Why should you consider buying property in Northern Cyprus?

In our database, there is information about a client named Alexander, who shared his experience of buying real estate in Northern Cyprus. He chose the village of Gaziveren, located in the Güzelyurt area. This picturesque corner impresses with its natural diversity and proximity to the sea. In 2018, Alexander made a deal to purchase an apartment near the coast for an amount75 thousand euros.

Real estate search

When it came to searching for real estate, Alexander faced the intricacies of making a choice. The process turned out to be much more complicated than he had expected. He explored numerous resources and platforms offering real estate options, thoroughly investigating the available housing options by the sea.

The final decision to purchase in Northern Cyprus was driven by a thoughtful approach. Although he initially considered investing in real estate in Bulgaria, negative reviews about the country made him reconsider his plans. Alexander noticed that the Mediterranean coast in Cyprus looks much more appealing compared to the Black Sea. Additionally, the housing prices in the northern part of the island turned out to be quite reasonable, which was a pleasant surprise for him, as there was the possibility of installment payments.

The process of selection and acquisition

As for the process of searching for housing, Alexander emphasized his luck in being able to catch the moment when real estate prices had not yet significantly increased. He noted a residential complex that was originally designed as a place for family vacations. This became an important advantage for his children, as there were always opportunities for playing with other kids on the complex's grounds, which was very important for long-term living.

Initially, they planned to use the acquired property for short trips, dreaming of spending one to two months here each year. They were shown various options, including both apartments and standalone houses, located in both the city center and remote areas. During their viewings, they visited major cities like Famagusta and Kyrenia, touring almost the entire island, but ultimately they chose a complex that was located on the beachfront.

Infrastructure of the complex

The infrastructure of this complex was very appealing and included:

• pools
• saunas
• jacuzzi
• restaurant

All of this made a positive impression. Also, the area where this complex is located, according to Alexander's opinion, had the most greenery in Cyprus.

Completion of the deal

The process of closing the deal went smoothly. The real estate agencies provided them with all the necessary materials, conducted tours of the properties, and assisted with the adaptation. All the staff were polite and had a non-intrusive approach, which allowed Alexander to make all the necessary decisions independently.

Difficulties with the visa

However, Alexander faced difficulties in meeting the deadlines of his visa. An important condition is that one should not stay on the island for more than30 daysAfter that, it is necessary to extend the visa. Those who neglect this rule face a fine, which is quite discouraging.

One common misconception is the idea of visas for90 days— that's not quite right. Information about the required visas for Northern Cyprus is not available outside of Turkey, and the visa for30 daysvalid without additional conditions. However, it can be extended until90 daysHowever, this will require getting a special stamp at the border in the buffer zone of Nicosia every 30 days.

Movement between parts of Cyprus

Migration between the northern and southern parts of Cyprus is possible without any obstacles, but it's important to pay attention to the validity of your visa to avoid any issues. A fine of about is imposed for each day of overstaying.13 eurosTo avoid any issues at the border, it is recommended to clarify the date of the end of your legal stay in advance.

Interest in real estate in Cyprus

Real estate in Cyprus is of great interest to many, and current events in the field of foreign housing can be tracked in Telegram channels. For example, a one-bedroom apartment with an area of56 square metersAlexander purchased for72.6 thousand euros, which also highlights his successful deal.

Real estate registration and expenses

I was able to arrange my housing for quite reasonable costs: I had to pay €1,700 for legal services, as well as register the property, which cost 0.5% of its value at the land committee.

The complex where my apartment is located is not far from Gaziveran. It's a cozy and well-equipped place with shops, schools, restaurants, and all the necessary amenities for comfortable living. Despite this, the population here is not very large – only about two thousand residents.

Large retail outlets and hotels can be found in the city itself, for example, in Kyrenia, where there are also casinos and various establishments. However, I didn't want to buy property within the city limits, as it didn't make much sense to me—after all, what’s the point of getting a vacation if you’re just moving from one city to another?

I was looking for a secluded and peaceful place where I could just go to the beach with a towel and flip-flops. Without any unnecessary hustle and extra expenses. By the way, the beaches in Kyrenia are paid.

Expenses for maintaining an apartment

The costs of maintaining our apartment amount to approximately €90 per month. Owners of small apartments, around 40 square meters, can save and pay about €70. These expenses include:

• insurance
• pool maintenance
• cleaning

In addition, residents can use the jacuzzi and the gym.

Interest in Güzelyurt

According to Vitaly Shor, the director of the sales department at Cyprus Coast & Country Homes, interest in the Guzelyurt region in NorthernCyprus is growing. This area can confidently be considered one of the greenest on the island. Guzelyurt is an agricultural region famous for its citrus orchards, and the landscape is awash with blooming plantations of oranges, mandarins, grapefruits, and pomelos.

He competes with Yeshilyrmak for leadership in agricultural production, which is known for its strawberry plantations, where an annual strawberry festival takes place, allowing visitors to pick fresh berries straight from the fields.

Comparison with other regions

When comparing Güzelyurt to other places like Iskele or Famagusta, it stands out more favorably due to its location near the Troodos mountain range and the Olympic ski resort, which can be easily reached in 40 minutes.

In Kyrenia, the main transportation infrastructure is concentrated along the coast, which makes it difficult to find a secluded spot for beach relaxation.

Renting out an apartment

I quickly decided that I want to rent out my apartment. The summer months—July, August, and September—are quite hot, and as soon as I realize that I'm going to be away from the island for a long time, I immediately notify the management company. They handle the rental of the apartment and provide income reports every month.

My apartment is available for daily rental at a price ranging from €50 to €70. The management company takes a 50% commission, but they also handle cleaning and maintenance of the property. As a result, they keep about 20-30% of the total amount, but this arrangement works well for me.

Trends in the real estate market

Vitaly Shor emphasizes that more and more clients are choosing real estate in Northern Cyprus as a way to generate stable income. This trend has become particularly noticeable in recent years.

Previously, buying a home was seen as a means for personal use, and renting it out was not part of most people's plans. However, now the rental process is often organized directly by developers, which simplifies life for owners and significantly increases their income.

Management company in projects

In the projects we implement, the management company plays a key role. It ensures that all apartments will be successfully rented out and creates transparent conditions for interaction between owners and tenants.

Types of rental

Like in any other field, rental is divided into two main types:

• Long Term Lease:primarily aimed at students.
• Short-term rental:designed for tourists who typically stay for a period of one week to a month.

Tourists most often look for accommodation for a period of three to four months, while students rent for the entire academic year, which lasts about nine months. During the summer months, students leave their apartments, creating an opportunity for short-term rentals of the vacated spaces. The combination of these rental forms allows for an annual return of around 8-10%.

Educational institutions in Northern Cyprus

There are 17 different higher education institutions operating in Northern Cyprus. The education system here focuses on the practical application of knowledge and is implemented according to American standards. For certain specialties, instruction is provided in English.

The convenient opportunity to obtain a European diploma at a reasonable price attracts many students every year. In 2018, the number of students in Northern Cyprus reached 100,000, and it is projected that this number will double by 2025.

Quality of education

Unfortunately, not all universities in the region meet European educational standards. However, there are educational institutions that offer a quality learning process:

• European University in Lefke
• Eastern Mediterranean University
• Branch of the Middle Eastern Technical University in Ankara

The diplomas from these educational institutions are recognized in many countries around the world.

Life in Northern Cyprus

Speaking about life in an unrecognized state, I can confidently say that the situation in Northern Cyprus is quite calm, despite the existing stereotypes about "unrecognized territories." Many Europeans live here, including citizens of the United Kingdom and Sweden.

Foreign policy doesn't interest me; it's just an ordinary state with its laws and leadership. I don't live here permanently, but I visit the island every two to three months for periods of two to four weeks. I also spend my vacation here with my family, as the prices are reasonable and the quality of local products is very high. The crime rate here is minimal, and the island is peaceful both day and night.

Stereotypes about instability

As for the discussions about the unstable situation in Northern Cyprus, I have no intention of engaging with such claims. This is absolute fiction, seemingly born from a troubled imagination.

This reminds me of stories about how bears supposedly roam the streets in Russia and play the balalaika.

In Turkey, the locals have a particularly open and friendly character. This place is quite different from cities like Vienna, Paris, or St. Petersburg. We are currently in Cyprus, where the island does not exemplify high development and an abundance of cultural sites and events. However, if your dream is to enjoy the warm sun and the sea, this region will be an excellent choice. Let's take a closer look at the real estate available in NorthernCyprus.

Real estate in Gaziveren

For example, you can pay attention to the apartments in Gaziveren, which are priced at22,450 eurosThis is a small but very cozy space in size.30 square meterswith one bedroom and a bathroom. For your convenience, online viewings and possible remote transactions are available, as well as the option to pay in rubles and cryptocurrency. Notably, prices for secondary housing are more favorable compared to offers from developers, and the down payment here is19,250 pounds sterlingThe total cost of the apartment can reach55,000 pounds.

Apartments with a view of nature

Another option is an apartment in the same area, priced at32,236 eurosand an area of70 square metersone bedroom. As in the previous case, remote viewings and the option for remote purchase with payment in rubles or cryptocurrency are available. A down payment is required for this property.27,600 poundsand the total cost will be78,650 poundsThis apartment is located on the second floor and offers a delightful view of Morphou Bay and the surrounding orange groves, which is very appealing. Gaziveren is actively being developed, and the infrastructure of this area is undergoing significant changes and improvements.

Housing options in Kyrenia

If you are interested in the city of Kyrenia, you might want to consider the offer for a studio, the price of which is45,481 eurosfor13 square metersWhen purchasing such real estate, you will have the opportunity to obtain a residence permit. Online viewings and remote purchasing are available. Considering the nature of urban life, more and more people are striving to settle in peaceful suburbs like Tatlısu. It is the perfect place for those who value tranquility and comfort in their daily lives. A new residential complex is scheduled to be completed in December.2025will offer a variety of amenities and services for residents.

Studios on the coast

You can also find a studio in Gaziveren with an area of35 square meterscost55,000 eurosThis offer includes the possibility of obtaining a residence permit and all conditions for online viewings. The property is located in the first line from the Mediterranean Sea, just a short distance away.300 metersfrom the beach with the possibility of engaging in water sports. Within walking distance is the Gaziveren center, where you can find a variety of shops, cafes, and restaurants, as well as services necessary for a comfortable life.

Elite studios in Gaziveren

Another attractive offer is a studio in Gaziveren priced at56,000 euros, in size30 square metersThese are new residential complexes with well-developed infrastructure. Online viewings and remote purchasing options are also available, with the ability to pay in rubles and cryptocurrency. It is important to note that in this region and the surrounding areas, you can find not only unique living conditions but also a wide selection of real estate that caters to various tastes and preferences.

Conclusion

In conclusion, if you want to spend time in a warm climate and enjoy picturesque natural landscapes, Northern Cyprus is an excellent option for both vacationing and permanent living. Here, everyone can find a choice that suits their interests—whether it's an apartment close to the sea or a secluded spot away from the hustle and bustle of the city.

Residential complex in Gaziveren

In the picturesque corner of Gaziveren in Northern Cyprus, just 600 meters from the beautiful golden shores of the Mediterranean Sea, a new residential complex is being built. This impressive project consists of three ten-story buildings that create a closed and secure area, filled with various amenities for its residents.

At the moment, a unique opportunity is being offered to become the owner of a studio at the final stage of construction for just56,000 eurosThe area of this residential unit is 30 square meters, which includes one bedroom and a bathroom. One of the main advantages of purchasing this property is the possibility of obtaining a residence permit, as well as conducting online viewings and cashless transactions, including the option to pay in rubles.

Elite complex on the first line of the sea

A new elite residential complex is launching in the beautiful Gazivene, located on the first line of the Mediterranean Sea. This eighteen-story building with a secured territory offers its residents all the necessary conditions for a comfortable life.

• Premium-class apartments are available starting from57,000 euros
• The area of the apartments is 50 square meters.
• Each dwelling consists of one bedroom and one bathroom.

In addition, it is possible to arrange for residence permits and organize online apartment viewings, as well as conduct transactions remotely using cryptocurrency.

New project in a picturesque bay

Another new residential project located in Gaziveren attracts attention due to its scale and unique natural conditions. The complex is built on the first line by the sea in the picturesque Morphou Bay and includes three 16-story buildings, offering bright apartments with large terraces.

All apartments are designed using modern and high-quality materials, ensuring a high level of comfort.

Infrastructure and advantages of the region

Gaziveren is not just a place to relax. It is a true oasis with a developed infrastructure, featuring a variety of shops and restaurants.

• The road to the nearby town of Lefke will take just 10 minutes.
• The beaches in the area are equipped for comfortable swimming.
• The gentle shore is perfect for families with children.

It is important to note that our portfolio also includes apartments that can serve as excellent options for rental, representing a profitable investment opportunity.

Resort complex from the developerManhattan Alivip MMT

We are also pleased to introduce a new resort complex being built in an eco-friendly and tranquil area. The completion of construction is scheduled for June 2026, and this project promises to be a unique offering in the real estate market of Northern Cyprus.

Become the first owner of an apartment in this attractive complex, which promises not only a high level of comfort but also excellent investment prospects.

Investment opportunities

Currently, you have the opportunity to purchase a studio with an area of 33 square meters at the price of58,500 euros.

It includes one bedroom and a bathroom, making it an ideal option for comfortable living or renting. New listings regularly appear on the real estate market in Northern Cyprus, and you have the chance to become part of this rapidly growing region with unique opportunities for investment and leisure.

Real estate in Western Cyprus

In the western part of Cyprus, in places like Lefke and Guzelyurt, there is a unique residential complex that is ready for occupancy. While construction of a new phase continues nearby, this resort complex operates year-round and is offered for sale with furniture and all necessary appliances.

The sandy beaches of the area attract vacationers, and for those considering a purchase, there are installment and financing programs available. In Gaziveren, you can find a one-bedroom apartment with an area of 50 square meters, priced at59,550 €Recently, developers in Turkey have been actively offering significant discounts for those who have already made their choice. We will assist you in finding the optimal real estate option and will strive to secure the best deal conditions for you.

Conditions of the new project

There is a new project that requires an initial contribution of35%that will be just a little more59,500 eurosThe payment terms allow for the distribution of payments until the completion of construction. The Turkish Republic of Northern Cyprus (TRNC), in the city of Gaziveren, offers very attractive conditions in the local real estate market.

Studios and apartments in Famagusta

Another enticing offer is a studio in Famagusta priced at60,000 €A 40 square meter apartment, also with one bedroom and the possibility of obtaining a residence permit upon purchase. We are happy to offer you an online viewing of this apartment, located in the city center, in the Uptown Park Residence area.

The complex is conveniently located:

• Next to the main street, but in a quiet place.
• Within walking distance are the beaches of Famagusta.
• The city center, markets, and other important locations are just a 5-minute drive away.

Studio in Güzelyurt

You can also pay attention to the studio in Güzelyurt, which costs...61,200 €a 30 square meter apartment, which also grants the right to obtain a residence permit. This is a new elite residential complex with full infrastructure, located just150 metersfrom the magnificent beaches of the Mediterranean Sea. The complex includes four blocks, and the entire area is fenced and under security.

Apartments Resident Hollywood MMT Tunç Alivip

It is worth noting the apartments in Gaziveren at the price.61,204 €just a kilometer from the beach. Resident Hollywood MMT Tunç Alivip is a vast resort complex located on the shores of Morphou Bay in the Gaziveren area of Northern Cyprus. It is situated in1000 metersfrom a picturesque sandy beach that can be reached by a convenient bus or taxi in just a few minutes.

Apartment in Güzelyurt

There is also an apartment in Güzelyurt with an area of50 square meters, at a cost of61,500 €The purchase is possible through a remote transaction and using cryptocurrency. This new residential complex is being built in150 metersfrom the Mediterranean Sea to Güzelyurt and offers excellent living conditions due to the presence of infrastructure that resembles the services of a five-star hotel.

Guests have access to both open and covered swimming pools, a spa center, a gym, yoga rooms, playgrounds, tennis courts, karaoke, and many other amenities that ensure a comfortable and enjoyable stay.

Conclusion

As I wrap up my dossier on purchasing an apartment in Northern Cyprus, I want to highlight a few key points that have been decisive for me. Choosing a home in such a beautiful area as Guzelyurt turned out to be not only a step towards comfort and seclusion by the sea but also a wise investment in the future.

Comparing Northern Cyprus with other destinations like Bulgaria, I realized that this island offers much more: a warmer climate, beautiful Mediterranean Sea, and a friendly atmosphere. The decision to buy an apartment came when I realized that it is not just a second home, but an opportunity to create a warm family environment away from the hustle and bustle of the city.

The process of choosing a residential complex

The process of choosing a residential complex was a real revelation for me. Polite and responsive realtors, who didn't impose their opinions but gave me complete freedom of choice, reduced my stress level and helped me focus on finding the perfect home. An apartment with well-thought-out infrastructure and a lot of amenities, such as pools and saunas, turned out to be a true find for us.

It's important to keep in mind the nuances of visas.

Remembering the difficulties with the visa, I also emphasized the importance of following the rules, especially for those planning a long stay on the island. These moments may seem insignificant in the light of the joy of acquiring new housing, but they hold great significance in everyday life.

The charm of Northern Cyprus

Moreover, the traditions of Northern Cyprus, such as vibrant fruits and green plantations, make this region even more appealing. Now, even when I'm not on the island, I know that my apartment generates income through rentals – and that brings me additional satisfaction.

Results

Thus, my experience of buying property in Northern Cyprus has become not only a successful financial investment but also an amazing adventure. I am glad that I chose Guzelyurt, and I do not plan to stop there. Plans for further development and renting out the apartment open up new horizons. And of course, I am happy to keep up with all the news in the real estate market – stay with us to stay informed!