Cyprus: the first choice of foreign investors.

Taking the top spot and beating Colombia, Brazil, Mexico and Belize, Northern Cyprus has become the fourth most popular retirement destination in the world according to Overseas' Emeklilik Endeksi ranking.

The North Cyprusreal estate expert for Coldwell Banker Turkey, Aileen Pelin Onar, emphasized that North Cyprus not only offers people a "beautiful" life but also provides it at the best price. "In North Cyprus, investors can really get access to luxury at a really 'affordable' price. With the rapid change in property prices in Turkey, buying a front line property in North Cyprus has become even more affordable. Therefore, the demand for buying property in North Cyprus has increased by 40-50% in the first 6 months," she said.

She also noted that North Cyprus is receiving requests to buy property from 72 different countries, not just Turkey. Because of this, new residential projects are quickly sold out while still in the design phase.

She also noted that particularly in these towns, ready-to-live-in and rental properties are being rented out, and finding such properties is becoming increasingly difficult. Also keeping in mind the increase in demand for short leases, Aileen Pelin Onar, real estate specialist in North Cyprus from Coldwell Banker Turkey, said that the increase in occupancy of rental properties from 200 days to 230 days is also having an impact on the increase in demand. "Affordable prices for luxury properties in North Cyprus are allowing investors to strengthen their position and good returns are helping to boost demand," she added.