North Cyprus Property Developments offer value for money

The officially known Turkish Republic of Northern Cyprus has upped its stakes in the overseas property game with a recent announcement by the Government to declare the Northern sector of Cyprus a tax-free shopping haven, in the hope that it will provide a further boost to North Cyprus property investment. Non-Resident Shoppers can claim a complete cash or credit card refund of their 15% value added tax (KDV) on Jewellery, clothing, fabric, perfume, electrical goods, mobile phones, sunglasses, computers, cameras and shoes at dedicated tax refund offices as they leave the country via main air and seaports.  This further reduces the prices for goods that are already far cheaper than mainstream Europe and constitutes massive saving for shoppers. Further tourism encouragement comes in the form of VAT reducing on local handicraft items aimed at highlighting North Cyprus as a shopping haven similar to that of Gibraltar.

Property prices in Northern Cyprus remain lower than its Southern counterpart mainly due to often unfair generalisations leading to uncertainty surrounding the legal status of property in North Cyprus. However the ‘YES’ vote in 2004 to the Annan Plan for peaceful reunification of Cyrpus resulted in EU aid and an direct increase in Foreign Direct Investment leading to improvements in infrastructure, amenities and the decision by many to invest in North Cyprus property development.

Latest releases onto the North Cyprus property market include:

Sweetwater Bay enjoys a stunning seafront location east of Kyrenia below the picturesque village of Tatlisu. Access via the new coast road improves travel times to Ercan airport (serviced by Cyprus Turkish Airlines) from several UK airports. The development site has been designed to include a wide range of property types from to garden apartments and penthouses with prices starting at ₤48,000 rising to ₤142,00 for Bungalows and villas. Onsite attractions comprise a variety of public features and facilities, including swimming pools, dining, recreation and access to a private beach.

Property construction will be completed over three phases (November 2007 (phase I),  May 2008 (phase II) and November 2008 (phase III). Public facilities will be completed within phase II.
Notably all of Sweetwater Bay is located on Exchange Title land, Pre 1974 Turkish (or foreign) Title. The safest and best, but almost impossible to find nowadays, especially close to the sea TRNC Esdeger (Exchange) Title means that the Turkish Cypriot owner has been given this land in exchange for the equivalent piece of land they owned in the South.

Sweetwater Bay is being constructed by a development team with experience in worldwide real estate development projects, in Western and Eastern Europe (London, Moscow) as well as the United States and the Mediterranean.

Also on the market in the prime rental area of Esentepe, Turtle Bay Village is a gated off plan property development of 400, two and three bedroom apartments offering a similar coastal location lying east of Kyrenia. Turtle Bay Village will be comprise 140,000m² of tropical gardens with water features, streams and a private beach. Features include 6 pools (1 covered and 1 heated), on site restaurant and café, tennis & basketball courts, mini golf, gym, sauna and beauty/hair salon. In addition 35 contemporary three and four bedroom signature villas built on 36,000m². This northern cyprus real estate project lies just 300m to the beach and 500m from the newly planned Korinium Esentepe Golf and Country Club, the first 18 hole international golf course featuring three dedicated training holes, a thirty bay driving range to keep up the practice and at its heart new club house housing a two hundred seat restaurant offering spectacular views of the Mediterranean Sea and the Kyrenia mountain range.

Currently on the market with Avatar International - Prices range from:
2 Bedroom Apt 45,105 GBP - 56,434 GBP
3 Bedroom Apt 62,593 GBP - 78,764 GBP

Brand New Release from Evergreen Developments, just 40 minutes from Ercan International Airport, the stunning Aphrodite Beachfront Village is located on the outskirts of the popular Village of Guzelyurt, on the beautiful stretch of natural beaches on Morphou Bay. A premier holiday village offers quality property development offering 120 skilfully designed 2 and 3 bedroom apartments. For your relaxation the resort has been planned with high-culture amenities, an onsite restaurant, café as well as a Wellness and Fitness Centre.
 
Owners of Aphrodite Beachfront Village property will feel secure knowing they are buying property with Pre-1974 Turkish Title Deeds Turkish Title Deeds which are internationally recognized freehold title deeds, safe from any possible claims in the future.

Located just south of Aphrodite, you will find the the only operational Golf Course in Northern Cyprus whilst nature lovers will enjoy the proximity to the Troodos Mountains which doubles as a winter ski desination. 
 
Evergreen Developments offers an attractive payment plan:
35% upon signing
59% upon apartment construction completion
6%   upon site development completion and possession  

Prices start at ₤41, 950 For more information about Aphrodite Beachfront Village apartments call Tel +90.392.8160321 quoting Nubricks.com