5 Reasons to Become an Investor in the Turkish Republic of Northern Cyprus

5 Reasons to Become an Investor in the Turkish Republic of Northern Cyprus

Cyprus Promises a Life Full of Pleasure
 

The Turkish Republic of Northern Cyprus continues to create new opportunities for investors with its rising economy.

With its pleasant coastal life, modern real estate projects, tourism and entertainment facilities, famous restaurants and cafes where you can experience world cuisine, walking areas and of course the sandy beaches that chirp in hot weather, Cyprus opens the doors of a pleasant life to its investors.

Of course, the opportunities provided by being an investor in Cyprus are not limited to these...

Today we have listed many reasons to become an investor in Cyprus for you.

If you are wondering what these reasons are, all the details are in our content we have prepared for you.

Becoming an Investor in Cyprus

First of all, it is worth noting that compared to other European countries, it is quite easy to own a house in Cyprus by paying less money.

On the other hand, the procedures to be fulfilled in order to invest in real estate in Cyprus or to become a Cypriot citizen with real estate investment are also fast and simple.

To invest in real estate in Cyprus; By giving a power of attorney to a lawyer, you can ensure that all procedures from the Council of Ministers to the sales permit processes are easily fulfilled.

In Cyprus, what you need to do in citizenship processes through investment; To buy a property in Cyprus for a minimum of 2,000,000 euros and to deposit a support fee of 150,000 euros to the state funds.

 

1- Profitable Investment Opportunities

On 10 November 2008, the law on 'Acquisition of Immovable Property and Long Term Leasing' for foreigners entered into force and foreign nationals have the right to purchase or lease property in the Turkish Republic of Northern Cyprus.

Since then, many foreigners prefer the Turkish Republic of Northern Cyprus for a profitable investment and a secure future.

Cyprus offers many different investment opportunities.

Especially in recent years, the construction sector, which has been on the rise in the country, has changed the face of Cyprus with the modern projects it has developed.

The increase in real estate prices together with modern real estate projects has enabled a 30 percent growth in the sector.

Properties in Cyprus are constantly adding value to their value.

So much so that the real estate you buy pays for itself between 10 and 20 years.

In addition to these, the number of land open to development in Cyprus is also quite high.

By investing in a land in the Turkish Republic of Northern Cyprus, you can make a profit in a very short time.

You can rent this land, use it for a construction project or just wait for it to multiply its value over time.

2- Increasing Rental Housing Demand

In Cyprus, almost every month of the year, the demand for rental houses is quite high.

In addition to university students coming to Cyprus for educational purposes, visitors coming for tourism purposes also prefer rental houses.

When you rent out the property you buy in the Turkish Republic of Northern Cyprus, you will earn back the money you paid when you bought it in a period of about 10 years.

 

3- Increasing Young Population

The number of universities and students in the Turkish Republic of Northern Cyprus is also quite high.

There are 27 universities in Cyprus, which provides a reputable education at world standards.

And these universities; Every year, it incorporates young people from many parts of the world.

Students coming to Cyprus play a major role in the economy of Cyprus, as well as one of the biggest factors in increasing the demand for rental houses in the country.

4- Tourism

One of the sine qua non of Cyprus is of course Tourism.

In Cyprus, where favourite entertainment and holiday venues are located, tourism investments continue to increase continuously.

These investments, which increase with the incentives offered by the state to the investor, allow the tourism capacity in Cyprus to increase as well as the investor to make a high profit.

 

5- Buying and Selling with Foreign Currency

One of the advantages that provide great convenience to foreign investors in Cyprus is the possibility of shopping in foreign currency.

The use of foreign currency, especially when purchasing real estate, protects the real estate against inflationary movements, while providing a high level of convenience to foreign investors.

Remember!

Being an investor in the Turkish Republic of Northern Cyprus is a privilege.

In the Turkish Republic of Northern Cyprus, where the Mediterranean climate continues its effect all year round, it is no longer a dream to wake up every day with the smell of the sea, to feel the sweet warmth of the sun in four seasons, and to live a pleasant life with happy people.

Take action to start a new life in the Turkish Republic of Northern Cyprus and take advantage of investment opportunities!

Contact Proturk Property's investment consultants to invest in Cyprus or to get information about investment portfolios suitable for you.