Being one of the most visited cities in Cyprus, Kyrenia welcomes millions of tourists every year. With its ancient harbour, historical castles and narrow Mediterranean streets Kyrenia attracts the attention of real estate investors as much as tourists. In this article, we will give information about the prices of villas for sale in Kyrenia.
Kyrenia is appreciated by both those that dream of a quieter life and those that flourish in an active lifestyle. Due to the high standard of living that Kyrenia offers cost of living in Kyrenia is slightly higher compared to other cities in North Cyprus. Kyrenia is 42 km from Ercan Airport in Nicosia and is very easy to access. In addition, you can also travel to Kyrenia directly by using the ferries departing from Mersin Taşucu in Turkey. Kyrenia, the liveliest and most vibrant city of the TRNC, is the most common choice of those who want to settle in Cyprus
Investing in Real Estate in Kyrenia (Girne)
Before moving on to the prices of villas for sale in Kyrenia, let’s consider the investment potential of Kyrenia in general.
There are 5 universities in the city of Kyrenia, which hosts tens of thousands of national and international students and three more universities will soon start to operate in Kyrenia. Students who come here from all over the world to study have an important contribution to the real estate sector of the city. Besides students, tourists also make a significant contribution to the city’s economy.
The COVID-19 pandemic also had a considerable effect on Kyrenia’s real estate market leading to an increase in demand for private villas from holidayers. For more information on this subject, you can visit The New Normal for Holidays: Renting Villas in Quiet Cities. Before moving on to the prices of villas for sale in Kyrenia, let’s consider the investment potential of Kyrenia in general.
Kyrenia is a popular tourist destination at all times of the year as many of the famous beaches of Cyprus are located in Kyrenia. The tourism capacity, which is planned to be increased with government incentives, is causing an increase in tourism investments in the region day by day. More efficient use of Kyrenia’s tourism potential will increase the value of Kyrenia even more in the coming years.
In terms of real estate investment, Kyrenia’s real estate value is quite high. This situation is also reflected in the prices of all property types in the area. However, if you consider the very short property turnover time in Kyrenia, you can see that the prices of villas for sale in Kyrenia are much more affordable compared to many other European countries.
You can visit the Top Tips for Buying a Villa in Kyrenia article to see the pros and cons of Kyrenia and get some advices on buying a villa in Kyrenia.
Prices for villas for sale in Kyrenia range from £180,000 to £275,000 for standard villas in the western region, while luxury villa prices range from £450,000 to £1,500,000. Standard villa prices in the center of Kyrenia range from £180,000 to £375,000, while luxury villas for sale range from £400,000 to £3,000,000. Standard villa prices in the eastern region range from
£120,000 to £250,000, while luxury villa prices range from £350,000 to £1,500,000. To compare the prices of villas for sale in Kyrenia with other TRNC cities, you can take a look at the Cyprus villa prices page.
In this article, we discussed the prices of villas for sale in Kyrenia. You can get more detailed information about profitable real estate investment and TRNC villa options for sale and benefit free real estate consultancy service. For this, contact us immediately by using the contact button at the bottom of the page.