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Cyprus Investment Tips - Investing in North Cyprus Property

Sep 10, 2008
A really popular place to live at the moment in Europe is Northern Cyprus and most might say that is down to the weather there. Cyprus has an incredible 300 days of blue skies and sunshine throughout a normal year. Cyprus is the third largest island in the Mediterranean and Northern Cyprus has also become a popular place to buy villas, as prices are very reasonable and you have an excellent chance of renting it out nearly all year round due to the perfect all year round climate.

North Cyprus offers a unique package of lower year round prices, one of the oldest cultures in Europe, friendly locals, excellent security with low crime rate and don't forget those constant blue skies. All in all you really cannot go wrong with property investment here and you are about to discover more reasons why.

Northern Cyprus is ideal for both long and short term profits, so you need not look any further for your next property investment. I have been to Spain recently and was shocked at the amount of developments just standing still, whereas in Cyprus you will see new cranes being set up every week. For you "quick profit and I'm out of here" investors, I would recommend just buying off-plan and selling on completion and this would result in net profits of up to 25%.

A few years ago I only had a UK mortgage and decided to invest in a holiday home in Cyprus. I no longer have a UK mortgage thanks to that investment and by being able to rent it out for an average of 14 weeks per year. Apart from the appreciation value added to my investment, I have also covered the monthly mortgage payments with the monthly rental income. The truth is that I have manged to buy 2 more villas over the last couple of years, which is what helped me to clear my UK mortgage.

As the new build market takes off and continues to grow, the resale market takes a bit of a bashing, so you need to be ready to pick up a few bargains as a good long term investment option. An average 3 bed, 2 bath villa with pool and sea views can be picked up for as little as 120.000 pounds sterling. Always offer about 15% under the asking price and you will be surprised at just how many people will go for it.
About the Author
Read these Cyprus Property Tips produced by the illustrious Tim Martins and check out his Cyprus Holiday Blog
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