despite fluctuations in the Turkish lira, investors avoid currency risks due to pricing all North Cyprus property transactions in pounds sterling. This is a historical anomaly related to Cyprus's former British colony status.
Capital growth
There has been significant capital growth in North Cyprus property sales over the past few years. Experts predict that this trend will continue, especially for the established secondary market (used/previously owned apartments and villas) which are always in demand and also provide very good rental yields for holiday lets.
Transport connections
Access to North Cyprus via Ercan Airport (via Turkey) or via Larnaca and Paphos Airports makes Cyprus an ideal place for those needing easy access to both the EU/UK and the Middle East and beyond.
Collectively, these factors contribute to the development of the property market in North Cyprus and will benefit buyers in the long term.
