There are many areas for real estate investment in Northern Cyprus. Foreigners most often buy houses on the coast close to the beaches or in major cities of the country.
At the same time, any investor first analyzes the market, studies the regions, compares prices, and quality of future accommodation, as well as the development of infrastructure, and convenient transport junctions before buying. The selected optimal property solution should also fit into the purchase budget.
Of course, it depends on one’s preferences, but, generally, there are basic criteria for choosing a property, due to the purpose of the purchase.
For example, if you like the urban lifestyle, then it makes sense to buy an apartment in Famagusta or Kyrenia. If your goal is to live away from the hustle and bustle of the city, then you should choose real estate in the regions of Iskele, Esentepe, Bafra, and similar villages. Iskele and Esentepe regions are most suitable for short-term rentals to tourists, while cities with universities or their immediate environs are suitable for long-term rentals.
Five or six years ago, most real estate transactions took place in Famagusta or Kyrenia. Times have changed and today many investors prefer to buy properties on the coast in such regions as Iskele or Esentepe.
Iskele is one of the most popular regions for buyers from Eastern Europe and the CIS countries. The town is located in the northeast of the country. It has a long sandy coastline and magnificent beaches with a gentle entry into the sea.
From Iskele it is very close to Famagusta that is a large tourist city with an extended infrastructure for living and entertaining.
In the Iskele region, residential complexes are being built very actively using the latest technologies. Residential complexes of a closed type with many amenities on the territory are especially popular. Most of them are located near the beaches. In such complexes, you can buy accommodation of any category: from a studio apartment to a villa. There is everything for a comfortable living for both adults and children here: swimming pools, sports grounds, bars, restaurants, SPA, barbecue area, parking lots, and much more. Ready-to-move-in apartments are transferred to the owner with a full fit-out, installed doors, windows, sanitary ware, underfloor heating, built-in furniture. Utility connections, electricity- and water supply, along with internet, satellite TV ones, are also provided. At the same time, the cost of real estate in Iskele is very loyal.
In the village of Iskele, the infrastructure is quite developed: shops, banks, clinics, kindergartens, schools. The region is known for the famous Long Beach with a promenade, best fish restaurants, a luna park, architectural landmarks, archaeological sites of the ancient city of Salamis, 5-star hotels, a casino.
It is especially convenient that when buying a property you do not need to pay the entire amount immediately. Upon the conclusion of the contract, the first installment is paid, and for the remaining amount, developers offer an installment plan, sometimes up to 5 years or more, or provide a loan at a low-interest rate.
Real estate in Iskele attracts foreign investors due to its high quality, affordable prices, convenient payment plans, and guaranteed profit from the investment.
