Photo courtesy of Curreyuk

The Turkish controlled northern third of the island of Cyprus is blessed with many of the most stunning beaches and much of the best natural scenery found on the entire sun-drenched Mediterranean island of Cyprus.  What’s more, because Northern Cyprus was effectively completely cut off from the rest of the world between 1974 and 2004 when the whole island entered the EU*, the northern third of Cyprus has remained largely unspoiled and untouched in many respects.

Continue reading ‘A Guide to Northern Cyprus Property Investment’

Overseas investment news has been a mixed bag of late, with traditional markets perceived as being shaky and warnings of too-good-to-be-true scams filling the headlines.

As a result, those in the know are turning away from oversaturated markets and are looking instead to get more bang for their buck elsewhere on the overseas property map. The property market of Northern Cyprus is one which clever types have quietly been exploring over the past couple of years, in particular the less developed areas of the Bafra coastline and the nearby Karpaz Peninsular.
Continue reading ‘The Heights Beach Resort in Bafra, North Cyprus’ Own Paradise’

Cyprus nestles in the north-east corner of the Mediterranean and lying some 70 kilometres from Turkey, it is the third largest island in the region. Located on the Western Peninsula and set between sculpted mountains and natural sandy beaches, Sadrazamkoy must be one of Northern Cyprus undiscovered secrets, the sheer rugged beauty of this unspoilt corner of the Island is simply breathtaking. The last village before the Cape of Kormakiti whose jagged limestone cliff tops are a birdwatchers haven, Sadrazamkoy or Livera as it is also known is the setting for West Beach Haven Homes. Continue reading ‘West Beach Haven affordable property in North Cyprus’

Yesterday the BBC reported on the Sussex couple, who have won their high court battle to keep their villa situation in Kyrenia in North Cyprus.

Spending their life-savings, Linda and David Orams built their villa four years ago on a plot of land in Turkish-controlled Northern Cyprus. They were taken to court by a Meletios Apostolides, a Greek Cypriot, who claimed it belonged to his family in the 1970’s prior to the Turkish invasion and their subsequent removal from the land. The Orams bought the land from the registered owner in accordance Continue reading ‘Breakthrough for Northern Cyprus property owners’

If you are looking for a real getaway destination with a holiday home that offers style and luxury, the Bogaz Seaside Homes is a boutique development of just 14 detached 3 or 4 bedroom villas. This superb villa development offers a shared private pool set over spacious green areas. Standard interior features include an eco-friendly solar panels & hot water immersion tank system whilst villa upgrades on offer include white goods, air conditioning and/or central heating and for those looking to rent their property a complete furniture package.

Just 8 villas are left and the first properties will be completed later in the year whilst the remaining 8 are being sold off-plan and complete 18 months from contract. Continue reading ‘Luxury Bogaz Seaside Villas in North Cyprus’

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.
Continue reading ‘North Cyprus Property Developments offer value for money’