Панель управления
Language: ru en
Currency:
Call Me Back
Property in North Cyprus
Choose your dream house
Sale Rent
Sale Rent

Wonderful opportunities of Northern Cyprus - as reported by Forbes


Wonderful opportunities of Northern Cyprus - as reported by Forbes

Forbes magazine, a very prestigious business magazine of America, in its news advisory entitled “5 affordable places to buy property abroad in 2024”; noted that Northern Cyprus was again at the top of the list.

"Look Beyond the Borders of the USA"

Instead of waiting for the frozen market to thaw, the author advises those to purchase real estate in other countries for permanent living or for investment purposes. “You should look beyond the United States for where the best opportunities lie,” says a Forbes article. Many foreign countries encourage foreign investment by offering residency and other benefits in exchange for investments above specified thresholds.

“These are places that offer incredible value at affordable prices, especially compared to the United States, where the average list price per square foot reaches $221.”
“Northern Cyprus is an island state in the Eastern Mediterranean. It is known for its long sandy beaches, abundant sunshine, excellent cuisine and friendly locals. Historical tensions between the north and south of Cyprus have meant that until recently tourism and development were concentrated in the south. Today relations are comfortable and business continues as usual on both sides of the border.

This situation creates an opportunity for property investors and those looking to buy a home abroad as prices in Northern Cyprus are affordable and approaching the tourism boom. As the world wakes up to this appeal, new hotels, casinos, golf courses and luxury marinas are opening.

For now, property in Northern Cyprus remains incredibly affordable. The best offers are unfinished projects, where you can buy a property even cheaper than the average per square foot offered by Alliance-Estate specialists.

In addition, real estate transactions in Northern Cyprus are carried out in British pounds. “With sterling forecast to lose value against the dollar, trading for US dollar holders could intensify in 2024.”

3235
05.12.2023

Share on social networks:

Other news


18.05.2024

The World Bank expects the TRNC's economy to grow by 2.7 percent this year.

The World Bank expects the TRNC's economy to grow by 2.7 percent this year.
09.05.2024

New law regulating the sale of real estate to foreigners in 2024 in Northern Cyprus

It has just become known about changes in the legislation of the Turkish Republic of Northern Cyprus due to the constant increase in demand for real estate for holidays and permanent residence among buyers from abroad. There has been a lot of talk about the number of houses and lands being sold to people from other countries such as Israel, Russia, Ukraine and Iran, Kibris Türk Haber reported. This has led to proposals for new rules for the sale of real estate to foreigners. The goal is to reduce property prices and curb money laundering.
05.05.2024

Debate over the country's population

According to this scientific calculation, we can predict the population of Kyrenia to be 155,000. "If we take the entire TRNC, take the average daily waste volume of 850 tons and divide it by 1.03 kilograms, we can easily predict that the number of people living in the TRNC will be approximately 825,000."