Affordable real estate in Northern Cyprus - the right purchase
The global financial crisis has not passed the housing market on the paradise island - Northern Cyprus. Just in a few years ago, real estate in Northern Cyprus could afford only the more affluent buyers, now almost everyone can become an owner of a second or a first house on the sea. These days, you can buy affordable property in Northern Cyprus both from the owner and the builder. The procedure is simple and local laws do not prohibit it.
Real estate in Northern Cyprus at an attractive price
As in any other country in the world, lodging prices in Northern Cyprus are highly influenced not only by the general economic situation, but also by a number of other factors. For example, the location and namely, the proximity to the sea - the closer the house is located to the clean local beaches, so the cost will be higher. Buying a property in Cyprus can be very cheap if it is located in less attractive tourist regions or farther away from the sea.
Purchasing real estate in Northern Cyprus
Future owners of property in Northern Cyprus cannot be unaware that such a purchase for foreigners in this sunny country has no foreclosures. You can buy a property both as individual and a legal entity - it all depends on the purpose of the purchase. Moreover, you can buy a house either directly from the owner, either through the intermediary company, or directly from local builders. And if you have money, time and desire, you can even buy a plot of land and start building your own sunny house on the Northern Cyprus!
Why housing in the resorts of Northern Cyprus - an investment?
Lodging in Northern Cyprus - not just a private villa on the sea, but long-term investment in liquid, resort property, which is able to protect capital from inflation and even a crisis. In addition, rooms, apartments, houses and villas on the sea in Northern Cyprus can quickly to regain the capital investment. Thus real estate owners of the resort homes will be yearly reduce their cost of living in the country, and, if desired, can lease the property and receive a high additional income.
