Cyprus in the focus of international investors

Investing in real estate has long been one of the most popular types of investments, but the lengthy research process awaiting those looking to buy a home can cause this important decision to be postponed indefinitely. Especially for those considering investing in real estate abroad, finding the right location and conditions can be very challenging, and the conditions in the highlighted countries should be thoroughly researched by investors. In an article published in Forbes magazine, which published the results of its 2021 Live and Invest Abroad survey, the magazine showed Iskele in Northern Cyprus at number one among the first five coastal countries where you can invest in real estate. Forbes described NorthernCyprus as a safe and welcoming place with a developed tourist infrastructure.

The Long Beach area in Iskel has huge potential for investment.

The Long Beach neighborhood in Iskel has great potential for investment. Eyup Derdik, founder of Kibristaneval.com, emphasizes that the average temperature in North Cyprus is 19 degrees Celsius and notes that the Iskele area, where many residential complexes are located, is attracting the attention of investors as one of the most popular places in North Cyprus due to its location and the beauty of the landscape. "The Iskele area, which continues to develop day by day, is the most attractive place for investors on the island due to its location and the beauty of the landscape. Offering a calm and clean atmosphere, Long Beach Cove is a great choice for those looking for a quiet life. It not only has great investment potential but also offers a quality standard of living with long beaches, walking and cycling paths, tourist facilities, entertainment venues, restaurants and cafes. Iskel Long Beach offers low down payment, interest-free and installment homeownership," he said.

The payback period

The payback period, meaning the time in which the rental income from a property equals the purchase price, is 17 to 25 years in areas with high property values, according to Eyup Derdiok, founder of Kibristaneval.com. He also noted that in Cyprus the payback period is 8 to 12 years due to rising rental income and property values.

Ease of the process of buying real estate

Eup Derdiok, founder of Kibristaneval.com, also drew attention to the ease of the process of buying property in North Cyprus. He explained that for those who are not Cypriot citizens, the process of buying real estate is not very different from the process for local investors: "Even if you are not a Cypriot citizen, you can become a homeowner in North Cyprus. The buying process is very similar to that of local investors and is very simple. To become a homeowner in Cyprus, you must first pay a deposit on the purchase of your chosen home and submit a formal application along with a contract. You can easily manage the entire process by granting power of attorney to an attorney. We recommend that those looking to become homeowners in North Cyprus work with advisors who are familiar with the local real estate market and legislation. At Kibristaneval.com, we are a consulting firm with the expertise and experience to ensure a comfortable and fast real estate investment process. We are always there for our investors with our 24/7 support team to help them make the right investment in high-potential neighborhoods.".