Northern Cyprus offers a tremendous opportunity for bargains
The unification talks of Cyprus are set to benefit the region, as tourism has already grown rapidly due to its beautiful landscapes, unspoiled beaches, it has been claimed.
According to the Daily Mail, Property hunters looking for a holiday home or sunny spot to retire may wish to consider buying in northern region to take advantage of the low prices available, due to the north still trading in Turkish lira. Northern Cyprus offers a wide variety of attractions, including good beaches, food and guaranteed sunshine.
Nick Bointon, from Llandovery, west Wales, told the newspaper that he initially thought of buying in the south to start his holiday business but decided to take a day trip up north to explore
He commented: “The prices here are amazing … It’s a very unspoilt place.”
The cost of property in Northern Cyprus is still around half as much as those in southern Cyprus for comparable properties. However, citing predictions from market experts, the newspaper added that Prices will continue to rise, it adds, with the country expected to grow and develop further.
In The seaside resort of Bogaz Close to the town of Farmagusta where a third of homes at the new Palms development have been sold to British and Irish buyers. Five-bedroom villas set in one-third of an acre plots with pools and roof terraces are available for £240,000. Prices start from £65,193 for a one-bedroom apartment. The resort will eventually have a nine-hole golf course, tennis courts and restaurants,
Meanwhile, Blue see developments commented: ” the EU-led economy of the south, combined with the already large and ever growing tourism and property interest in north Cyprus, would be a powerful combination indeed.” .
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