Many people have discovered North Cyprus for themselves. It’s a beautiful country with a stable economy. Despite the fact that Northern Cyprus is an unrecognized republic, the risks when buying real estate are minimal.
Why Do People Want To Buy Real Estate In Northern Cyprus
There is enough property for sale North Cyprus and these are reasons to purchase it:
- A high security rate in North Cyprus. There is an extremely low crime rate.
- Pleasant weather. So, it’s a good place to have a rest.
- Good infrastructure. The country is home to numerous banks, international schools, stores, clinics, and other establishments.
- Developed tourism, that’s why you can rent out your house to make some money.
- The cost of real estate is constantly rising. There is a 10% yearly price rise.
- An easy way to purchase apartments.
If you want to buy real estate in the country, you should identify your budget and choose the object that is already built or under construction.
What To Buy
It’s possible to find the real estate of the economy and premium class in compliance with your financial features and demands. You can choose the following:
- Apartments. The most popular are 1+1, 2+1, 3+1, and 3+2 apartments. They are located in residential complexes and they have everything that is necessary for a comfort life.
- Villas. In this case, you have your own home with a backyard. Usually, villas are next to the sea and they have their own swimming pool. It’s a perfect variant for people with children.
- Townhouses. It’s something like a villa but the backyard is smaller and the house is in the city area. It means that all the necessary social and commercial infrastructure is next to you.
Moreover, some people are interested in commercial property in North Cyprus. It’s a good chance to launch a business. There are options with renters and free. The first variant is perfect for getting income from rent. If you are going to start your own business, it is better to buy a building without renters.
You can buy an already built property or choose an object under construction. If you are interested in real estate under construction, then you need to contact a reliable developer. Stay Property company is a trustworthy developer and it has several developing projects in North Cyprus. It uses high-quality materials and modern technologies during the construction. Specialists are ready to help you in searching for apartments and villas in compliance with your demands. Moreover, it’s possible to get interest-free installments till the end of construction in some cases.
Just contact a specialist at Stay Property to get more information.
