The Mediterranean pearl of Cyprus is an attractive place for real estate investors!

Real estate is one of the most popular investment avenues, but the lengthy research phase that buyers face can delay this important decision indefinitely. It is especially challenging to find the right location and conditions for investing in real estate abroad, which is why thorough research into the conditions in standout countries is necessary.

Results of the survey "Live and Invest Abroad" in Forbes magazine

In an article by Forbes, which published the results of the "Live and Invest Abroad" survey conducted in 2021, it was noted that the Iskele region in Northern Cyprus ranked first among five resort countries for real estate investment. Forbes described NorthernCyprus as a safe and welcoming place with a well-developed tourist infrastructure.

Iskele is an attractive region for investors in Cyprus.

The founder of Kibristaneval.com, Eyup Derdiok, emphasized that Iskele, which is in a constant state of development, is an attractive region for investors in Cyprus due to its location and beautiful views. Attracting those who seek a calm and clean atmosphere for peaceful living, Long Beach not only offers huge investment potential but also provides a high quality of life with long beaches, walking and cycling paths, tourist attractions, entertainment venues, restaurants, and cafes. The Iskele Long Beach era allows for home ownership with a low down payment, no interest, and installment plans.

Depreciation period in Cyprus

Addressing the issue of amortization, which refers to the time it takes for rental income from real estate to equal the purchase price, Eyup Derdiok stated that in regions with high property values, the amortization period ranges from 17 to 25 years, while in Cyprus it varies from 8 to 12 years due to the increase in rental and property prices. "This attracts the attention of foreign investors. When you rent out purchased property in Cyprus, the total rent over 10 years allows you to recoup your costs.

The process of buying real estate in Northern Cyprus

Eyuip Derdiok also emphasized the convenience of the real estate purchasing process in Northern Cyprus, noting that for non-residents, it is not much different from the process for local investors: "Even if you do not have Cypriot citizenship, you still have the opportunity to become a property owner in Northern Cyprus. The purchasing process is very similar to that of local investors and is quite simple. To become a property owner in Cyprus, you first need to pay a deposit for the property and submit an official application with the contract. With the power of attorney you give to a lawyer, the entire process can be easily navigated. We recommend that anyone looking to become a property owner in Northern Cyprus work with consultants who understand the local real estate market and legal system. We, at Kibristaneval.com, have all the necessary expertise and experience to make the real estate investment process as convenient and quick as possible for our clients. We are always there for our investors with our 24/7 support, helping them invest wisely in promising regions."