Northern Cyprus: main features and prospects

Key features of Northern Cyprus

Northern Cyprus is an independent Republic located in the northern part of the island of Cyprus in the Mediterranean Sea. It borders the Republic of Cyprus and is divided by the "Green Line." In this country, there are two official languages - Turkish and English, although you can also hear Russian on the streets.

Currency and climate

The Turkish lira is valid in Northern Cyprus and its exchange rate fluctuates around 3.3 rubles. The climate is Mediterranean, with warm and dry summers and mild, rainy winters. The average temperature is around 24 °C, with around 330-340 days of sunshine per year.

Nature and economy

The nature of Northern Cyprus is remarkably diverse - here you can see pine and citrus forests, mountain ranges, and long sandy beaches that are considered some of the best in the entire Mediterranean. The real estate market has shown price growth in recent years, making investments in this region attractive to many.

The country's economy is mainly dependent on the service sector, such as tourism, trade, education, as well as light industry and agriculture. The minimum wage in the country from July 2023 is around 15,750 Turkish Liras, which is equivalent to about 530 euros. The average salary, in turn, reaches 1,837 euros.

Conclusion

Northern Cyprus is a unique place where you can enjoy beautiful nature, a comfortable climate, and take a break from everyday worries. The warm welcome and hospitality of the locals will leave no tourist indifferent.

Growing demand for housing in Cyprus

Today, the cost of residential real estate in Cyprus continues to rise, reaching between €2,300 and €4,600 per square meter, which, according to expert forecasts, will only strengthen its position. This is supported by high demand from foreign investors and a limited number of plots available for development. The supply is unable to meet the growing demand, which in turn leads to a constant increase in prices.

The growing number of foreign investors

The number of foreigners purchasing real estate on the island continues to increase. According to official statistics, the number of home purchase permits issued to foreigners increased from 1,179 in 2021 to 2,810 in 2022. In the first eight months of 2023, close to 3,000 permits have already been issued. Among the main buyers of real estate stand out citizens of Turkey, Russia, Israel, Ukraine and Iran.

Attractive investment prospects

Both local and foreign investors find the investment prospects attractive. Currently, not only are prices for residential real estate increasing, but rental rates are also rising. In new buildings, rental prices start at €920 per month, which helps reduce the payback period for investments. Today, this figure has decreased to 10–12 years, while the average in European countries is 18–20 years.

Possibility of obtaining a local residence permit

Buying or renting a home in Cyprus can also qualify you for a local residence permit. The island offers a wide range of investment, immigration and real estate opportunities.

Various regions of Cyprus

Different regions of Cyprus, such as Iskele, Kyrenia, and Guzelyurt, each have their own uniqueness and appeal. To choose the right area, it's important to define your goals and needs, taking into account the "specialization" of each region.

Iskele

Iskele is a resort area located on the eastern coast, near Famagusta. It is perfect for a peaceful vacation thanks to its sandy beaches, rich culture, and history. There is a well-developed infrastructure, including an English-speaking school, providing excellent transport links to other parts of the island.

• In the Iskele area, real estate is mainly represented by high-rise buildings ranging from 25 to 30 floors, while low-rise complexes are a rarity here.
• Real estate in this neighborhood attracts young families and students, as there are many dining and entertainment venues in the area.
• Ishkele can be considered a new part of the island, as new buildings and infrastructure have been actively constructed here in recent years.

Investing in real estate in Cyprus

Owning property in Cyprus is one of the most sensible investment decisions. This is due to the consistently high demand for short-term rentals, making it a profitable investment. Currently, the Iskelereal estate market offers many attractive options for potential buyers.

Attractive objects:

• First object:Cozy studio in the Royal Life Poseidon complex, created by Noyanlar. Located with a view of the field and the sea, near Iskele Long Beach. Amenities include a swimming pool, supermarket, restaurant, café, pharmacy, tennis court, and more.
• Second object:Apartment in Hilltop complex which is located in Safaka neighborhood. It is very close to the beautiful beaches of Boaza. The apartment is sold under an assignment agreement.
• Third object:A stylish studio in a new residential complex just 600 meters from the sea. It is divided into sleeping and dining areas, with a total area of 48 square meters.

Opportunities for investors:

Each of these options offers excellent opportunities for real estate investment. Acquiring property in Cyprus can also pave the way for obtaining a residence permit (RP), which is an additional advantage. Payment can be made in various currencies, including rubles and cryptocurrency, providing buyers with flexibility in their payment methods. Moreover, the ability to complete the transaction remotely saves time and resources, which is an attractive point for many investors. Don't miss the chance to become a property owner in Cyprus and discover new horizons in the real estate sector.

Apartments in Famagusta, Cyprus

Measuring 46 square meters, this cozy one-bedroom studio is not far, just 900 meters, from the sandy beach. Located in a quiet neighborhood, the complex offers the opportunity to enjoy tranquility while remaining close to all the city's infrastructure and historical attractions. The city center and Long Beach are a short drive away. The unique location provides magnificent sea and mountain views.

Apartment in Iskele

The apartment is located on the second floor in Long Beach, covering an area of 65 square meters with a sea view. It is perfect for permanent living or vacationing. The apartment already has built-in appliances, cabinets, and air conditioning. The Caesar Resort residential complex has all the necessary infrastructure for comfortable living - a swimming pool, tennis court, fitness center, café, pharmacy, supermarket, and other amenities.

Venice complex system, block 2

In Iskele, a one-bedroom apartment with a bathroom covering 52 square meters is offered in the Venice complex project on Long Beach. This project combines the advantages of urban living with the opportunity for a comfortable seaside getaway. With views of the sea and mountains, the complex promises to become a new gem of the area, boasting excellent infrastructure.

New residential complex Edelweiss

In Iskele, there is an excellent opportunity to purchase a studio apartment of 56 square meters with a view of the sea and the mountains of Northern Cyprus. The complex is located near one of the best beaches on the island - Long Beach. The project combines the advantages of urban living with the possibility of a peaceful seaside retreat.

The offered apartment in Iskele

At 48 square meters with one bedroom on the fourth floor is ideal for vacation and rental. The apartment is sold with furniture and appliances, the interior is in light colors, which creates a feeling of extra space.

Studio in the Abelia complex

In the Boaz area, Iskele - furnished accommodation with a stunning sea view. This studio, covering 30 square meters, is located in a pleasant area.

Affordable real estate in Northern Cyprus

Affordable real estate is available in Northern Cyprus, which will be an excellent investment for the future. You can purchase inexpensive and beautiful apartments in various areas; for example, a two-bedroom apartment with an area of 54 square meters is available in Famagusta for just €82,963. A long sandy beach is located near the residential complex, making it a great place to relax.

Boaz Complex in Iskel

One of the most popular complexes in Northern Cyprus is located in Iskele Boaz. Here, you can purchase a studio apartment of 32 square meters for €83,800. The complex has convenient infrastructure with restaurants, cafes, and supermarkets. Nearby, there is a beach perfect for swimming and sunbathing, as well as 5-star hotels at Long Beach.

Studio apartment in the Sea Shall complex

A studio apartment in the Sea Shall complex, located just 200 meters from Long Beach, represents another unique property. The total area of this apartment is 36 square meters, and it is fully furnished and equipped with appliances. This apartment is perfect for short-term or long-term rental.

Caesar Resort Complex

The Caesar Resort complex also offers interesting apartment options in Northern Cyprus. A one-bedroom apartment with an area of 62 square meters is located with a view of the pool and costs €89,000. The Caesar Resort complex features numerous swimming pools, a water park, a gym, a restaurant, and cafes, providing maximum comfort and enjoyment for your vacation.

New residential complex in Iskel

A new residential complex in Iskele offers a studio for €91,100. The complex is located near the sandy Aiylion beach and the famous Golden Beach of Karpaz. It's the perfect place for those who love living by the sea in a beautiful area.

Studio in a new complex in Iskele

One of the new studios in Iskele, measuring 36 square meters, is located in a complex that is within walking distance of Long Beach. The price is only €91,200.

Advantages

• Obtaining a residence permit when purchasing real estate in Northern Cyprus
• Ability to pay both in rubles and cryptocurrency
• Attractive infrastructure and picturesque places

This is convenient for investors from all over the world who are looking for interesting investment opportunities. The excellent infrastructure, picturesque locations, and the chance to live by the sea make Northern Cyprus an attractive place to live and vacation.

Great project in Iskel, Northern Cyprus

This large project includes 21 blocks of various heights - 12, 16, and 22 floors, and also encompasses 32,500 square meters of green space. The properties in the complex offer stylish and attractive housing. The area is known for its cozy coastal settlements, seafood restaurants, and crystal-clear sea, as well as golden beaches. Here, you can find both high-rise buildings and two-story villas.

Residence in Iskele

The plot of land represents a new residence in Iskele, located just 1500 meters from the Mediterranean Sea beaches. The residence consists of five fifteen-story blocks with a gated area and excellent social amenities.

A modern project with excellent infrastructure

A new modern development in Iskel that offers a stunning infrastructure is a must see. The area is appreciated for its beautiful beaches, clear waters and variety of restaurants and stores.

Active development of the Iskele area

In recent years, the Iskele district has been actively developing, which is reflected in real estate prices. There are many construction projects underway, among which you can find worthy and interesting options. Paradoxically, the demand for such properties has only recently equaled the supply.

The port city of Iskele

Iskele is a picturesque port city on the northern coast of Cyprus, popular among tourists and real estate buyers. It attracts with its unique beauty, a combination of mountains and sea, developed infrastructure, and convenient transportation links.

Kyrenia is a popular place to buyreal estate

Kyrenia in the north of Cyprus is one of the most popular places to buyreal estate. Here you will find British private schools and Girne American University, making this area attractive for those looking to relocate or ensure their children's education. There are also many European property owners living here.

Ban on high-rise buildings and housing prices

One of the main features of Kyrenia is the strict ban on the construction of high-rise buildings, except in the central part. In the outskirts of the city, only buildings up to three stories are allowed. The average cost of new constructions in western Kyrenia starts at €94,000, while in the eastern part it starts at €117,000.

Advantages of the city and resort

Irina Chekalyova, Head of Russian-speaking sales department of DMG Property, emphasizes the unique combination of city life and resort recreation opportunities in Kyrenia. Depending on the location, it is possible to choose both permanent residence and investment options for short-term (resort property) or long-term rent (urban property in the center, closer to educational institutions).

Investments: suburbs and neighboring cities

If your goal is investment, pay attention to offers in the outskirts and neighboring cities, such as Esentepe. New complexes with developed infrastructure, beautiful parks, and other advantages are actively being built here. The project also includes the construction of a port and a yacht club.

Examples of available real estate in Kyrenia

• Apartments in Kyrenia, Cyprus - €97,859:Two bedroom apartment of 72,4 m 2 located on a hillside in a protected area with stunning views of the Mediterranean Sea, just 5 minutes from the beach.
• Villa in Kyrenia, Cyprus - €230,300:A ready-made five-room villa with an area of 186 m², just 200 meters from the beach. The villa is located in a well-maintained gated complex on the first line of the shore. The price includes all furniture and appliances.

Northern Cyprus, namely Kyrenia, offers unique real estate and investment opportunities. The perfect combination of city life, educational opportunities, beautiful nature and the sea is remarkable. Search for your property and we will help you make the right choice.

Searching for solitude in Kyrenia, Cyprus

In today's world, where urban life is becoming increasingly stressful and noisy, more and more people are seeking solitude and peace outside of city centers. For many, especially those who aspire to a calm and comfortable life, housing in Kyrenia, located in Cyprus, is becoming an increasingly attractive option. This area, known for its tranquility and beauty, offers residents and property buyers a unique opportunity to enjoy life away from the hustle and bustle of the city.

Diversity of residential properties

Kyrenia offers a wide range of accommodations, from cozy apartments to luxurious villas, each with its own unique charm and advantages. Many of these properties have direct access to beautiful coastal waters or are surrounded by majestic mountains, making them even more appealing to nature lovers and those seeking tranquility.

Convenient ways to buy

For those interested in purchasing real estate in Kyrenia but unable to be physically present, online viewings and remote transactions are available. This is a convenient way to buy property abroad without leaving home.

Attractive rental conditions

Northern Cyprus is also known for its favorable conditions for renting real estate. Here, you can find various housing options that offer a high level of comfort and the opportunity to live in harmony with nature. Villas by the sea are especially popular among families looking to spend their vacation or settle on the coast.

Modern infrastructure and quality of life

Despite being away from the hustle and bustle of the city, the residents and visitors of Kyrenia can rely on modern infrastructure and a high quality of life that matches urban standards. This makes Kyrenia an ideal place for those seeking solitude but not willing to give up the comforts of modern living.

Conclusion

Thus, Kyrenia offers a unique combination of tranquility, comfort, and affordability, making it one of the most attractive places to live and relax in Cyprus. The variety of real estate options here is so diverse that everyone can find a home.

In Kyrenia, on the northern coast of Cyprus, a unique penthouse is available, representing the perfect blend of luxury and comfort. This two-bedroom penthouse has a total area of 50 square meters, with a spacious rooftop of 29 square meters, and is located just 250 meters from the shore. Nearby, there is a well-maintained promenade stretching over three kilometers, offering magnificent views of the mountains and the sea, making this place ideal for those who appreciate nature and comfort.

Ideal housing

The house is located in the picturesque city of Kyrenia, in one of the most attractive areas where every moment is filled with tranquility and the beauty of nature. The price of this residential space is 616,966 euros. Purchasing this property also opens up the opportunity to obtain residency in Cyprus, making this offer even more appealing.

The interior of the penthouse includes three bathrooms and a guest toilet, as well as central gas heating that provides a comfortable atmosphere year-round.

Variety of housing options

The company also offers a variety of housing options throughout the city of Kyrenia. For example, for 111,591 euros, you can purchase a spacious 82 square meter apartment in the picturesque Lapta area. This area is known for its authentic atmosphere, breathtaking views of the sea and mountains, as well as unique beaches and restaurants that are recognized as the best on the northern coast of Cyprus.

Another interesting option is a 65 square meter apartment in an elite complex on the first coastline. Located in a prestigious area of the city, this complex offers an excellent combination of style and comfort, making it perfect for living in the center of Kyrenia. The price of this property is 215,587 euros and includes modern furniture and all the necessary amenities for everyday life.

For those who prefer the calm atmosphere of the suburbs, there is an opportunity to purchase apartments in a complex in Karaolanolu, located just a few minutes from Kyrenia. This cozy project consists of 18 two-story blocks, surrounded by a park area with a pond, children's playgrounds, and more.

Investing in real estate in Cyprus

Investing in real estate in Cyprus is not just about buying a cozy home, but also about putting money into a stable and promising market. A very interesting place to purchase property is the city of Kyrenia, which is famous for its picturesque landscapes, clean beaches, and untouched nature. This area lacks large industrial enterprises, ensuring a clean environment and tranquility.

Offers in Kyrenia

• Eron Group:Luxurious villa with an area of 157 sq.m. priced at 421,000 euros, featuring 4 bedrooms and 3 bathrooms.
• Imperial Estate Club:Apartments directly by the sea starting at €172,877, with various options available.
• Wiserial Estate:Penthouse for 520,000 euros, 188 sq.m., 3 bedrooms, 2 bathrooms.
• Tekce:Villa for €490,768, 135 sq.m., 4 rooms, close to Alagadi beach.

Offers in Güzelyurt

Guzelyurt, known as the "citrus center" of Northern Cyprus, is actively developing as a tourist destination and an attraction for real estate investments. Located in the northwest of the island, this amazing region offers affordable prices and exclusive projects right by the sea. Despite having a less developed infrastructure compared to other tourist areas, Guzelyurt has enormous potential for investors.

• Leverage Investments:A payment plan during the construction of housing, with the opportunity to explore 688 similar real estate properties in this region.

Opportunities in Cyprus

Cyprus offers a wide range of real estate investment options, from luxurious villas to cozy apartments and flats. Purchasing property on the island is a great opportunity to become the proud owner of beautiful housing in one of the most wonderful places in Europe, as well as a reliable investment for the future.

In the north of Cyprus, active construction is beginning on a new area with attractive prices starting from 80,000 euros. This promises to become a promising investment destination due to plans for the development of a port and the construction of a multifunctional medical center in the region. The new area has already become a site for unique projects that are expected to attract interest in two to three years.

Apartments in Güzelyurt

In Güzelyurt, a region of warm and picturesque landscapes dominated by oranges and strawberries, resort complexes with apartments of various layouts are being built. The conceptual projects offered here focus on the well-being and harmony of the soul and body, and you can purchase a property for just 79,457 euros.

Guzelyurt - "beautiful land"

Guzelyurt, which translates from Turkish as "beautiful land," truly delights the eye with its fertile fields and peaceful way of life. An ideal place for buyers seeking tranquility and closeness to nature, Guzelyurt also offers exclusive residential complexes. One of them is Coastal Heaven, located on the first line of the shore and featuring apartments ranging from 62 square meters, priced from 99,736 euros.

Los Angeles in Gaziveran

Not far from Güzelyurt is Gaziveren, where another luxurious residential complex, Los Angeles, is located. Here, you can enjoy a rooftop pool and an 11th-floor restaurant with stunning views of the Mediterranean Sea. Apartments in this complex are available starting from 55,000 euros, making this area attractive for those seeking comfort and luxury.

An elite complex on the first coastline of the sea in Northern Cyprus

We present to you a new elite complex on the first coastline of the sea in the Guzelyurt area of Northern Cyprus. This is one of the 13-story buildings, featuring a gated community and excellent full social infrastructure. The residence occupies a privileged location on the coastal strip, allowing builders to construct large-scale buildings nearby. Housing is available for purchase in installments: the initial payment is 35%.

Guzelyurt Region: a unique combination of history and investment opportunities

Guzelyurt is one of the regions of Northern Cyprus, where stunning landscapes, ancient history, education, and investment opportunities come together. Interest in real estate in this area is growing every day.

A wide selection of real estate in Güzelyurt

On our website, you can explore various real estate options in Güzelyurt. We offer:

• apartments and flats in various complexes;
• commercial properties, such as stores.

To view the property, you can take advantage of an online showing and a remote transaction. You can pay for it in either rubles or cryptocurrency.

Purchase real estate with the option to obtain a residence permit.

One of the priorities for leading companies in the real estate market is the ability to obtain a residence permit when purchasing property. This will be beneficial for those who wish to invest their money wisely in real estate and open a bank account in Cyprus.

Diverse apartments in complexes with well-developed infrastructure

We are also pleased to present you with a variety of 2+1, 1+1, and 1+0 apartments with different layouts and sizes, including apartments with terraces. They are located in modern-style complexes that offer all the necessary infrastructure at your disposal.

For example, in Gaziveren, a picturesque town in the northern part of the island, there is a complete urban infrastructure along with numerous shops, cafes, and restaurants.

Comfortable and safe living

Developers of complexes pay close attention to the architecture of their buildings and use only the latest technologies in construction. This allows for the creation of a comfortable and safe environment for living and recreation.

Quick document processing and full legal support

If you decide to purchase real estate with us, we guarantee you quick document processing and legal support at all stages of the purchase. Our company offers a full range of real estate services in Cyprus and is always ready to assist you in choosing and buying a home.

Investments under full control

More and more people are paying attention to the opportunities for purchasing real estate in Northern Cyprus. A new residential complex in Lefke offers a unique combination of comfort and affordability, located just 50 meters from the sea and close to golf courses, making it even more appealing.

The prestigious district of Güzelyurt

Guzelyurt is a prestigious area for investment, where apartments provide a good income and additionally offer the possibility of online viewing and payment in cryptocurrency. The combination of convenience, affordability, and beautiful nature makes this area particularly attractive for living and investing.

The Kalkanlıgüzelürt area

Kalkanlıgüzelürt is an area with a rich history, abundant places to visit, and magnificent citrus plantations. The apartments here are not only stable capital investments but also an opportunity to enjoy the island's beauty at every turn. This place allows for easy access to various attractions while enjoying the tranquility and beauty of nature.

New residential complex in Güzelyurt

The new spacious residential complex in Güzelyurt promises to be a true discovery for those who value coziness and comfort. Güzelyurt is renowned for its variety of fruits and tranquility, making it appealing to those seeking solitude and fresh air. Investing in real estate in this new complex will be a profitable step for future owners.

A safe and productive future

By acquiring assets in this area, you are investing in the future in the safest and most productive way. The new apartments will be a highlight of Northern Cyprus, offering everything necessary for a comfortable and luxurious life. In addition to favorable financial conditions, there is a unique atmosphere here that will surround you with coziness and well-being.

Diversity of opportunities

Northern Cyprus is filled with opportunities for comfortable living and successful investments. Various residential projects in Guzelyurt and Lefke offer not only a beautiful place to live but also the potential for passive income, making them attractive for both personal use and investment.

**Conclusion:**

In conclusion, I would like to emphasize that Northern Cyprus continues to attract both locals and foreign investors with its unique combination of a favorable climate, diverse nature, and economic opportunities. The beaches, mountain ranges, tourist infrastructure, and prospects in the real estate sector make this region appealing for various purposes - from purchasing a home to making investments.

It is worth noting the constant increase in demand for real estate, which contributes to rising prices, as well as the amenities that the island offers for both living and business. I strongly recommend considering Northern Cyprus as a potential place for future investments or even relocation, taking into account all the aforementioned factors.